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It’s Foldable Fire Ring and Portable BBQ Grills are Currently on Fire on Kickstarter and have exceeded their crowdfunding goal by 1025% on the very first day as Tailgaters, Backyard BBQers, Car Campers, Glampers, RVers, Boondockers and Other Outdoor Adventurers Buy New BBQ Grills for the 2021 Camping Season
Raleigh, NC – TurboTrails.com announced today that the outdoor adventure gear company has rolled out a brand new bullet proof, portable heavy-duty steel #PakPit#BBQ#Grill and #foldable#firepit#ring that measures a mere 0.56″ thick when all 4 pieces are disassembled, stacked and packed in their rough and tough fireproof traveling bag.
The PakPit, Flat-to-Pack BBQ Grills are on sale NOW on Kickster.com while supplies last for the $75 Earlybird specials at => https://buff.ly/2Qv5gzV.
Its indestructible, hot-rolled steel plates are always an instant hit with tailgaters, campers, RVers, backyard BBQers and outdoor adventurers that are tired of buying cheap thin tin grills from Walmart, Home Depot and Lowes that burn out, rust out and wear out in a single season when used on a regular basis with hot fires that cause rapid rusting and oxidation.
Each of the four pieces of the PakPit are made from hot rolled steel that are 1/8″ thick. They will get hot and even glow red, but they will not melt or degradate. They are guaranteed to last longer than your lifetime. The PakPit will l probably be the last grill you ever have to buy because they are engineered to last.
When the cooking is done. They are easy to take apart, wash and scrub if needed, and stack perfectly on top of each other into a very slim profile that measures around 5/16’s of an inch. Once clean and cool they can be slipped into their travel bag. Their slim flat profile make them very easy to store in cabinets, closets; under RV, boat, car and truck seats or in the bed of trucks, car trunks and trailers. They make the perfect gift for every outdoor adventure guide or camping enthusiast that seems to have everything.
PakPit, flat-to-pack BBQ grills make the perfect firepit for beaches, city parks, state parks and the national forests that allow for dispersed or event camping, but do not have fire pit rings installed. They can be setup in less than 30 seconds. They can burn charcoal, firewood or setup to burn propane during burn bans.
The PakPits’ unique and patented design uses three sides that resemble the pakman video game character that slide together and connect to form a triangular base that lifts the fire off the ground so that it does not leave a burnmark trace on the ground, on wooden or rubberized picnic tables, or metal tailgates when used to grill out for a large group of friends. The round grill top fits perfectly into each piece’s carrying handle to provide a large integrated cooking surface area.
Once the cooking is done, leftover coals can be dumped into a tin cooking pan and completely extinguished with bottled water. We like to lean the hot metal plates against a rock and they will be cool enough to pack up in around 5 minutes. Their travel bags are fireproof so they can be put up while they are still warm without worries.
What is size is right for you?
Most people like to purchase the large 17″ PakPat complete with 26″ stand for backyard BBQs and firepits. It is the perfect solution for backyard BBQs for large parties, birthdays and sport tailgating events and has a 12-burger-at-one-time cooking capacity. People that travel prefer the smaller 13.5″ version unless they are traveling with a large family.
Works with Amazon Alexa, Google Assistant, Apple Siri, SmartThings and IFTTT with the Hub
Energy saving
Even the most eco-friendly air-conditioning consumes energy to cool your room. We can reduce energy consumption by minimizing temperature fluctuations in your room. Close the curtains to block out sunlight to keep your room cool.
Sun light sensor for keeping the room cool
The SwitchBot Curtain has a built-in sun light sensor to detect sunlight. This can help save energy by reducing the workload on your air-conditioning and heating. It can be set to automatically close during the day time in summer to block out the sunlight and keep your room cool. You can also have it automatically open during the day in winter to warm your room with sunlight.
Save energy with the solar panel strip add-on
You can also install the solar power strip add-on to charge the SwitchBot Curtain’s battery using sunlight, thus eliminating the need to recharge the battery. Don’t worry about “charging anxiety” on the SwitchBot Curtain. Install and forget!
