My company is ElleRoc Properties LLC. I am a property investor that purchase Fix and Hold and Fix and Flip properties for the purpose of short term rentals, vacation stays and to generate income. Once a property is purchased and renovated I list the property on the Airbnb and Furnished Finders platforms. My team consist of my cleaning staff, contractors, media engineer, and my assistant. I currently have one Airbnb up and running since May 2023. The Airbnb is performing extremely well and surpassed the projected Airdna income projections within 7 months of operation. The problem I've encountered is I need more then 1 property. In order for me to obtain additional properties I will have to utilize my reserve funds which depending on the property is 20-25% for the down payment, plus closing costs. Also, once the property is renovated I have to furnish and fully stock the property. I do business in Detroit and the Metro Detroit area. In order for me to remain competitive in the business and capitalize on the momentum the Detroit market is generating I used more of my reserved funds and acquired another property which is currently being renovated. I'm asking for $50,000 to further my business. I will utilize the funds for furnishings, supplies, operating costs, and possibly to acquire another property. Winning means I will be able to accommodate the guests that I currently turn away. Additionally, winning means my business will start to see strong profits which will allow the business to sustain itself financially. I see the business giving back to the community or perhaps developing a grants or scholarships program.
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