DRASK VENTURES L P is a newly established business program to raise $600,000 or $60,000 each from 10 passive accredited investor partners to purchase 3 waterfront lots in Leesburg area Florida and place thereon 3 pre fab tiny houses 2-3 bedrooms used to generate a weekly rental income. "If you build it they will come." After exploring the area and seeing its attraction for vacationing, and localized rentals from airBnB ,the area is very suitable to attract a steady flow of vacationers especially that enjoy fishing & water activities, as we will supply an optional boat. Also within 30-40 minutes is THE VILLAGES and MOUNT DORA as both are very big attractions in the area.
Both General Partners have experience in operating rental properties and in building construction and are planing to reside in the area. One lot has been negotiated and under a lock up until April 1st. We will cultivate the grounds and build a dock soon as all permits have been acquired. By summer 2023 we will be generating income from our 1st location with our 2 and 3rd under development. We will acquire all 3 lots intending the financing on a 7 year owner take back mortgage as we have on our first lot. (8% Mortgage). We also intend to purchase our 3 units (1200 Sq Feet min required) for all cash which will be sold by our 9th year, the limit of this venture, Our well established CPA, Accounting and Business consulting firm in Orlando will be guiding our success and growth. Our CPA Firm: Howard, Howard, & Hodges CPA's- Orlando Florida
The Partnership beginning year 2 will be remitting quarterly interest of 9% to all LP's.
Kindly find attached our Business plan which is detailed and will also give you photos of our first intended property and of the construction idea intended.
We expect to be fully funded within 30-45 days (by mid March 2023).
We welcome your interest, questions and participation and look forward to hearing from you. NOTE: Only ONE unique LP for each 5% interest.
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