M&K Rental Homes LLC | Application Preview
M&K Rental Homes LLC is applying for government grants to secure funding for tools and equipment necessary to purchase and renovate its first home at auction. The business plan involves buying auctioned or foreclosed properties in Houma, LA, refurbishing them, and converting them into rental units. The initial grant will serve as collateral for future investments, allowing the company to gradually rebuild homes in the community.
The funding is positioned as not just an investment in the business but also in the recovery of Houma, which suffered significantly from Hurricane Ida. The owner expresses a deep commitment to revitalizing the area and fulfilling a lifelong dream that was hindered by health issues.
In terms of competition, M&K Rental Homes LLC acknowledges that the primary rivals are individual property owners who manage a few rentals. However, the company aims to stand out by offering luxurious homes at affordable rental prices, with all rental income reinvested back into the business. The vision is not only to establish a successful venture but also to create opportunities for future generations, with aspirations for expansion beyond the local area.
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General Information
Business Registration Number: 87-2841571
Location: Chauvin, LA, United States
Length of Operation: Just started
Number of Employees:
Annual Gross Income:
Annual Gross Expense:
Open to Loans: YES
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Funding Usage
The funds would be used for tools and equipment to start and buy my first home at auction and then the supplies to fix it.
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Business Plan
My business plan is to buy aution or foreclosed homes here in my hometown, fix them, and turn the property into rentals. After I get the funding for the first invest I will have collateral for more and I can rebuild homes one by one here. Investing me would also be investing in my hometown of Houma, LA that was hit hard with Hurricane Ida. This is a lifetime dream that got interrupted by my illnesses. I believe this would be a perfect opportunity to jump back in.
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Self Identified Competition
The only competitors I know here are private people that own a few rental properties of their own. The difference between my company is it will be luxurious homes for down here at a renters price. All the money that we receive for rent goes back into the business. I want this venture to expand beyond myself but also for my generations beneath me with rentals all over the world.
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Contact Applicant
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