REI Real Estate Idea, Inc
REI Real Estate Idea, Inc
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Development - Real Estate Idea, Inc

Condo Project Process

  • Market Analysis: Assessing the market for potential rate adjustments in 2-3 years.
  • Location Selection: Prioritizing sales in stable areas like Korea regardless of conditions.
  • Design Efficiency: Architect designs maximally within regulations for higher unit yields.
  • Pre-Construction Preparation: Evacuating tenants, securing loans, and selecting construction firms precede building.
  • Construction Timeline: From demolition to sales planning, estimating 2 months for construction and 18 months for sales.
  • Profit Distribution: LLC organization streamlines equity-based profit distributions, excluding intro costs.

Condo Project Characteristics

  • Limited Investor Pool: Few large investors start, aiming for smooth consensus.
  • Equity Distribution: Investors retain own equity until profit allocation, with shared investment.
  • Self-Funding Commitment: Company's self-funding maximizes dedication to success.
  • Audit Approval: Cash withdrawals over $1 million require Audit's prior approval.
  • Title & Escrow Management: Third-party companies manage land and condo sales.
  • Endless Market Potential: LA City's low housing retention rate expands buyer opportunities.

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New development BY REIDEA

Barn Restaurant in Los Angeles

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