New beginnings start here

Benny Savage
is organizing this fundraiser.
315 Gates Ave APT 2S, Brooklyn, NY 11216
Created
December 28, 2022 1:46 PM
Household Change
$559,999
raised of goal
$799,999
111
Investors
Join the Waitlist
Monthly Residency Payment:
3699
Initial Investment:
Price Per Share:
Total Shares:
10000
Benny Savage

Before I even knew what a divorce was, I had this dream of starting afresh and creating a new life for myself. Now, after going through a tough divorce, my dream of creating a better life for myself is more relevant than ever.

But because of my divorce, I have limited finances, and the uncertainty of not knowing where to move to makes me anxious. It's a feeling that's so overwhelming sometimes it almost feels like I'm going to drown in it.

That's why I found homefundme—a platform that allows me to begin investing with a limited investment without getting a loan. With homefundme, I can build equity in the real estate market in the years to come, which I could never do before.

I want to find my dream home and really make this the beginning of a new and better life for me. I want to break away from all the negative memories of my past and create something positive for myself. That's why I'm asking for your help to invest in my dream home. If you invest in me, you will share in the net rental income and property value appreciation that this investment could bring.

The thought of having something to look forward to is a relief, and I'm excited to build my dream home. I believe that the reward of suffering is experienced, yet the experience can make a person its victim. With your help and the help of homefundme, I can turn my suffering into a reward, and I am sure I will no longer be a victim of my own experience.

Features:

Spacious and bright, this turnkey 1 bed, 1 bath unit at 315 Gates Avenue offers clean, contemporary design and every modern convenience in a well-established condominium. With hardwood floors and 10' ceilings throughout, central AC and an in-unit washer/dryer, this apartment has much to offer. A foyer, complete with a large coat closet, welcomes you into the home. Houseplants will flourish in the living room and bedroom, where light streams in from oversized windows. The kitchen features Fisher Paykal and Frigidaire stainless steel appliances, a glass tiled backsplash and abundant cabinets for storage. The bright Caesarstone breakfast bar offers plenty of space for both cooking and eating. Retreat into the king-sized bedroom, with an expansive walk-in closest. The bathroom features a soaking tub, rain shower head, and a Toto toilet.

Total Investment Value
Home Cash Price
792200
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
3699
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:
Benny Savage
Bedford–Stuyvesant, NY
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