All Forum Posts by: Brian Dwyer

Thank you @Andrew Johnson 

I am looking for recommendations for a commercial construction firm in the Greater Denver area.  A client is looking to build a basic warehouse in the range of 10,000-30,000 feet.

Design-Build is preferable but not necessary.  Also, modular/pre-fab construction is an option given the rising labor costs in the area, as long as it is high quality.

Thanks in advance, BP community!

@Jilliene H. - that is right along the lines of what I am talking about. I imagine someone out there is also thinking about doing something similar but as a time-share (I guess just new way to do time-shares). I will check out your project on RealtyMogul!

@Karen Margrave - I think to some degree crowdfunding equity is always syndication- basically offering the same deal to a whole group of people. I was thinking you would sell a unit at approximately retail, maybe with a bit of a discount but still enough to make a decent return. You still have upside potential on the units you do not pre-sell, but that comes with downside risk.

Possibly, you could use prefab (modern prefab housing can be of the highest quality) to control for costs and shorten the time-horizon of the project. Thoughts?

This is a question for you crowdfunding experts out there: Have you considered or heard about a real estate crowdfunding model that utilizes pre-sales?

For example: If I am "kickstarting" my business selling widgets, I may say "For X dollars you get a widget when once I have made them."

In a real estate deal, however, usually we are selling shares of the entity that ultimately will own the project once completed. But what if you are financing a condo project, and decide to pre-sell some of the units to the crowd (i.e. for $20,000 you have right of first refusal or option to buy a particular unit for $100,000 upon completion). You, the developer, have built in a certain amount of profit to this arrangement, and assuming you have controlled for costs, reduced the overall risk of the project. So, basically you are doing the same thing as the widgets business but at a much larger scale.

What I am asking is: What are the legal implications of this? Is this being done currently, or being considered?

Congrats!

Thank you, Shaun.

Hello Everybody,

New member living in Boulder, CO and originally from Boston, MA. I am working on a real estate crowdfunding platform, and currently finishing up my MBA in real estate at CU-Boulder.

I look forward to connect with members both locally and nationwide.