Leverage technology to take care of the daily routines through automation and voice control. A “Lights Off” scene turns off the light and draws the curtains brighten the room naturally with sunlight. Or you can just say it “Alexa/Ok Google/Hey Siri, give me sunlight”.
Lifestyle automated with the Schedule feature
Healthy lifestyle
Maintain a regular light-dark cycle in your bedroom to keep your sleep-wake rhythm in sync with your circadian rhythm. The SwitchBot Curtain can be set to close at night and open when it senses daylight. Get better sleep and wake naturally to sunshine.
Wake up naturally to sunlight
Anti-theft
Set your curtains to close automatically when you’re out of the house to hide your valuables from prying eyes. Can’t remember if you closed the window? Check via our app and remotely close the curtains where necessary. Or set them to automatically open at regular intervals to give the impression that someone’s home.
Your curtain keeps the bad guy away.
Adapt your existing curtains instead of replacing them. We at SwitchBot are firm believers in retrofitting your home to create a smart home instead of replacing trusty old appliances or furniture that are still in work well.
Retrofitting is simple with SwitchBot Curtain. It only takes a few seconds to make your existing curtains smart. You have to see it to believe it.
Seeing is believing
The average price of a set of smart curtains is USD $1,000. The SwitchBot Curtain is way more cost-effective at a fraction of that price. You don’t just save money with the SwitchBot Curtain, you do your part for the environment by retaining your existing curtains instead of throwing it away.
We support 99% curtains
Some smart curtain solutions only support a single type of curtains. Others are too bulky or require tedious modifications to provide a power source.
The SwitchBot Curtain supports different track types such as U-rail and I-rail, and also rod types. It is also wireless. Just clip it on and you’re ready to go. It is that simple.
We even handle that “BUMP” for extendable rods and rails
Rods, retrofitted
The round rails allow the SwitchBot Curtain to glide smoothly along the rod. Just clip on the rails and you’re all set.
For those of you who have a longer rod with a bump where the rod extends, we’ve got that figured out. The SwitchBot Curtain is not affected by such bumps.
Install in seconds
URails, retrofitted
The SwitchBot Curtain has hooks for U-rail. It is simple to attach the respective hooks to the rails.
Install in seconds
IRails, retrofitted
The SwitchBot Curtain has hooks for I-rail. It is simple to attach the respective hooks to the rails.
Install in seconds
Open and close the curtain at your fingertip. We offer intuitive App control for iOS and Android, with weekly/bi-weekly updates following feedback from you. OTA firmware update is also available for better user experience.
Intuitive UI
Smart living is powered by your voice commands. Wouldn’t it be great to just say it?
“Alexa/Ok Google/Hey Siri, close my curtain please” (Hub is required)
Even with SwitchBot Curtain, you’d probably still instinctively draw the curtains by hand some times. When it senses you drawing the curtain, the SwitchBot Curtain will kick in and do the work for you. We call this Touch & Go.
SwitchBot Curtain makes even the conventional way to draw a curtain smarter.
A wireless remote button add-on for you to place anywhere.
Hold it or mount it. Your say.
Double-sided curtains are very common and we have been getting a lot of enquiries about how to use the SwitchBot Curtain with these. You could get two units and part the double-sided curtains from the middle. Or, you could try out this tip from the King of Retrofit! Attach the top curtains with a velcro strip or a strong clip so the curtains will move as one. Then install the SwitchBot Curtain on either ends to let it work its magic!
So your next question is probably where to find a velcro strip. Good news is, we believe so strongly in retrofitting that we will ship every SwitchBot Curtain with a velcro strip in the box as a standard accessory.
The SwitchBot Curtain is so small that it hides nicely behind your curtains. It will work in its own way without getting in your way. Likewise, we keep the sophisticated mechanism within the body of the SwitchBot Curtain, giving you fast and easy installation so you can enjoy the benefits it brings.
