$5,000 minimum investment. To an open borders real estate renovation investment, controlled and managed by OBI Construction. We will notify everyone when this opportunity closes and another opens. Additional details will be added periodically and equity deals will tighten.
Current Detail :
We will purchase a property between $5k and $200k in value with renovation value-add-potential of 100% or more, with renovation cost of 75% or less of the property purchase value, with a target turn-around time of 6 months or less from purchase to sell; offering any participants a minimum target return of 25% or more.
Fund Raising Break down
Property Cost
raw property and associated liens and debts cost
buffer 10% of raw
Closing & Selling Cost
5% of the raw property cost
15% of the renovated property sale value
Renovation Cost
75% of the property cost
example : a $100k property opportunity will require raising $201,250 and re-selling at $279,411.76
Procedure
pledges will remain open until an opportune property is discovered and the proposal and renovation quote is finalized with set target timelines for purchase and renovation execution. Notices will be sent during opportunity considerations.
pledges will require a proof of funds renewed once every quarter
after opportunity plan finalization, pledges will close, notices will be sent and pledgees will be given a 2 week window to deposit funds to escrow. Any needed funds and buffer funds will come
regular notices and updates will be given from close of fund raising escrow, to end of year tax filing documentation after redistribution of funds and any profits.
we encourage open discussion and recommendation for property targeting to the email opportunity@obic.build
$5,000 minimum investment. To an open borders real estate renovation investment, controlled and managed by OBI Construction. We will notify everyone when this opportunity closes and another opens. Additional details will be added periodically and equity deals will tighten.
Current Detail :
We will purchase a property between $5k and $200k in value with renovation value-add-potential of 100% or more, with renovation cost of 75% or less of the property purchase value, with a target turn-around time of 6 months or less from purchase to sell; offering any participants a minimum target return of 25% or more.
Fund Raising Break down
Property Cost
raw property and associated liens and debts cost
buffer 10% of raw
Closing & Selling Cost
5% of the raw property cost
15% of the renovated property sale value
Renovation Cost
75% of the property cost
example : a $100k property opportunity will require raising $201,250 and re-selling at $279,411.76
Procedure
pledges will remain open until an opportune property is discovered and the proposal and renovation quote is finalized with set target timelines for purchase and renovation execution. Notices will be sent during opportunity considerations.
pledges will require a proof of funds renewed once every quarter
after opportunity plan finalization, pledges will close, notices will be sent and pledgees will be given a 2 week window to deposit funds to escrow. Any needed funds and buffer funds will come
regular notices and updates will be given from close of fund raising escrow, to end of year tax filing documentation after redistribution of funds and any profits.
we encourage open discussion and recommendation for property targeting to the email opportunity@obic.build
