>>142
>>143
I also want to hash out structure, or the whole project is pointless.
[spoiler]lo_tek{/spoiler] was suggesting that the program be structured in a way as to attract unskilled anons/NEETsoc's and give them an opportunity to learn how to do home repair/remodeling as a side job or full time job while they have a place to live with inexpensive rent.
I am on board for this idea 100% and have come up with some options for the financing. I'll save how we should tour, inspect and certify a property in another post.
Scenario #1: The Partnership - maximum cash flow, investor centric
>Several /pol/acks form a liability shielding entity, such as an LLC, and determine the best tax structure, S-corp etc., then purchase a property and share the down payment/closing costs (if the seller won't cover them) as well as any debt obligations (mortgage, taxes, PMI, etc.)
>The apartment/parcel is rented out to tenants and a /pol/ack lives there as a property manager with free rent or payed by the hour.
>Original investors don't have to immediately be on property and are free to explore other prospects to expand in the area or another area.
Scenario #1.1: The Co-Op - decent cash flow, faster expansion
>Property is purchased as in #1, but instead of keeping ownership of the entire property the apartments are sold to /pol/acks with their own bank financing.
>Now, aside from a small HOA fee, the NEETs own their own apartments outright and can renovate them individually to sell at a profit.
>original investors get shares of the sold apartment and can use that as capital towards more properties in the area to do the same thing.
>de facto gentrification and mass immigration of /pol/acks ensues.
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