JK DeLary Group, LLC | Application Preview
JK DeLary Group, LLC is seeking government grant funding to support its business activities in property acquisition and management. The funds will primarily be used for earnest deposits on properties, rehabilitation projects to enhance property values, payroll for key personnel such as contractors and real estate professionals, travel expenses for property inspections, advertising to attract sellers and buyers, software subscriptions for business operations, and office supplies.
The company's five-year financial projection anticipates gross profits ranging from $2.8 million to $3 million. Year one aims for $300,000 in profits through 5-6 property deals. Year two targets $400,000 with 3-4 passive income properties and a total of 8 deals. Year three aims for $600,000 with expansion into new markets and 10-13 deals. Years four and five expect profits between $700,000 and $1.2 million as the company continues its growth in property sales and rentals.
JK DeLary Group, LLC believes it is uniquely positioned for success due to its track record of significant investment returns, commitment to professional development, mentorship from industry leaders, and community-focused operations. The company also identifies direct competitors, such as other property investors, and indirect competitors, like real estate agents and homebuyers.
Its competitive edge lies in using exclusive forms for efficient deal processing and a well-established network of professionals, enhancing its ability to secure deals ahead of competitors. The unique practices and relationships with industry partners are viewed as sustainable strengths for future growth.
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General Information
Business Registration Number: 84-3835665
Location: Ewa Beach, HI, United States
Length of Operation: 2
Number of Employees:
Annual Gross Income:
Annual Gross Expense:
Open to Loans: YES
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Funding Usage
The primary use of these funds includes the following: 1) Earnest Deposits/Down Payments. These necessary expenses are small down payments that help to secure properties under JK DeLary Group, LLC during the first steps towards property ownerships and acquisitions. 2) Rehabs. Rehabiliations, updates, and restoration projects allow the business to improve its properties’ A.R.V.s (overall values) and work more efficiently towards total sales and profit goals. These projects can stem from conventional flipping of properties, or just general updates and restorations before rentals. 3) Hiring for Management Team Gaps & Payroll. Payroll will also cover for its future personnel, which will include licensed contractors, an accountant, a tax professional, a real estate lawyer, and additional property managers. 4) Travel Expenses. There will be travel expenses to include home inspections of other properties throughout the state of Hawai’i, and eventually the continental United States, especially Alabama, Indiana, Arizona, Texas, Georgia, and Kentucky. Travel expenses will also help to cover air travel/flights, care rentals, housing, and incidental costs associated with these commitments. 5) Advertising Costs. There may be required costs for advertising in the recruitment of prospective sellers, buyers, investors, partners, and affiliates. Special interests in this expenditure category will be made with Google, Yelp, Facebook, and Craigslist. 6) Software Programs and Subscriptions. The business utilizes Microsoft 365 Office, Property Edge Pro/Drive/iCloud services, and regular website (www.jkdelarygroup.com) maintenance costs. 7) Office Supplies, Equipment, and Accessories. This includes business cards and related marketing materials, paper products for advertisements, and administrative, filing materials. Office supplies also include computers and necessary computer accessories (cases, extra data storage, mice, etc.).
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Business Plan
Our topline 5-year financial projection is expected to be between $2,800,000 - $3,000,000 million in gross profits. The projected revenue in gross profits is based on this 5-year annual breakdown: Year 1 - $300,000 At the end of Year 1, JK DeLary Group, LLC plans to successfully close on 5-6 deals. With a conservative profit of $50,000 per deal, this equates to the projected $300,000. Year 2 - $400,000 At the end of Year 2, our company plans to successfully close on 3-4 passive income properties, which include both short and long-term rentals. Moreover, JK DeLary Group, LLC plans to build its portfolio to include a total of 8 deals for Year 2. With a conservative profit estimate of $50,000 per deal, this equals to the projected $400,000. Year 3 - $600,000 At the end of Year 3, we plan to expand our products and services outside of the Hawaiʻi market and into certain landlord-friendly states like Alabama, Indiana, Texas, Arizona, Georgia, and/or Kentucky. The business will also close on 5-6 more passive income properties (short and long-term rentals). Furthermore, JK DeLary Group, LLC plans to successfully close on a total of 10-13 deals by the end of Year 3. Year 4 - $700,000 - $900,000 Year 5 - $800,000 - $1,200,000 Years 4 and 5 will include continued growth for the company’s property sales, in addition to its short-term and long-term rentals. These overall sales are expected to increase from $700,000 to $1,200,000 or more in gross revenue profits. By executing these money-making activities both day-to-day and annually, JK DeLary Group, LLC will become successful, recognizable, and respected wherever the business operates. The qualifications that make JK DeLary Group, LLC uniquely qualified to succeed include the following attributes and accomplishments: 1. Gaining a significant return on their investments (on average, 10-15%), with our business. 2. Taking professional development and educational courses that help us understand the process and critical elements of real estate purchasing and flipping; 3. Working with two very successful mentors who are highly recognized in their work within the industry, both in their home state and on a nationwide level; 4. Operating as a local company that tends to tailor and service with our community-based partners and businesses; 5. Expanding to other markets in locations that are not being reached right now, such as on the island of Molokai.
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Self Identified Competition
Our direct competitors are other property investors who are trying to do exactly what we’re doing, which is invest in real estate properties for wholesale selling, flipping, and short and/or long-term rentals. These property investments include single-family homes and multi-family homes, residencies, and complexes. Our indirect competitors may include licensed real estate agents; they are able to access “pocket listings,” which are listings that have not been posted on the public MLS yet. Since real estate agents can see these pocket listings, this gives them the advantage to pursue a potential deal with another investor within their own network (not us). Another indirect competitor is just the average home buyer who may have the opportunity to acquire a property before we can get to it first. Our competitive advantage involves two major and important practices. First, we are making use of exclusive forms that allow us to access and process deals effectively, efficiently, and successfully. Second, we are continuing to build on a systematic network and team of realtors, contractors, investors, buyers, and property managers (for short and/or long-term rentals) so we can get deals ahead of others. We have already established this network and have multiple members of realtors, contractors, investors, buyers, and a property manager. We have also secured a relationship with a title company and escrow officer who help us complete all of our deals. These practices are designed to be sustainable for us as a company to manage and expand into the future. Moreover, since many of the forms that we utilize are exclusive and proprietary in nature, our direct and indirect competitors (investors, real estate agents, average home buyers) will not be able to perform at the level of success that we do, nor will they be able to duplicate what we do.
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