Franks Investings LLC | Application Preview
Franks Investings LLC is seeking government grants to help overcome the financial barriers to acquiring properties. The funding will be used primarily for earnest money deposits and down payments required by hard money lenders, as the owner currently lacks sufficient equity to meet these demands.
The business aims for significant growth over the next five years, targeting the ability to flip three to four homes every three months. The owner emphasizes a strong motivation, highlighted by extensive research, learning, and attendance at seminars to master the industry.
In terms of competition, the business faces several well-funded rivals in Oklahoma, notably Leo Kingston, who possesses considerable capital and influence. However, Franks Investings LLC believes its competitive edge lies in a robust work ethic. The owner’s military background instills a belief that success requires hard work and dedication, setting them apart from competitors who may not share the same commitment.
-
General Information
Business Registration Number: 3512818941
Location: Oklahoma City, OK, United States
Length of Operation: 1
Number of Employees:
Annual Gross Income:
Annual Gross Expense:
Open to Loans: YES
-
Funding Usage
Most of the properties require a earnest money deposit or my hard money lenders require at least 25% down of the property including repairs. I simply do not have enough equity in my business to put that down.
-
Business Plan
I plan to grow my business exponentially in the next five years. Growing in knowledge and networking to the point where I am flipping 3-4 homes every 3 months. I am motivated to the core. I have spent hundreds of hours reading and learning the trade of the business. Countless hours at seminars. I am ready to make that leap toward a better future for me and my family.
-
Self Identified Competition
There are quite a few competitors with large amount of cash flow in Oklahoma. Any one of them is a top competitor. If I could name one it is Leo Kingston. He has hands everywhere with the capital to do as he wishes. I am different because of my work ethic. Most people sleep in or take the weekends off. Not me. Being in the military taught me that if you want something, work for it. Nothing comes for free and nor should you expect it. The reward comes after the work.
-
Contact Applicant
Subscribe to our Administrator Dashboard to gain full access to this application. Learn More
