The Perfect Home for our Perfect Family

Enrique Campos
is organizing this fundraiser.
605 Van Buren St, Brooklyn, NY 11221
Created
December 20, 2022 10:29 PM
Household Change
$380,000
raised of goal
$950,000
76
Investors
Join the Waitlist
Monthly Residency Payment:
5614
Initial Investment:
Price Per Share:
Total Shares:
10000
Enrique Campos

I'd been dreaming about it for years. A home of my own - a place I could settle down and make memories with a family of my own. But finding the perfect location was always a challenge. I'd been looking and looking, but it seemed like nothing was ever quite right. 

Should I go with a modern home with all the latest bells and whistles? Indeed, it would have been a great place to live - but what about a family with kids? Could a house like that handle all of the demands of life with little ones running around? 

It was a tough decision for sure - and one I felt I might be getting wrong. After much thought, I decided that I wanted everyone to be part of the decision-making process regarding having a baby. And then I found homefundme. 

With homefundme, I could begin my search for a dream home in earnest, investing with a limited investment and building up equity in the real estate market for years to come. Not only that, but I could also share rental income and property appreciation with friends and family. 

So I reached out and asked for your help. I wanted to invest in my dream home and change my life - and I was hoping you could lend a hand. It's a big undertaking, but I can make it happen with the proper support and guidance. 

So if everyone should help with the timing of a baby, please join me as I continue on my journey to finding the perfect home. Together, I know that we can make it happen.

Features:

So much opportunity!!! THREE FLOORS plus basement backyard and an amazing location right off Broadway in Bushwick.

There is so much potential for a new buyer to update this house the way they want to. You can keep as a single family or it's an easy conversion to two family as many similar houses on the same block have already been converted.

The first floor you have a large living room and dining room plus an eat in kitchen and full bathroom. The second floor is currently configured as 2 large rooms with a working fireplace, and beautiful old details on the wall and framing around the doors.

The third floor is 3 bedrooms, small, medium, and large, plus a full bathroom. 100 foot lot and the backyard is already paved. The basement has high ceilings /gas heat and hot water which are both new, impeccably installed and maintained.

You have the subway right around the corner not to mention all the restaurants, nightlife and live music as this neighborhood continues to develop like crazy!

Total Investment Value
Home Cash Price
950000
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
5614
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:
Enrique Campos
Bushwick, NY
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