Robert buys duplexes for $140,000 each, paying $70,000 per unit. He projects $11 million in gross proceeds from selling all units through his company Titan 23, which also acts as the lender. The strategy avoids the cost constraints of tiny-home projects.
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.
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