REM Downey

Beds | Baths

Downey, CA

Development Status: Completed

Q4 2023 Financials

Revenue

Revenue

$84,000
Expenses

Expenses

$30,000
Profit

Profit

$54,000
Investor Pool Equity

Investor Pool Equity

30
Investor Pool Profit

Investor Pool Profit

$16,200

Project Description

Welcome to REM Downey, 2 homes any small starter family would love to call home, located in the heart of beautiful Downey, CA also part of LA County. Downey is a diverse and dynamic community full of life with established and young families calling it home. Downey prides itself with being its own full service municipal organization with 800 plus employees.\n This project entailed remodeling the 972 Sf main house with 2bd 2ba and the new construction of a 935 SF home in the back with 2 bd and 2.5 baths. Sitting on a .27ac lot, this property has 2 brand new homes ready to rent at market high rates, the design by developer will attract long term quality tenants each time its available.

Investment Overview

Estimated Project Duration

N/A

Expected First Payment To You

Sept 2024

Payout Schedule

Quarterly

Holding Period

48 months

Mortgage or Liens

$0

Liabilities

$6,000

Cash on Hand

$400,000

owner
PM Real Estate Services

Experienced real estate developer and strategic leader with a solid history of managing multi-million-dollar residential and commercial projects. Skilled in assembling and guiding top-tier teams of professionals, even under tough economic conditions. Adept at negotiating, decision-making, and project management, I deliver complex developments on time and to high standards. Proven ability in capital syndication, raising significant funds for various ventures. As a detail-focused communicator, I maintain robust investor relations in the OC and LA real estate markets.

Left to Invest

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Available for Funding: $0

956 Investors | $1,000,000 Goal

Funded!

Key Updates

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July 09, 2023

Funded

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September 11, 2023

Construction Started

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March 22, 2024

Construction Completed

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April 01, 2024

Leasing Begun

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April 23, 2024

Occupied

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Documents

Investment Packet

Detailed Investment Information

Use of Funds

Schedule of Values

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