RealtyeVest has a stake in all real estate investments offered in our marketplace.
RealtyeVest has obtained exclusive rights to an investment opportunity for accredited investors, REV Avenida Martinez, LLC . a Florida limited liability company (the “Company”). The manager of the company is RealtyeVest, LLC, a Florida limited liability company (the “Manager” and organizer of the company).
The Company has been formed for the purpose of providing investors the opportunity to invest in the acquisition of an existing Single Family home located at 53245 Avenida Martinez La Quinta, Ca 99253 (the “Property”).
This A-Class Stock offering is available with an annual 10% preferred return. Additionally, the sponsors are offering investors a 20% waterfall participation on all free cash flow based on their pro rata share. Investors can expect the 8% preferred return to accrue annually. The total raise amount will be $94,500, the minimum investment amount from each investor will be $10,000. RealtyeVest will be paid a fee of $4,500 from the raise. Investors will earn a 10% annual yield on $94,500 while the sponsor will pay 10.5% on $90,000 net investment.
The renovations required will cost approx. $150,000 which will make the home completely brand new inside and out. the home has 5 bedrooms and 4 bathrooms. It has cathedral ceilings, a fireplace, a large office/den area with a closet so it can become another bedroom if needed. The list of renovations are: new kitchen and bathrooms, all new appliances, new flooring throughout, new switches and outlets, new hi-hat lighting, new interior doors throughout, all new baseboards and door trim, 3 sets of new sliding glass doors to the private patio and pool area, new “cool deck” resurfacing around pool, new pool tile and “complete new pool resurfacing,(diamond brite”). The entire property will be completely re-landscaped with a desert look, low maintenance design, new aluminum and glass garage doors, new exterior lighting, new entrance doors with sidelights, new air-conditioning, new pool equipment with heater, etc.
Once renovations are completed the home will be listed for sale at $850,000. a “bpo” or broker’s price opinion is supplied with this offering by the largest residential real estate brokerage company in the Coachella Valley… Capitis Real Estate, which employs more than 150 agents. The owner and head broker for the company, Mr. Fred Wilson will be handling the eventual sale of the home personally.
The offering materials to be reviewed and considered by investors with respect to this offering include the information described in the website content relating to this offering (as amended and supplemented through and until the closing of the transaction) and the subscription agreement relating to such securities (see the "Documents" tab). We refer to all of this information collectively as the "Property Information Package". Investors should review the Property Information Package in its entirety before investing and should consult with appropriate legal, tax, and investment advisors. Please note that RealtyeVest is not serving as your fiduciary or advisor with respect to this opportunity.
Below are certain risks associated with this investment that should be carefully reviewed prior to any investment in this opportunity:
Forward-Looking Statements: Investors should not rely on any forward-looking statements made regarding this opportunity, because such statements are inherently uncertain and involve risks. We use words such as “anticipated,” “projected,” “forecasted,” “estimated,” “prospective,” “believes,” “expects,” "plans,” “future,” “intends,” “should,” “can,” “could,” “might,” “potential,” “continue,” “may,” “will,” and similar expressions to identify these forward-looking statements. Similarly, the financial forecasts contained herein and in any other offering materials are based on numerous assumptions. Although these assumptions are believed to be reasonable, they are all subject to uncertainty. Non-Transferability of Notes: The transferability of the Company's Notes is restricted both by the subscription agreement for that entity and by U.S. federal and state securities laws. In general, investors will not be able to sell or transfer the Notes. There is also no public market for the Notes and none is expected to be available in the future. Moreover, although there is a defined redemption date for the preferred equity investment in the Fund, an extension option may be exercised and in any event, there can be no assurance that the investment will be liquidated at or promptly after such maturity date (as it may be extended). Persons should not invest if they require any of their investment to be liquid. This is particularly important for persons of retirement age, who should plan carefully to assure that their assets last throughout retirement.
Real Estate Market Risk: Investments related to real estate are subject to market valuation risks that may be caused by changing economic and local market conditions such as local real estate market conditions, prevailing interest rates, the rate of unemployment, the level of consumer confidence, the value of the U.S. dollar, energy prices, changes in consumer spending, the number of personal bankruptcies, disruptions in the credit markets and other factors. Such conditions are beyond the control of the Company and of the Fund. Real estate markets are affected by many factors, such as general economic conditions, supply and demand for real estate investments, interest rates, the availability of financing, and other factors, all of which are beyond the control of both the Company and the Fund.
