Single Family Homes
Building single family homes "for sale" as well as "for rent" will be the bedrock of what we do. As a proptech, we intend to help all Americans, who want a small starter home, afford one. One of the goals is developing 5,000 homes yielding $500,000,000. To achieve this benchmark, Gilmore Homes will sell for $99,900 and rent/lease for $999 per month, for a new 3 bedroom, 2 bathrooms, living/dining/kitchen combo, around 810 square feet, total electric. Through Gilmore Loans, our fintech, our company will finance our homes in-house, over 5, 10 and 15 years ONLY. The goal is to ensure that consumers can afford the homes as well as stay in the homes. With 3.5% down, 3% interest (regardless of credit*), over 15 years, our $99,900 mortgage notes will be $550 plus $245 interest per month, totaling $795. As a company, the first phase involves building 1 to 1,000 homes as rentals in Atlanta, Georgia, and around the United States.