R&N Dreams | Application Preview
R&N Dreams is seeking government grants to finance the purchase and rehabilitation of real estate properties in the Portland Shawnee and Russell neighborhoods. The funding will be used to acquire properties in need of renovation, as well as to buy supplies and hire staff for these projects.
The business, which has been operating for over a year, aims to rehabilitate one or two properties annually, increasing their value and providing opportunities for home ownership across diverse communities. They plan to sell some of these properties to generate funds for future projects.
R&N Dreams emphasizes their commitment to community improvement and has already invested their own resources into a rehabbed property. They face competition from more established investors in the area, particularly in the west end, but they differentiate themselves by focusing on revitalizing all parts of the city rather than solely pursuing the most profitable opportunities. Their mission is to enhance neighborhoods incrementally, and they are eager for support to continue their efforts.
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General Information
Business Registration Number: 922549614
Location: Louisville, KY, United States
Length of Operation: 1-5
Number of Employees: 1-10 Employees
Annual Gross Income: Less than $100k
Annual Gross Expense: Less than $100k
Open to Loans: YES
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Funding Usage
To purchase a real estate property that's in need of rehabilitation. Purchase supplies and hire staff to help with the renovation project.
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Business Plan
Our business is a little over a year old. Our plan is to purchase and rehab at least one or two properties a year. We want to increase property value in the Portland Shawnee and Russell neighborhoods. We plan on selling some properties in order to create funding for the next project, along with helping people of all backgrounds a chance for home ownership. You should invest in our business because we have a strong desire to improve all areas of this cities. We have already put our funds into this dream. We have one property that we have rehab but we just need funding in order to continue.
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Self Identified Competition
All real estate investors are our competitors in this area especially the ones who are more established and more funded than us. Especially investors who are in the west end like Red Door properties. Our business is a little different than most because we want to rehab and renovate in all areas of town not just where the most profits might be. We try to look for places that will help the whole neighborhood improve and grow. One house at a time, one mobile home area at a time, one multi-property home at a time. We have a strong small team ready to go, we're just asking for an opportunity.
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Contact Applicant
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