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Crowdfunders can make blended drinks such as smoothies, margaritas, or protein shakes on the go, which is perfect for the beach, floating on the river, camping, road trips, gyms, or tailgating at the game
Orlando, FL – The Rocket Bottle Plus plans to take the blending world by storm and is planning the launch of a Kickstarter crowdfunding campaign to support its fundraising effort to fund the development and manufacturing of the new innovative portable, rechargeable blender to make blended drinks such as smoothies, protein shakes or margaritas anywhere in the world.
Crowdfunders can make blended drinks such as margaritas, smoothies, or protein shakes on the go, which is perfect for the beach, floating on the river, camping, road trips, gyms, or tailgating at the game
Rocket Bottle Plus Inventor
In August of 2015, Archie Askie inventor of Rocket Bottle Plus was stationed in Afghanistan and needed a suitable device to mix his protein drinks. With limited resources, it was nearly an impossible task to find the right blender that was portable, lightweight, and easy-to-use. Archie recognized this problem and being a warrior by body, and innovator by mind, formulated the perfect device to suit his nutritional needs. This device was named the Rocket Bottle Plus.
Rocket Bottle Plus Multiple Uses
The Rocket Bottle Plus is designed to let the user make blended drinks such as margaritas, smoothies, or protein shakes on the go. The Rocket Bottle Plus is perfect for the beach, camping, road trips, gym, or tailgating for the big game because unlike traditional blenders it doesn’t require an outlet to operate. Simply charge the Rocket Bottle Plus and use it whenever you are ready to make your favorite blended drinks.
Rocket Bottle Plus Features
The Rocket Bottle Plus sports a sleek design that is aesthetically pleasing and functional. Its rechargeable motor spins 6 blades at a baffling 18,000 RPM, and of course, it is lightweight and portable to make blending on the go a breeze. Other features are below:
Leak Proof
Odor and Stain Resistant
Easy to Clean
Holds 22oz (650ml)
6 blade blending system
Up to 18,000 RPM
Rechargeable Batteries (20 blends or 2 hours run time)
Designed in America
Rocket Bottle Plus is Odor/Stain Resistant
Surveys show that 81% of people own multiple shaker bottles and blenders, and the Rocket Bottle Plus aims to cut that number down to one for everybody. 45% of these owners replace their mixer every 6 months and 75% of these owners experienced a foul odor coming from their shaker or blender.
The Rocket Bottle Plus will be the last blender bottle you will ever need, serving as a mixer that also blends ice, fruits, and vegetables. With its odor and stain resistant design, you will be able to drink in comfort without the foul smell of previous mixes.
Overall, the Rocket Bottle Plus will eliminate the need for fragile shaker bottles and bulky blenders leaving you with more money in your pocket to buy more nutritional supplements, take a vacation, and/or spend quality time with your loved ones.
The Rocket Bottle Plus is poised to take the blending and nutritional world by storm at an affordable price. Rocket Bottle, LLC is allowing early supporters to take advantage and is offering exclusive prices and rewards via his Kickstarter campaign that is coming soon.
Google search “Robert HoskinsCrowdfunding PR” to see why Mr. Hoskins runs one of the industry’s foremost crowdfunding PR, social media and marketing agencies that has amassed a huge social media following and is dedicated to supporting a wide variety of donation, rewards and equity crowdfunding campaigns.
GoSun is introducing the world’s first fuel-free solar powered grill, utilizing energy from the sun to bake, boil, fry or steam a meal for six in less than one hour, at the Metropolitan Pavilion during CE Week 2017, July 12 and 13 in New York City
New York City, New York – In order to expand its clean-tech business, the GoSun outdoor solar grill is undertaking an equity crowdfunding raise with the assistance of SeedInvest that for as little as $500, anyone can own a piece of GoSun and its solar powered future. GoSun will be tapping is growing crowd of customers to support its crowdfunding campaign with more 11,000+ stoves sold in +60 countries, and major distribution agreements signed with major retailers such as ACE Hardware, Brookstone, Cabela’s, REI, Home Depot and in third world countries where there is no electricity, propane or natural gas to cook with.
