Success Investment Ventures
In 1999 at 25 years old I decided to leave the rural community of Clifton Springs and purchase a vacant house in Rochester New York. After a year and a half of being in the flower city I noticed opportunities to continue investing in houses that have been discarded by absentee owners or broken down landlords.
As I purchased more properties it was necessary to bring more hands on to the housing projects I had/have going. I relied on local people who did or do not have formal employment for whatever reason. Over the past 12 years neighborhood people in need have bent to my will and provided labor to refurbish quality, safe, functional housing for working-class people and individuals/families transitioning from social services. SSI and SSD tenants are also in my housing stock.
At this stage in my life and in my investing career Ive develop the skills needed to guide employment challenge people into gainful employment or independent contracting businesses.
For more insight into what we have done please visit my business page on Facebook (https://www.facebook.com/sivpsc/?pnref=lhc)
This loan is special because:
More about this loan
I provide housing for working class people and individuals/ families transitioning from social services. I started my business in 1999 mortgaging my own home and leveraging off credit cards to purchase one house at a time as. Now I have 9 houses totaling 16 rental units. I employ people to work with me based trust that may have had past issues that make it difficult to get hired in traditional jobs. I have been successful in coming long term relationships with tenants that would normally be vagrant. I am most proud that my wholistic approach is not only socially responsible, but makes my business more viable. This approach has resulted in long term tenancy and a reliable work force.
What is the purpose of this loan?
A loan of $7000 will allow success investment ventures to form two separate LLCs so two new business entities can be formed. With this Kiva loan I’ll be able to afford liability insurance allowing my team to enter the retail home improvement market in the Community they live in and surrounding communities. I will promote them in the rental market and to local homeowners with the goal of creating private contractors within a year of formal employment with Success Investment Ventures. I have developed and informally tested the skills needed to do all the above. Im just looking for a financial boost to create the necessary entity for us to work within and cultivate.
Break down of funds:
Success investment ventures 196 DPA LLC. Creation = $1400. 196 Driving Park Ave. is where the office for Success Investment Ventures / Property Maintenance and handyman service LLC. will be located. It is an existing commercial rental property personally owned. Separation is necessary to shield the all the houses and tenants within my buy and hold portfolio from anything that could go wrong In Success Investment Ventures Maintenance and Handyman Service LLC.
Success Investment Ventures Maintenance and Handyman Service LLC. Creation = $1400
Liability and comp insurances for two Employees = $1400.
Payroll funding and setup = $2000
Professional fees for setting up automated accounting bill pay an invoice services = $800
Years in operation: More than 5 years
A loan of $7,000 helps Steven employee local people to rehab houses and train them to become private contractors within the community.