Everybody would like to earn passive income. With our patented product, moderate income people can use single family mortgages to buy their new home and 1-3 professionally managed rental units.
What's the catch? The rental units must be attached to the owner's home. The most common owner's home with an attached rental unit, the duplex, isn't popular with homeowners:
Above: Homeowners don't want to see or deal with renters.
Below: Our communities give owners and renters complete privacy. The rentals are out of sight and managed by a professional management company. Homeowners never see or interact with the renters. The owners and renters have separate entrances to their communities. The rendering shown below is for illustration purposes. You decide what to build. This rendering shows homes with two rental townhomes behind each home. The renters outdoor area is shaded red. A wall separates the owners and renters outdoor areas (patented):
The properties are professionally managed with landscape and outdoor building maintenance provided. The rental contract is with the renter and the management company. There is no communication between owners and renters. The renters communicate with the management company.
The management company collects the rent, pays the expenses and distributes the rental income equally to the owners regardless of each units vacancy. The risk of vacancy is spread between all the owners insuring minimal cash flow interruption for each individual owner.
Below is an illustration of the rental townhomes that are attached to the back of each owner's home. To attract premium rents, the townhomes look like stand alone townhomes.
Below shows the front of the home looks like a large single family home.
People aged 62 and older can put about 50% down on 2-4 units and never make mortgage payment of any kind-no interest or principal payment-ever. They benefit from rental cash flow without the outflow of a mortgage payment (see Special Financing).
People who have never owned a home, and people who haven't owned a home in the last 7 years, can buy 2-4 units with just 3.5% down. Veterans can buy 2-4 units with no money down.
75% of the gross appraised rent can count as qualifying income for the mortgage.
The owners must occupy one unit as their primary residence.
What we do: increase the appraisal without adding to your costs; pre-sell the homes at the full appraisal; ensure that your competitors don't build a competing product by enforcing our patents.
These homes can be built on land zoned for residential 2, 3 or 4 units and land zoned for apartments of 1-4 stories.
Zoning officials like our owner occupied multifamily properties and are often open to special permits and variances. Community Development Departments like the fact that the rental income stays within the local economy. Nearby homeowners like how the rental units are tucked within a community of homes, and that the properties look like large single family homes opposed to apartments. Another part of our role is to take the lead in getting special permits and variances where needed.
For our target buyers, this is not just a home. It's a trouble-free income generating property that satisfies the human desire for financial security and peace of mind. See Special Financing that enhances the financial advantages.