GoSun is introducing the world’s first fuel-free solar powered grill, utilizing free, green solar energy from the sun to bake, boil, fry or steam a meal for a family of people six in less than one hour
GoSun’s line of innovative solar cookstoves can bake, boil, or fry almost anything, just by using the power of the Sun’s solar energy. It’s clean and safe: there are no fossil fuels or wood, no smoke or emissions, no hot coals, no open flames, no explosive gas, and no grease or soot, which are major detriments in many undeveloped countries.
“According to the UN, over 3 billion people, are still cooking on fuels, such as Kerosene or wood, that are harmful to their health, contributing to deforested landscapes and a cycle of poverty,” explained Patrick Sherwin, GoSun Founder and CEO. “GoSun is committed to making game-changing clean cooking devices to power the good life in both developed and developing markets. The newly released GoSun Grill is designed to provide a convenient and accessible way to cook with free, clean, green solar energy while promoting sustainability and healthy cooking.”
How GoSun Solar Stove Works
The GoSun solar stoves incorporate a proprietary vacuum tube technology that allows for fast cooking, portability, simple operation, and safe and clean cooking, without propane or charcoal. Sunlight is focused by parabolic reflectors onto the vacuum tube that converts up to 80% of solar radiation into heat that builds up to temperatures of 550°F or 288°C. Despite the high cooking temperatures, the exterior of the grill remains cool. In addition, the vacuum tube also doubles as an insulator, keeping the food hot even with clouds, or in the freezing cold conditions.
How Much Does the GoSun Solar Stove Cost? GoSun’s cookers are available online at REI, Home Depot, Brookstone or via GoSun’s website, at prices ranging from $279 to $799.
Solar Electric Hybrid Grill
“While we are excited about everything the grill can do, we realized it was lacking one capability – cooking at night,” stated Sherwin. “So we are also developing a solar electric hybrid grill that stores the sun’s energy enabling cooking at night.”
The storage solution includes a Photovoltaic (PV) panel to capture the energy during the day and an option electrical heating element to enable cooking at night. By placing the electrical heating element on the grill and leveraging the vacuum tube’s insulation capability, the hybrid grill cooks using only a fraction of the energy of an electric stove. The hybrid version of the grill will be available in 2018.
GoSun is an innovative manufacturer of solar cookers that can heat up to 550°F and cook a meal in as little as 20 minutes with no fuel other than the sun’s free, green solar energy. What started as a simple inspiration has grown into the leading name in fuel-free cooking, delivering thousands of stoves in more than 60 countries. Visit www.GoSunStove.com for more information.
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Dublin, California – After launching a crowdfunding campaign on Kickstarter less than a month ago, Wavepod Technologies now offers Homsecure, a smart device allows users to upgrade their home security systems using smart technology at a more affordable price than competitors. Homsecure allows users to stay more connected with the status of their home, and requires very little setup.
Homsecure is a smart WiFi device that connects your existing home alarms and provides alerts on your phone when you are away
“Our friends and family are already using Homsecure, all with great results!” said Sundeep Chauhan, CEO of Homsecure. “In the process, we have established partnerships locally and abroad to enable us to successfully manufacture Homsecure.”
Having a secure and safe home is invaluable. Homsecure creates an added sense of security using smart technology and notifying owners when something goes wrong. Not only will consumers feel more at ease about the status of their home when they are away, but Homsecure also works seamlessly with existing alarms. This means installation is easy and allows for all of the benefits of smart technology, without the need to replace the entire system.
Integrating pre-existing alarms ensures that Homsecure is fully equipped to keep a user’s home safe while also maintaining assurance. Leaving the home can be hard for certain people. This device is able to give homeowners peace of mind. Additionally, in case of power outages, internet connection issues, or tampering, Homsecure is computerized to send notifications immediately.
Cheaper than other alternatives currently on the market, Homsecure only requires one device to fully function throughout the entire home. Companies like ADT charge hundreds of dollars a year for the same capabilities that Wavepod Technologies has created through this device.
