God Likes Real Estate

[Carmen Curren]

Good Morning All!

I’m excited to share that the early stages are underway on a project for transitional housing in central Oklahoma unlike anything that’s currently available in the area.

I would love for other professionals and people with more experience to nit-pick the scenario that we have so far so that we can work out any kinks we haven’t thought of already.

Please share your 2🪙 (cents), and don’t be scared to be honest!

A small cluster of around 6-10 single family homes of around 1200 SF, 2 bed 2 bath each

•The land is currently owned by myself and my parents who envisioned this idea.
•Every 4 or less structures would be owned by different LLC entities composed of "Sponsors" or Investors who would fund the construction and own the structures. This is to bypass fair housing regulations which is necessary in order to lease the houses to specific programs. They can even get a return on their investment just like a normal rental property. Of course that wouldn't be the main motivation for investing, so the return would reflect that.
•These programs of various types would own the rental lease for whichever houses they want, and be responsible for rent payment, which would be as low as reasonably possible. This ensures they are able to use these homes for their victims/clients.
•Now we can offer people a clean, safe, normal feeling environment to rehabilitate themselves and their families after enduring such life changing events as domestic violence, homelessness, drug addiction, you name it.
•Alongside Christian based counseling, we also plan to use growing food and caring for livestock as on-property work incentives that are known to produce positive mental health results.

Right now we’re in the process of sketching construction plans to present to the city for rezoning.

What do you think?