OfflineThis is my idea, I have been researching this concept for 6 months now, read Dean's books, and about ready to move forward. I have 20 years past experience in the mortgage industry and have reviewed over 30,000 appraisals in my career. Funding I see as the biggest obstacle. Any feedback is appreciated.
A Real Estate Investment Group with a conscience specializing in the rehabilitation of properties as sustainable, economical, and green structures.
Then reselling to homeowners and investors of like minded consciousness for the future, and a desire for lower utility costs. Reduce , reuse, and recycle from a housing perspective.
Echo Green's mission is to make the earth more sustainable one dwelling at a time!
The Echo Green project seeks like minded investors, buyers, and properties that meet our criteria for an eco-friendly conversion.
Echo Green intends to make a positive imprint while maintaining profitability.
* The bank gets an unprofitable asset off their balance sheet.
* The community gets a marketable property with a low cost, sustainable future boosting the neighborhood's value.
* The investor gets a higher rate of return than the traditional financial markets offer.
* The homeowner gets a green, energy efficient dwelling rarely found in the resale market that will save them money month after month for years to come.
* And of course, the Mother Earth becomes a little more sustainable.
The Echo Green is a Real Estate Investment Group with a conscience specializing in the rehabilitation of properties as sustainable, economical, and green structures. Then reselling to homeowners and investors of like minded consciousness for the future, and a desire for lower utility costs. Reduce , reuse, and recycle from a housing perspective.
problem. Our company was going to go this route until we found out how much it sucks up your profit. We are not talking solar panels either. To do green windows, paint, flooring, appliances, etc. it added $25k to our rehab. I would have to pick up properties for 40 cents on the dollar and that is just not realistic here in CA. In addition, if you live in an area where homes are super cheap, there is no value in adding those kind of features to homes that are in low end neighborhoods. If you really want to go this route, you are going to need to do rehabs on upscale $350k plus homes for it to make economical sense. Unfortunately, our government is promoting "GREEN", but the products are just not cheap enough yet. What we are doing is using energy efficient appliances, lighting bulbs, non-toxic paint, etc. This adds a few thousand to the budget, but doesn't break it and we can say that it was remodeled with "GREEN" in mind. Good luck.
You keep working on it. I am looking at ways to make greening homes a part of my investment strategy as well.
Tankless water heaters are one way to give back to the planet and add value to homes. They cost about 33% to 50% more than conventional hot water heaters, but what an excellent way to love the Mother and move toward the 100th monkey saturation point at the same time. (For those who haven't heard of the hundredth monkey principle, simply put, it is this: By the time the hundredth monkey learns a behavior, the rest of the group will adopt it. In this context, the more folk who are exposed to tankless water heaters and other green options, the sooner our whole society will adopt them... incidentally, bringing the cost down.)
So, Brack, I am adding a couple of websites that might be helpful for other low-cost green energy ideas.
Also, I am actively seeking a geothermal exchange guy to partner with here in Michigan so that we can get the cost of installation low enough to make it cost effective for my rehabs. So, if anybody knows someone....
http://www.power4home.com/index.php
http://www.greenenergyoptions.biz/
Good luck, Brack. peace,
Dana w/ Crossroads Solutions LLC
http://www.DanaLeigh209.com
http://www.DanaLeigh209.net
http://www.ULostThis.com
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I am direct to the VP of a $100 million dollar open-ended debt and equity fund which actively writes checks to fund businesses with an EBITDA of at least $1 million a year. We fund also have access to up to $500,000,000 for the purchase of distressed real estate, specially commercial $7,500,000 and up.