Home for a Vet
Organized by: Donald Kelsey
Here at Home for a Vet, we work to get our displaced military veterans into newly freshened properties, which we buy from the housing industry's vast inventory. The single family homes, we purchase need only light to medium or cosmetic fix up.
Once the property is prepped properly, this allows Home for a Vet to reach out to the governmental agencies we have a relationship with, to house their veterans in our homes.
Once we obtain the initial two properties, through this Home for a Vet fundraiser, the program will be self sustaining. We will be able to buy more housing within two months of the initial launch of our program, the aforementioned Home for a Vet. Let me give you an overview of the program.
With the initial seed money, we can get this venture underway:
• We acquire a minimum of two properties.
• We don't buy houses in the "war zones," so to speak.
• We check any area before purchase, with the local police departments, to establish the safety of the neighborhood.
• The homes we purchase are always on public transportation routes, and within shopping districts.
After purchase, this is where the spit shine comes in. Window pane replacements, small drywall fixes, light plumbing, replace a few fixtures (if necessary), vacuuming, mopping, sweeping, painting, etc., is just a small part of the process we utilize to get our veterans into the comfortable housing, they deserve. Once the home is ready, various government agencies are ready to place the still proud former protectors of our country, into Home for a Vets' freshened housing stock.
Home for a Vet would use up to $10,000 to buy a minimum of two properties, that fit our criteria, and as many five using the same amount of stipend. The remaining monies are used to cover any closing fees, permits (if needed), deposits, filing fees, copies, faxes, mail costs, and any other items that produce costs. So depending upon the price we would have to pay for any particular house, we can purchase as many as five houses.
The Home for a Vet program is self sustaining, after the initial fund raising, and our program is not complicated. Now, here is an overview of how the Home for a Vet program works, to become self sustaining.
Here's the deal: The properties we buy are undervalued and priced way, way below market. Our offers on the properties are accepted because we are offering cash. In general, the price of a house can always be whittled down with a cash offer. That makes it easier for Home for a Vet, to purchase. The bank wants to cash out and get that property off their books, so they can move on and loan out more money. That's why Home for a Vet can pick up good housing, nationwide, at a low price point.
Now, after the governmental agency has helped Home for a Vet move in our military's finest into their new home, we do a partial sell on the note that secures the property. This method raises the cash to buy the next two or more properties. This partial sell of the note is how we raise the cash to buy more low cost housing, and is how this program becomes self-sustaining, after the initial fund raising.
This is not a "secret" way of providing housing. This is not an under the table way of funding a housing project. More city and state governments should adopt this method, or some form of it, to provide housing for their homeless communities. However, government tends to add miles of red tape, bureaucracy, and months to bog down any venture that may benefit a segment of society. We like our method, much better.
This model can be followed by any individual or business entity. We honestly don't understand why there aren't others stepping to the plate, and helping our military veterans, and even functional special needs people, that need our help.
Home for a Vet feels that housing is the very least that America, whether government, business, or private citizens, can help provide for the former protectors of this great country we live in, America.
We intend to give our business model exposure, and help to any person, place, or thing who chooses to do what we are doing.
I am Donald Kelsey