GOOD AFTERNOON ALL YOU TRUE PRIVATE MONEY PEOPLE.I AM LOOKING TO PUT YOUR MONEY TO WORK FOR YOU.RETURN ON YOUR INVESTMENT BETTER THAN LENDING THE FUNDS AT 8 TO 10 PERCENT.THIS WILL GIVE YOU MONTHLY…Continue
GOOD AFTERNOON ALLLOOKING FOR FUNDING FOR 3 PROPERTIES IN THE SOUTHERN FLORIDA AREA.THESE ARE TO PURCHASE AND HOLD.RENTAL AMOUNT IS $1,650.00 FOR TWO THIRD BEING NEGOTIATED.REQUESTING $300,000 LET ME…Continue
John Crowley has not received any gifts yet
Rindge Properties Group, LLC is a locally operated real estate investment company in Cambridge, Massachusetts that focuses on finding, acquiring, and repositioning single and multi-family properties throughout Massachusetts. In addition to repositioning distressed properties, we buy and hold multi-family rental properties in Massachusetts’ Worcester & Middlesex counties. Our main competitive advantage is our process for finding and evaluating properties to fit our very specific buying criteria. All properties will be within a 3 to 5 mile radius of major centers of commerce (malls, large and growing shopping centers) or amenities / workplaces like colleges, medical facilities, etc. Most properties being purchased will be distressed, either where the property owner needs or wants an exit because they can no longer make the property profitable or financing prevents them from holding on.
Funding for these acquisitions will be a custom mix of hard money lending, private money lending, and in house financing based on each particular situation. This provides a competitive advantage because we have the ability to get access to a stable of private funding partners who can provide debt or equity financing depending on each transaction specifics.
Short term revenues will be generated through two distinct revenue streams. The first stream of revenue will be achieved via the wholesaling of properties with a need for extensive renovations that also have high profit margins. Each sale should generate $10,000 to $15,000 in profit and provide a quick exit plan for potential projects usually between 2 to 6 weeks. The second revenue stream will be generated by the rehabilitation and selling of distressed properties; the time horizon for rehab projects will vary between 3 months and 6 months traditionally. The sale of a rehabilitated property should generate a profit of between $20,000 and $50,000. A target of 1 rehab and one wholesale a month are our current goals for the first 18 months. At that target, a net positive cash flow of $35,000 a month will be achieved.
In order to generate revenue in the long term, we will diversify away from wholesales and rehab projects into other areas of real estate investment. Some of the subsectors of real estate that we are planning on entering include buying and renting properties, property development, and real estate financing. Currently, we are laying down the ground work necessary to enter each of those subsectors: we are aggressively searching for multifamily homes or apartment buildings, we are currently in talks with multiple real estate developers, and we have recently begun negotiating with some of our financiers in regards to investing in them.
Rindge Properties Group, LLC is a startup in the real estate investment arena. The inspiration for the company came from one owner’s late father, James E. Crowley Jr., who believed the best way to increase ones wealth was to invest in real estate with location, location, location as your foundation. The owners also have a firm belief that one should give back to the community, and that the rehabilitation of distressed properties can help the overall real estate market as well as the community it is situated in. Finally, this venture was started with the intention of creating a long lasting family business that can be passed down to future generations.
The owners are John and Peter Crowley. John is a former Controller and CFO that has worked in several industries so he brings extensive knowledge of financing to the company. John took a small Research and Development company (Photoelectron) from R&D to being a publicly traded company. Peter is a student at Boston College’s Carroll School of Management. He brings the current technological understanding to the company. In addition to their individual knowledge, the company has invested in Fortune Builders Mastery program. The program has been recognized for the last 3 years as a top training program by INC magazine http://www.fortunebuilders.com. With the experience and knowledge each have one can be sure the business is in good hands.
This is not a part time endeavor for John and Peter, this is a full time endeavor. John has done several rehabs of commercial buildings as well as our own home. Along with the ownership/management of the company, we have enlisted a group of partners and professionals to be part of the team so we can best help our buyers and sellers. We have engaged real estate agents in different areas so we can have expertise of the local properties and values. We have both real estate and corporate attorneys. We have a CPA to insure we are in compliance with all accounting and tax issues.
“Rindge Properties Group, LLC will initially focus on two primary models for generating a consistent stream of profitable business. We will concentrate on these two models exclusively for the first 12 to 18 months so we can develop a solid foundation of revenue to further build the business for the future.
Our two primary profit models will revolve around:
These two methods of real estate investing will help Rindge Properties Group, LLC to build a solid company which is focused on becoming the area’s experts in rehabbing and wholesaling foreclosures and vacant properties. Our business model will expand to include other types of real estate investing activities to further broaden our revenue streams within 18 months of starting the business. As of now, our plan is to continue to focus on rehabbing and wholesaling foreclosures and vacant homes as our primary area of expertise and source of revenue for at least 24 months. During that time, we will expand our revenue streams, but will keep our focus on our primary area of expertise.
RECENTLY I READ THAT MASSACHUSETTS IS THE BEST PLACE TO FLIP HOMES IN AMERICA. AS I READ THE ARTICLE I REALIZED WHAT AN OPPORTUNITY IT WOULD BE FOR PRIVATE LENDERS TO TAKE A BIGGER POSITION THAN HARD MONEY LENDERS. WHILE MASSACHUSETTS HAS THE HIGHEST PROFITS IT RANKS LOWER ON OPPORTUNITY.
I HAVE ATTACHED A LINK TO THE ARTICLE …Continue