Legacy Property Investments LLC | Application Preview
Legacy Property Investments LLC is seeking government grants to support its growth and community-focused initiatives. The application outlines two primary funding requests:
1. **$10,000 for a virtual assistant's salary** to help with lead generation, appointment scheduling, and follow-ups. This support is aimed at enhancing operational efficiency.
2. **$20,000 for renovations and closing fees** related to new rental properties, which will help improve housing options in the area.
The business plan emphasizes increasing capital through strategic investments in real estate fix-and-flip projects, wholesale deals, and cryptocurrency. The funds will be used to acquire rental properties and Airbnb locations, with a focus on providing affordable housing for low-income communities.
The application argues that funding should be approved due to the pressing need for affordable housing amidst rising home prices and rental costs. While property values have increased in many areas, not all communities benefit equally.
In terms of competition, Legacy Property Investments faces challenges from local and out-of-state investors, along with major players like Zillow. However, the company's competitive edge lies in its commitment to affordable housing, differentiating it from other investors who prioritize profit over community needs. This focus on improving housing for low-income residents positions the business as a socially responsible investment opportunity.
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General Information
Business Registration Number: GA Control Number 19082643
Location: SNELLVILLE, GA, United States
Length of Operation: 1.5
Number of Employees:
Annual Gross Income:
Annual Gross Expense:
Open to Loans: YES
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Funding Usage
$10,000 to contribute to the yearly salary for a virtual assistant who needs to be hired. The the virtual assistant will be hired to find leads, schedule appointments, completing follow ups etc. $20,000 to go towards new rental property renovations, and closing fees.
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Business Plan
I plan to increase capital by wise investments such as real estate fix and flip deals, wholesale deals, and crypto currency investments. The capital will go towards acquiring rental properties, Airbnb properties, and to provide affordable housing for low income communities. Investors who care about affordable housing for low income communities should invest in the company because there is a dramatic increase in the price of new homes and also rental locations within the last few years. The increase is good for most areas resulting in higher property values but for others this is not a good thing.
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Self Identified Competition
My competitors are other local investors, out of state investors buying up properties in GA, and big investors such as Zillow. The main difference is my goal for affordable housing for low income communities in GA. Other competitors may have profit as the main goal with no interest in what is best for GA.
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Contact Applicant
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