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MenuWould this be a good place to get funding for a tiny home community development?
I'm looking to develop a tiny home community consisting of 4 tiny homes. I own the two lots and could use them as collateral. I also have amazing credit without any debt. I would rent the homes. I've done a test ad to feel out my market and it seems like it will be a huge success! I would prefer to maintain ownership of this community.
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I actually just came across this article from Real Estate Crowdfunding Platform Patch of Land about how tiny homes are going to be very innovative and popular: https://patchofland.com/blog/growing-communities/2015/01/28/innovation-online-residential-real-estate-investing-patch-of-land/. In terms of the funding, Patch of Land focused on the debt side of the equation and usually focuses on fix / flips. You might be better off trying to raise equity for this type of construction through real estate crowdfunding avenues. Have you looking into those avenues for your funding?
I am doing something very similar right now with shipping containers. Personally, I don't think you should try to raise start-up funding for a business like this. If your credit is great, a small bank loan is all you need. People do this all the time and you're at an advantage because tiny homes are so cheap! If you don't want to take a loan, start looking locally and network with a developer in your area. They may have the Capitol and could be interested in a project like this (that's what we did).
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Can anyone help me launch an online equipment rental marketplace?
To launch an efficient online equipment rental marketplace the best option is to connect with a development companyor rental marketplace that specialises solution providers. There are a number of specialised software solutions to set up an equipment rental marketplace. Yo!Rent is one such rental marketplace solution that can help you launch an online equipment rental marketplace. Considering the fact that it is a rental business specialised solution it offers must-have features like - Multi-Vendor Functionality - Powerful Mobile Apps - Renting & Selling Option - Real-Time Stock Availability - IntuitiveUX design - Customizable System - Multiple Revenue Channels - Smart-Review Management - In-Built Analysis & Reporting If you are looking for any software that can help you develop an efficient online equipment rental marketplace I would recommend Yo!Rent (https://www.yo-rent.com/?=pc ) as it is a market-ready solution, specially designed for rental business, offers customizations, no recurring charges and you can rent as well as sell some on this platform. To gain some valuable insight about the equipmental business, recent innovations, key features, business model and key differentators I recomment you to go through the shared article that will help you understand the equipmental business better ( https://www.fatbit.com/fab/online-heavy-equipment-rental-marketplace-innovation/?=pc )PC
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What is the Best Solution to Launch an Online Marketplace for UAE Based Equipment Rental Business?
I think it is possible to launch a rental eCommerce store for construction equipment business but it is not that simple. It depends on the approach you take. Not many people are aware of this but there are some rental marketplace solutions already available in the global market that can be used to launch online rental stores.In UAE, launching an online rental store for heavy equipment is a lucrative idea considering the increased construction activities in the region and 3.3% CAGR of the heavy equipment rental industry in 2018-2024. When you create a website from scratch, especially for a unique type of business like a rental ecommerce store, it requires advance planning, including finding a feasible business model and developing an MVP. On the flip side, the benefit of ready-made marketplace solutions is that their feasibility is already proven. They don’t require excessive research and resources and limit the business establishment journey to a mere sell and buy transaction (that’s if you don’t require customization). The business model of a construction equipment rental store would be something like: - A visitor adds your equipment to the cart - Selects the rent duration and pays rent + security deposit - Returns the equipment after using - You deduct the damage amount from security and return the money I did a little research to educate myself better and found a company that is doing the same thing you are looking for. Tenderd is UAE-based company that deals in construction equipment. It does not sell the equipment but only lends. Tendered was launched in 2018 and was able to raise $5.8 million seed funding with more 3000 equipment to rent within a year of its launch. If Tenderd fascinates you then Investing in a white-labelled rental marketplace solution(https://www.yo-rent.com/) and rebranding it is a very reasonable option to get started with your online construction equipment rental business. It also comes with the following benefits to resolve various pain points of a business owner: * They improve your online visibility, do branding, and build trust * Provide access to a larger audience promoting long distance business operations * Streamline payment processing and management via third-party integrations * Increase price transparency facilitating a competitive advantage for the marketplace owner * Provide passive income streams like PPC ad campaigns, paid featured banners, affiliate marketing and monthly subscriptions * Easy to market via social media channels, Search Engine Optimization, and email newsletters Hope you liked my answer.BK
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How can I find partners to fund a home construction business for flipping revenue purposes?
I have built spec houses, built tract houses against contracts, renovated houses and flipped houses. One way to fund projects like this is a rich partner or partners who puts up collateral (like an LC) so that you can borrow to complete your projects. If the first one is successful, you would be surprised how easy the second one is to get funded. The profit sharing is negotiable-it can be anything form 50/50 to 20% to you the promoter. If you would like to discuss this further, please feel free to get in touch.AC
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What are some safety precautions you've seen in the construction space?
One increasingly more common construction safety measure I've seen edge protection more commonly used on sites. https://australianscaffolds.com.au/scaffolding-for-sale/edge-protection/FY
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what is your biggest pain when building a vacation home away from home?
As per my personal experience the biggest pain is time and resources management, for example internet connectivity meetings in between of journey. You can feel free to call me for more detailed answers.NS
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