Investor, Entrepreneur, Educator · Springfield, MO · Member since 2009 · 21k+ posts · 12k+ votes
This is an open discussion about non-profits providing or facilitating special needs or specialty housing, yet doing so profitably for those who operate the housing services. This has basically arisen out of another thread.
I'd like to know who is doing N/P housing, what is the niche filled by the service and how are you structured.....tell all you can.
Most of you here know that I prefer not to talk much about my holdings. What people don't know you have they can't go after. I'm involved in several nonprofits. I am both employed by several as well as have arrangements with them.
You have a lot of flexibility on your arrangements.
Donations to nonprofits work out very very well.
If you donate a property and receive a rather large deduction. This is helpful if it is a property that could take a very long time to sell.
The member/donor page of our Web Site explains how we are structured as a non profit to some degree. We operate like most property management companies but, we do not charge a management fee. Management is a benefit of membership, we ask for 10% of rental income. However, contributions are not a requirement of membership, and most of our members contribute that about, and some even more
Web Site id www.hamiltoninvestmentschdo.com, please log in, and learn more about how our community housing development organization works or just call the phone number provided. We are a 24/7 operation. Call anytime.
I've been working in the legal industry for 30 years and still found this chart impressive.
Note: it was designed by a religious person. Instead of "God Foundation" I would suggest "Non-profit foundation" as religious involvement is not required.
The website hosting this chart will come down soon (from what I've heard) so I suggest printing it or saving as pdf for later perusal.
I'd love to read some comments by some of the power posters in this thread. TIA!
I am very new to this field. I'm still in the research/learning phase. I was originally thinking of starting an LLC for Rentals. During my research I discovered a lot of Investors do not Incorporate because it's more difficult to get a mortgage or the down payment is higher than if it's in an individual 's name. My question is, will a Nonprofit have the same difficulty with the banks? What are the Pros and Cons of getting a loan/mortgage as a Nonprofit?
Hello, first I want to thank you all in advance for any advice you are giving me. I have a couple of questions and I will try to make them as pin point as possible.
I have an idea or dream..for about 9 years now that I have been putting off for many reasons. I dream of creating a Property Management company that specializes in community turnaround services and quality of life improvement for low and middle class tenants. I am a somewhat blessed now but growing up I lived in projects and low income neighborhoods. I was never a bad kid but I have friends that are still there...good people, bad situations. I want to do something about it now.
So the questions.
If I was patching to a property owner about why they should take my non profit company over a for profit. In your opinion, what would be the best route?
Secondly, I saw in a non profit forum, someone said something about a property owner leasing to a non profit...how does that work?
Thank You again. PS I know I'm a little late to the forum but it's been great information.