All Forum Posts by: Alex Souvall

I am part of a group that is developing in rural Utah. We are looking for a partner or investor to build out our remaining 8 lots on an 11 lot development. Our 1,040 sqft units are renting for $2,400/month and our 1,240 units are renting for $2,800/month and have a multi-year rental history. We are looking to put 2,000 sqft units on the remaining lots and will be able to charge over $3k/month for those. We will do all of what is necessary to build and fill the units, but are looking for a partner to fund the remaining development. We will contribute the lots, existing homes, and facilitate development, and are looking for a total investment of $2MM for 50% ownership, but are willing to break it up into $250k "shares" to make it more manageable.

Hey, I have a group that has invested in a rural area, and there is such little development going on there that there are literally zero vacancies. Most of the industry is blue collar work and some of our tenants have their rent paid by their corporate HQ, our all in cost for a new home there is $250k and we are bringing in $3k a month in rent and have had zero vacancies. 

All of our cash has been going into a larger development so we haven't built on our remaining 8 lots yet, but if you are interested in getting involved I can send you more information or set up a call with our partners.