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Updated about 2 months ago on . Most recent reply

User Stats

217
Posts
63
Votes
Alex Silang
  • Real Estate Professional
  • Las Vegas, NV
63
Votes |
217
Posts

A development company as a catalyst to drive owner occupancy in a "slum"

Alex Silang
  • Real Estate Professional
  • Las Vegas, NV
Posted

I've been thinking about this for awhile but unsure how the exact mechanics work. 

  • Stability: Homeowners tend to stay in their homes longer than renters, which can create a more stable environment for families and children.
  • Community engagement: Homeowners have a greater financial stake in their neighborhoods and are more likely to invest in their local communities.
  • Well-maintained homes: Homeowners tend to spend more time and money maintaining their homes, which contributes to the overall quality of the neighborhood.
  • Property values: There is a strong relationship between homeownership and property values.
  • Local economies: Owner-occupied homes contribute to local economies.
  • Safety: Owner-occupied neighborhoods can contribute to local safety.

I've identified an area that has a lot of multifamilies. 

Question is what to do. I'm only barely a millionaire. But I think if I can get enough people on board it could work. Could get creative to, maybe issue shares or something. 

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