We have a North Carolina based LLC organized to buy my house in Paris, France. The house currently hosts a start up church.
I have prepared a PPM, a subscription agreement for US and non-US persons, as well as an operation agreement for the LLC. We will rent the house from the LLC and pay $3,000 per month in rent to the investors, to be paid at the end of the term.
We also have a fund at a local church in North Carolina for those who would rather make a tax-deductible gift to help the purchase of the house.
We have raised $500,000 and are looking for $700,000 more.
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