All Forum Posts by: Ryan Jenks

Hey all, thank you in advance for your input and ideas. I've had an LLC for about 2 years, I want to get into New Construction for Rent. That has always been the intetion I just got stuck at the funding side. There were some offers but they all seemed very much like "High Interest-scams". Is there a "best place" to start finding funding partners and investors. I'm open to any and all ideas, and certainly willing to get creative if it makes sense. I appreciate your time, thank you!

My question is about the legitimacy of a capital offer that just doesn't seem to add up. I'm new and I have a lot to learn so I don't want to pass up an opportunity but something doesn't feel right.

Alright so I have been in search of capital to get started, I was put in touch with this person Michael Bell. He owns a company called Invictus Funding and Business Growth LLC as well as Invictus Acquisitions LLC.

I would say I've been strung a long for about 8 months as of mid July 2022. Mr. Bell and I have had a couple of phone conversations discussing my business plan etc. He has all this time been searching for a solution to help raise capital. Mid July he emails me to say he may have found a good match and he would be sending me an operating agreement today. I check all day excited for details on this possible solution and nothing.

So 3 emails (no response) and 2 weeks later and it's the first week of August, I'm feeling like it's time to move on but the thought of passing up an opportunity is still there so I email once more. He comes back in a few hours that he thought he had sent it last week and apologized if I hadn't gotten the agreement and that it's attached.

I open the .pdf and it's the LLC Operating Agreement for a company called Invictus RE Acquisitions LLC. The company was formed January 22nd 2022 and the agreement was signed March 7th 2022. In his email he calls this an application and if I could get it filled out he will touch base on Thursday 8/11/22.

I see red flags everywhere. Am I being blinded by the idea of my initial capital search being over or is this a legitimate sound offer and it's my own ignorance at play?

Quote from @Ray Seaman:

Welcome @Ryan Jenks! Are you building spec homes, build to rent, or both? Ocala is a great area to do either imho.

Hey @Ray Seaman, initalliy I was leaning towards spec builds, but I'm watching the major players switch to a build to rent model. Once we have some capital and a couple of sales to help sustain the company I could easily see switching to a build to rent model, seems like the way forward, at least for the near future.

Hey guys, I started my own company about a year ago, Rustik Homes LLC. We are a new home builder serving the Ocala Metro area and The Villages. I don't currently have any projects funded or started. I have been mostly in data analysis mode, checking into areas and studying population data, sales data, expected growth data and what companies are coming to the area. I have a turn-key GC with engineered plans who is already building the same plans in other areas, they bring to the table all their own labor and equipment covering the entire process from underground plumbing to interior finish. My struggle has been in the capital department. I have had a some interest but most seemed to be shady to me (could be a result of a lack of education in capital lending), one particular person strung me along for about 4 months, I just moved on from the pipedream that he had something in the works. 

I am seeking information and networking in the capital lending space, ultimately hoping to obtain a connection with a hard money lender or someone who can offer another option. There are a couple of various options when it comes to funding these projects through completion on my end including an option to fund the construction using a sister company to the GC, Rigor.Build, what I need in place is the land. I have my build area picked out and my data in place to back up my choices. 

As for me, I come with 7 years and growing in the construction supply industry. I have seen the problems that plague not only the home buyer but the GC as well. I started Rustik so that I could do my part in making the process better for all of those involved. Looking forward to speaking with you and learning all that I can about this space, thank-you for your time! 

Hey guys, my name is Ryan, I live in central Florida. I started my own company about a year ago, Rustik Homes LLC. We are a new home builder serving the Ocala Metro area and The Villages. I don't currently have any projects funded or started. I have been mostly in data analysis mode, checking into areas and studying population data, sales data, expected growth data and what companies are coming to the area. I have a turn-key GC with engineered plans who is already building the same plans in other areas, they bring to the table all their own labor and equipment covering the entire process from underground plumbing to interior finish. Looking to drop that 9-5 and build my own business from the ground up, thank-you for having me!