The team has been working extremely hard to ensure Homsecure is not only a concept, but an actual product. Wavepod Technologies has already developed both an iOS and an Android app, a cloud platform on Amazon Web Services (AWS) and successfully manufactured the final design prototype. In the process, they have established partnerships locally and abroad to enable them to successfully manufacture Homsecure.
Google search “Robert Hoskins Crowdfunding” to see why Mr. Hoskins runs one of the industry’s foremost crowdfunding PR, social media and marketing agencies that has amassed a huge social media following and is dedicated to supporting a wide variety of donation, rewards and equity crowdfunding campaigns.
The zeAC is simple, user-friendly and easy to operate and only requires refilling the tank with water every morning, which the system utilizes to create a micro-climate of stable humidity and comfort throughout through the day and night
Lanham, Maryland – The patent-pending Zero Electric Air-conditioned (zeAC) plans to raise $250,000 through its Indiegogo crowdfunding campaign to finance the project, which has the potential to revolutionize the conventional and established concepts of air-conditioning that require large amounts of electricity and leave a dirty carbon footprint. The zeAC units are a great way to cool rooms in both homes and offices while reducing the amount of air pollution being produced by coal power plants that are causing the earth’s temperature to rise.
The zeAC is simple, user-friendly and easy to operate and only requires refilling the tank with water every morning, which the system utilizes to create a micro-climate of stable humidity and comfort, throughout through the day and night
“We have researched and created a green air conditioning solution that can cool rooms without using electricity,” said Anaele Iroh, zeAC’s inventor. “The device works by absorbing vapor from the air and brings down temperature by absorption of heat. Please visit our zeAC crowdfunding campaign that is currently live on Indiegogo and buy one or more units for your home or office!”
The simple and user-friendly zeAC is easy to operate. It involves refilling the tank with water every morning. The system helps create a micro-climate of stable humidity and cool comfort, right through the day and night. The unique zeAC is ideal for use in rooms measuring 100 square feet or for larger rooms, just deploy more zeAC units.
The main component is a cylinder with micro-porous surfaces that can help control the climate. Water evaporates from these surfaces and helps cool down the air inside the room. The added benefit is that the zeAC’s plants absorb harmful CO2 in the room and release fresh oxygen, thus making the atmosphere inside the room healthy and enjoyable.
According to the team associated with developing this unique air conditioner, during the testing process of zeAC, the device cooled down room temperatures to around 27 degrees Celsius even as the temperature outside was around 35 degrees Celsius. With zeAC, users will enjoy a constantly controlled room air temperature, humidity levels, increased oxygen, reduced CO2 and reduced temperature swings reducing thermal discomfort.
The device also has a heating element that can add heat on cooler days in small amounts to ensure that the air conditioner’ main cylinder always maintains a temperature of 36 degrees. This helps bring room temperature to a steady 24 degrees. In tests conducted in winter climate of -1 degree Celsius, the humidity was around 65 per cent according to the developers of zeAC.
The zeAC can be used with a large variety of plants including Peace Lily, Money Plant, Bamboo Palm and Mother-in-law’s tongue. It also works well with popular trees like Peepal Tree, Rama Tulsi, Christmas Cactus, Aloe Vera, Snake Plant, Neem Tree, and Areca Palm.
According to the team of developers of the project, zeAC is 100 times more energy efficient, healthy and sustainable than conventional air conditioners. It can be used as an alternative to regular AC units and can be easily integrated with the décor and interiors of any room due to its small size and sleek appearance. The unit can enhance the appearance of any home or office when placed in a flower put accompanied by attractive and colorful flowers.
Google search “Robert Hoskins Crowdfunding” to see why Mr. Hoskins runs one of the industry’s foremost crowdfunding PR, social media and marketing agencies that has amassed a huge social media following and is dedicated to supporting a wide variety of donation, rewards and equity crowdfunding campaigns.
