I am looking for investors for a 12 plex apartment building to be built in Piedmont SD The total projected cost of the unit is just over a million, but only looking for $500,000 in investors.
I have already purchased the property here in Piedmont but am trying not to get funding from South Dakota Rural Housing, to many rules and regulations to deal with. this is a excellent opportunity for the small guy to buy into a project. We are looking at an investment for as little as $1,000 . For each one thousand dollar investment you will have one vote as to the way funds can be distributed back to the investors, or you will be able to leave your money with the company and earn a montly dividen once the project is completed. We are looking on of two repayment options, 1) at an 8% return on all funds from investors or 2) you will receive a monthly dividen from the monthly rental of the units them self.. Or after we have completed the project and funds are available you can be cashed out. I will only be selling 49% of the total shares to an outside entitiy. Please call me for more detailed information. I am a realtor here in the Blackhills of SD and have been for 8 years. I was a Contractor for 35 years prior. I could get financing from the bank but thought this unique opertunity would be a win-win for both the small investor and myself. Again please call me or email me with your contact information, this is not some get rich quick scam, I have a sping ground breaking deadline that I would like to meet. This apartment building will be for 55 years and older and will remain on those terms, our area is in dire need for this type of houseing. Take care and hope to hear from you.... 605-484-4585