Robert buys a duplex for $140,000 and projects $11 million in gross sales. He's structuring the deal through a vehicle called Titan 23, which will serve as both partner and financing source. The strategy positions duplexes as cheaper and more profitable than tiny homes.
Are you ready to run this deal? Million on gross.
And it looks like it's going to— well, $11 million. So what Robert's doing is, is like, again, providing people because you buy this unit for— for— do you mind disclosing how much you're— how much?
Yeah, I don't care. So I buy the whole duplex. My price is $140,000. So that makes the building on 1,050 square feet $70 grand, which is— you can't do, right? You can't. And you can't do it with a tiny home like that. That's, that's the difference here.
Right. And that's— and so then when you're selling this thing and we're going to get into a little bit more of that because again, we're going to structure through Titan 23. We'd like to work with Robert on not just being like his partner on this property, but also being the bank for his end use. Right. And providing Robert with the banking institution that's going to be able to fund it. Excuse me. We talked about like what was the end goal, Robert? What like If you sold every unit 100%, what are we sitting at, like gross revenue?
Well, I'd be sitting around $11 million on gross, and it looks like it's going to— well, $11 million. Yeah, just right around $11 million.
Let's just call it— let's just call it $15 million with fees.