Borrower Credit Risk: The Company’s obligation to make payments on a Note will not be guaranteed for the length of the term corresponding to the borrower’s loan. The Company (and thus investors) will be relying on the borrower for the execution of its business plan in a way that enables the sponsor to repay the principal of the corresponding borrower loan. The borrower may not have a significant record of performance and may be unable to sell or refinance the underlying property in a way that enables the borrower to fulfill its obligations under the corresponding borrower loan. The borrower loan is being made with respect to a property that does not generally meet the financing criteria for conventional mortgages from institutional sources. Credit risk is inherent in the mortgage lending industry, and there can be no assurance that the creditworthiness of the borrower will be sufficient to assure the full repayment of the underlying borrower loan. The Company does not guarantee payment of the Notes or the corresponding borrower loan, and the Notes are not obligations of our borrower.
Mr. Moskin started his real estate career in Morristown, New Jersey where he was born and raised. He obtained a bachelor of science degree at Fairleigh-Dickinson University in Madison, NJ.
He became a licensed real estate agent in 1984 working with a large new york brokerage company, Williams Real Estate. He worked for two years in the NJ branch office where he generated over $300,000 of commissions in his second year in the industry. At that point, he left Williams and started his career as an owner of small retail, and office properties in NJ. They were identified as undervalued deals and once renovated sold them for profits from $400,000 to $1,000,000 each in a year’s time.
In 1995 Mr. Moskin moved to Boca Raton, Florida where he received his broker’s license. Within the first 5 years, he acquired more than $100 million of mixed types of investment real estate in South Florida. He continued to purchase, renovate, re-tenant, manage and sell many properties for profits in the multi-millions of dollars. He syndicated his acquisitions by bringing in investing partners for the required seed capital and secured financing from many institutional lenders such as Intervest National Bank and Goldman Sachs.
Mr. Moskin generated many millions of dollars of profits for himself and his investing partners. The market sustained a major downturn in 2008 which many people got trapped in. The entire world went into a major recession/depression so for about 5 to 6 years business was difficult.
In 2016, Mr. Moskin and his wife decided to move to California to be close to their three sons who reside in Los Angeles. After spending a year in San Clemente and finishing a major renovation project there, he decided to move permanently to the Coachella Valley where he had been vacationing on weekends. In December of 2017, he and his wife moved to La Quinta permanently. The desert became their first love and they decided to get into the “short term rental business by purchasing upscale single family homes for both short and long term rentals. The market here is extremely strong because of the many “world class” events that take place every year here in the Coachella Valley. It is estimated that each year the various events bring approx $110 million of revenue to the valley.
Millions of people from around the world attend the various events. It is his intention to acquire as many homes as possible each year to constantly increase the portfolio of investment properties and generate as much profit as possible for himself and his investment partners. One would be very smart to invest with Mr. Moskin because of his extensive knowledge and experience in the industry for 32 years. His track record speaks for itself.
|Property Address||53245 Avenida Martinez La Quinta, CA 99253|
|Property Type||Single Family|
|# of Bedrooms||5|
|# of Bathrooms||4|
La Quinta is a medium-sized city located in the state of California. With a population of 40,956 people and ten constituent neighborhoods, La Quinta is the 212th largest community in California.
Housing costs in La Quinta are among some of the highest in the nation, although real estate prices here don't compare to real estate prices in the most expensive communities in California.
La Quinta is a major vacation destination. Much of the city’s population is seasonal: many people own second homes and only live there part-time, during the vacation season. The effect on the local economy is that many of the businesses are dependent on tourist dollars, and may operate only during the high season. As the vacation season ends, La Quinta’s population drops significantly, such that year-round residents will notice that the city is a much quieter place to live.
La Quinta is a decidedly white-collar city, with fully 85.41% of the workforce employed in white-collar jobs, well above the national average. Overall, La Quinta is a city of sales and office workers, service providers, and professionals. There are especially a lot of people living in La Quinta who work in sales jobs (15.28%), management occupations (14.34%), and office and administrative support (11.36%).
A relatively large number of people in La Quinta telecommute to their jobs. Overall, about 7.65% of the workforce works from home. While this may seem like a small number, as a fraction of the total workforce it ranks among the highest in the country. These workers are often telecommuters who work in knowledge-based, white-collar professions. For example, Silicon Valley has large numbers of people who telecommute. Other at-home workers may be self-employed people who operate small businesses out of their homes.