Take the financial risk out of home ownership

Kate Lord
is organizing this fundraiser.
770 Ocean Pkwy APT 2B, Brooklyn, NY 11230
Created
December 30, 2022 1:12 AM
Household Change
$69,800
raised of goal
$349,000
5000
Investors
Join the Waitlist
Monthly Residency Payment:
2397
Initial Investment:
Price Per Share:
Total Shares:
10000
Kate Lord

I had always dreamed of owning a home; to me, it represented stability, security, and something I could call my own. I longed for the day when I could finally settle down; however, reality often had other plans.

My husband and I were stuck in a perpetual state of renting; the thought of buying a home together filled me with an overwhelming sense of anxiety. Although we desperately wanted to buy a home, taking on joint financial responsibility seemed like an impossible risk.

Then one day, I heard about HomeFundMe and its idea of pooling our collective money to finance our dream home. Suddenly, the idea of homeownership was no longer filled with fear. Instead, a feeling of excitement ran through me.

I could now invest in a home without taking on all the risk myself. By working with HomeFundMe, and with the support of my husband and our friends and family, I could purchase the home of my dreams without having to go it alone.

By pooling our collective money, we can reap the benefits of improved net rental income and property value appreciation. We also look forward to the peace of mind that comes with having a roof over our heads that is genuinely ours.

So, if you are considering getting into homeownership but are scared of the risks of joint loans, please take the plunge and join me in this adventure! With HomeFundMe, we can start investing in our dream home, and with your support, we can do even more to change our lives.

Features:

KENSINGTON/PARK SLOPE VIC-GUT RENOVATED XLG ONE BEDROOM-This awesome unit is completely gut renovated with modern open kitchen, stainless steel appliances and ceasarstone countertops. Beautiful modern bathroom.

Hardwood floors throughout. Oversized master bedroom, large enough for king size bed. Plenty of closets and windows throughout- totally sundrenched!. custom spotlights.

Located in luxury elevator building with doorman and laundry room on each floor. PRIME LOCATION-Near shopping and transportation-restaurants, coffee shops, hair and nail salons, parks and recreation, steps to Ocean Parkway walk and bike path.

Just 15  minutes to park slope and 35 minutes to Manhattan. Please email or text with detailed info. Available to be seen at any time.

Total Investment Value
Home Cash Price
329000
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
2397
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:
Kate Lord
Midwood, NY
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