RehabDaddy.com - Raise or borrow up to $1 million in Texas

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RehabDaddy.com - Raise or borrow up to $1 million in Texas

Lender · Houston, TX · Member since 2016 · 37 posts · 53 votes

Houston's first real estate crowdfunding portal (RehabDaddy.com) is finally open for business!

I am looking for a select few proven borrowers to do a pilot launch with the first set of crowdfunded offerings and help us launch this service

Why RehabDaddy?

1. You can raise up to $1 million in equity from investors (Yes, you heard that right, equity).

2. You can borrow up to $1 million and you get to set the interest rate (Yes, you pick the interest rate)

3. As you build your reputation on the site, you get funded faster and cheaper

What Projects?

1. Flips, rehabs, rentals, urban infill and spec housing (obviously)

2. We can also fund real estate businesses like hostels and shared office spaces etc.

Borrowing Cost?

3 points + pass thru (underwriting, compliance)

Requirements?

1. You need to be a Texas resident and your project has to be in Texas

2. You have a demonstrable track record in real estate development or related business for the last 3 years as a full-time, active principal

3. Your raise/loan requirement is greater than $100k and less than $1 million

3. Your closing date is at least 28 days away (We also do hard money if you need the money right away)

How do I start?

Go to RehabDaddy.com and click on FUND MY DEAL. Or contact me directly at [email protected]

-Dhar

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  • Investor · Sarasota, FL · Member since 2014 · 54 posts · 14 votes
    10y

    Congratulations! Looking forward to reviewing your product offerings. 

    As an aside, did you embed a tracking cookie in your links above? I'm getting a weird redirect.

  • Lender · Houston, TX · Member since 2016 · 37 posts · 53 votes
    10y

    Thanks Robert! 

    No tracing cookie. I copied and pasted the ad from our Facebook post. Did not know they changed links.

    btw, I see you are in Florida. How's the real estate market out there? Any active intrastate crowdfunding portals open to unaccredited investors?

  • Investor · Sarasota, FL · Member since 2014 · 54 posts · 14 votes
    10y

    I'm focused on small to medium size multifamily on the Gulf Coast and it's quite competitive.  It's been challenging to find good deals in decent neighborhoods. 

    No platforms I'm aware of are doing deals for unaccreds. Not all brokers / service providers support those exemptions and the unit economics make it difficult to pursue. 

  • Lender · Houston, TX · Member since 2016 · 37 posts · 53 votes
    10y

    We have the same challenges finding good deals here in the Houston area

    Re unaccreds, that is exactly the pain point we've set out to address. Our model brings the same kind of returns to regular investors that accredited investors have been enjoying for so long. For borrowers, it dramatically expands the investor population from which they can raise, thus bring down borrowing costs.

    Our platform also takes the pain out of managing a large number of investors

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