Have you ever wanted to be a real estate developer? But maybe you don’t have the time or experience to develop a new property from start to finish on your own…
Gatsby Investment’s new built-for-you development offering gives you the satisfaction and financial benefit of being a real estate developer without the hassle of being a developer!
What is a Built-for-You Development?
Gatsby’s built-for-you projects are developments that you own and control while Gatsby does all the work on your behalf.
We manage the entire acquisition and construction process for you while you retain full ownership. When the development is completed, tenants are moved in, and the property is stabilized, we step back, turning the completed, fully occupied property over to you.
This unique opportunity allows real estate investors to enjoy the benefits of brand-new rental developments without the high price of purchasing a newly built stabilized property. You don’t need to invest any time or energy in the development. Nor do you need any prior experience, skill, specialty knowledge, or industry connections. We bring all of that to the project for you!
How Does Built-for-You Work?
Gatsby handles every detail of the project, giving you a fully passive investment experience throughout the development and stabilization of the property.
Here’s how we handle the heavy lifting:
- Strategic property acquisition. We identify prime multi-family development sites, whether raw land or underutilized lots with teardown potential.
- Comprehensive due diligence. Our team analyzes market data, including sales and rental comps, to ensure strong investment potential.
- Seamless ownership setup. We establish the LLC, draft legal agreements, and manage all necessary documentation.
- Expert design and permitting. From architectural plans to securing permits, we ensure compliance with local building codes and regulations.
- Efficient construction financing. We assist with securing a construction loan by preparing all necessary financial documents.
- Project oversight from start to finish. Our team manages the construction process, ensuring quality, efficiency, and cost control.
- Financial management. We handle fund control, construction draws, and project accounting to keep everything running smoothly.
- Property stabilization. Once built, we market the property, screen tenants, and lease-up units to ensure full occupancy.
- Long-term financing support. When the project is complete, we help you secure a mortgage for long-term ownership.
The entire process typically takes only 18-24 months, depending on the scale of the project.
What are the Benefits of Built-for-You?
With Gatsby’s built-for-you model, you get all the benefits of developing and owning a high-performing multi-family rental property, including:
- A lower purchase price. Leverage our network of real estate insiders to find off-market deals, which can typically be bought at a discount.
- Maximized property value. Ground-up construction allows you to add value at every stage, from land acquisition to completion.
- Superior ROI potential. Developing a property yields higher returns than purchasing turn-key, and our expertise and industry connections help you secure discounted rates on labor, materials, and real estate fees to optimize your returns.
- Favorable loan terms. Our relationships with local lenders can earn you lower interest rates.
- Exclusive ownership. You retain 100% control over your asset, without splitting equity or decision-making with other investors.
- A favorable property tax basis. Newly developed property’s taxes are based on the purchase price plus construction costs. This results in lower annual property taxes than purchasing an existing property at a higher cost.
- Expert oversight from start to finish. Our team navigates every challenge, ensuring a smooth and successful development process.
- Completely hands-off investment. We oversee every step of the development process, so you can focus on other priorities while your property is being built.
Who Can Invest in Built-for-You?
Our built-for-you developments are exclusively available to individuals and corporations that meet specific financial and legal criteria. To participate, you must:
- Be an accredited investor. In accordance with SEC regulations, investors must meet specific net worth or income thresholds to qualify as accredited investors before partnering with Gatsby in a built-for-you development.
- Provide proof of funds. You’ll need to demonstrate sufficient capital to cover the full investment amount, ensuring the project is fully funded.
- Qualify for long-term financing. After construction is complete, you must secure a mortgage to finalize ownership and transition into long-term holding.
How to Invest in a Built-for-You Project
We believe in full transparency and simplicity when it comes to investing. Every essential detail is readily available on our website, giving you the confidence to make informed decisions.
Before committing, you’ll have access to comprehensive project insights, including:
- Property details: Address, building plans, and unit specifications
- Timeline: A complete development schedule
- Financial breakdown: Estimated costs, projected returns, and market comparables
Once you’ve completed the qualification process and selected a project, placing your investment is simple. Our website guides you step by step, ensuring a seamless and hassle-free experience.
Have any questions about built-for-you developments? Schedule a call with a Gatsby representative today to discuss your investment goals and how we can help you achieve them!