Lets Stop Dreaming, Start Owning

Elias Morton
is organizing this fundraiser.
139 Skillman Ave APT 5B, Brooklyn, NY 11211
Created
December 30, 2022 1:10 AM
Household Change
$319,600
raised of goal
$799,000
63
Investors
Join the Waitlist
Monthly Residency Payment:
5163
Initial Investment:
Price Per Share:
Total Shares:
10000
Elias Morton

I’ve been dreaming about buying a home for years now. It has always been my hope, but I never thought I could make it a reality with someone I love. The idea of taking out loans jointly, making monthly payments, and being responsible for my own home was all too daunting.

Nevertheless, the pressure to buy a home had become overwhelming. E verywhere I looked, I was reminded of how much I wanted to be a homeowner. I felt anxious and scared of taking on such a huge financial burden.

Then I found HomeFundMe, and I knew this was my answer. Not only could I start investing in my dream home, but with your help, I could do so much more.

Through this platform, we can pool our money together, which can be put toward improving our net rental income and property value appreciation prospects. Think of how we can make a difference when collaborating and supporting each other.

Owning a home does not have to be a scary proposition. It can be an enriching and positive experience. And there’s no better time than now to start the journey. So, I’m asking for you to join me on this adventure and let us purchase a home together.

Together, we can make the dream of homeownership a reality. Please join me on this journey, and let’s make something unique happen!

Features:

Sunny 1 bedroom with private storage and washer/dryer is now available for sale in a boutique building with elevator, fitness center, 2nd floor terrace with BBQs and roofdeck.

This adorable apartment features a queen size bedroom, a bright living room with sunny south exposure and an open kitchen with stainless steel appliances including gas range, dual door fridge with ice maker and a two-drawer dishwasher. The bathroom has a deep soaking tub with plenty of storage space. A large private storage cage comes deeded with the apartment.

Total Investment Value
Home Cash Price
799000
Closing costs
Upfront LLC fees:
500
Dyur listing fee (6%)
Annual gross rents
Property taxes
Homeowners insurance
2205
Property management Fee (8%)
Annual LLC administration and filing fees
500
Annual cash flow
Monthly cash flow
5163
Why New York?
Here are the latest trends in the NYC real estate market as well as the statewide market. A prolonged scarcity of properties on the market, along with high prices and high mortgage rates, continues to impede the New York housing market. According to the housing report released by the New York State Association of REALTORS®, the number of properties for sale declined for the 37th straight month in year-over-year comparisons, while mortgage rates remain more than double what they were at this time last year.

The number of available properties for sale fell by 12%, from 40,321 in November 2021 to 36,490 this month. In year-over-year comparisons, the months' supply of dwellings stayed unchanged at 3.2 months. Months' supply is the number of months it would take to sell the present inventory of homes at the current sales rate. A balanced market has a supply of six to six and a half months.
Graph depicting the median sale price trend in New York, NY, from 2018 to 2023. The line graph shows two trends: one for New York with prices fluctuating around $800K, indicated in black, and another for the United States overall, with prices around the $400K mark, shown in orange. Source and more details available on Redfin.
Organizer:
Elias Morton
Williamsburg, NY
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