The Zenbivy Bed brings freestyle sleeping to rough outdoor environments through a revolutionary system that meshes comfort over a wide temperature range, awesome natural freedom of movement, and a soft experience that’s as close as possible to a good night’s rest on a mattress at home
Spokane, Washington– Zenbivy launches Kickstarter crowdfunding campaign to add the Zenbivy Backpacker’s Bed (sleeping bag) to the brand’s flagship Zenbivy product line. An expert in unfolding comfort for people who like to enjoy outdoor adventures in harsh environments, the Kickstarter campaign plans to merge a comfortable sleeping with plenty of room to roll around during sleep, a soft mattress and the warmth provided by restrictive, but popular mummy sleeping bags. The best news is that the Zenbivy Bed weighs only 2.4 lbs., features 700 fill-down, a temperature rating of 25-degrees, and shoulder girths of up to 76 inches.
Backcountry enthusiasts have responded well to the offering. With 22 days to go, more than 260 backers have donated more than $65,000 to bring the Zenbivy sleeping bag into reality.
New backcountry-inspired startup Zenbivy launches Kickstarter crowdfunding campaign to breath life into its flagship product, the Zenbivy Bed, to provide comfort for backpackers and outdoor enthusiasts
“Our design goal with the Zenbivy Bed is to combine the warmth and weight of a mummy bag with the ability to sleep in the same positions that you do at home. Mummy bags restrict your movement which can reduce your quality of sleep. The Zenbivy Bed allows for free movement like your bed at home, while maintaining thermal efficiency,” said Michael Glavin, Zenbivy’s deigner, who has led teams at Sierra Designs, GSI, and MSR that have won 11 Backpacker MagazineEditors’ Choice Awards.
Glavin added, “Through our Kickstarter campaign we aspire to connect and engage with numerous communities to introduce them to the brand and join the Zenbivy family, while harnessing support to bring the product to market.”
The Zenbivy Bed is disrupting the conventional way of sleeping outdoors by bringing you freestyle sleeping – a revolutionary system that meshes comfort over a wide temperature range, natural freedom of movement, and high-quality materials to deliver an experience that’s as close as possible to a good night’s sleep at home. Because it’s warm and light like a mummy bag, you can sleep comfortably anywhere – from couch-surfing to the deepest backcountry. And, when you know you have a warm, comfortable spot to spend the night, you will get enjoy a long night rest that will supercharge you to have more fun the next day.
A game-changer in the sleeping bag market, the Zenbivy Bed is designed on the foundation of comfort and moves with you when you want to move, while eliminating the chance for any draft between baffles with its innovative overlapping construction.
The two-piece design features a unique comforter that lies on top of a fitted-sheet and zips into place on top, rather than on the edges – freeing the quilt to spread out or wrap snugly around you without restriction.
So, regardless if you sleep on your stomach, back, or side, the Zenbivy Bed lets you move naturally and effortlessly for a better sleep experience during your adventures – from under the stars in the backcountry to car camping and family road trips.
Google search “Robert Hoskins Crowdfunding” to see why Mr. Hoskins runs one of the industry’s foremost crowdfunding PR, social media and marketing agencies that has amassed a huge social media following and is dedicated to supporting a wide variety of donation, rewards and equity crowdfunding campaigns.
XChime Smart Video Doorbell Indiegogo Crowdfunding Campaign Allows Homeowners to See Who’s at the Front Door or Garage Door from Anywhere via a Smartphone App
Expand Beyond the Front Door
Garages are one of the entry points for criminals, typically when home owners forget to (completely) close the garage door. With an additional Xchime unit set up in the garage, instantly view the status of your garage door from your mobile device. Open or close it with one touch from our mobile app, using the optional garage door opener kit add-on accessory. Light is also a major deterrent to would-be thieves. Integrate your smart light bulbs with Xchime to remotely turn on or off exterior lights.
Say Goodbye to Lag
Lag time is a common complaint with other video doorbells. Anyone who’s used one knows the frustration of having a 7 or 8 second delay from when someone pushes the doorbell to when you can see and hear what’s going on. Xchime’s crack team of engineers worked hard to significantly reduce lag time, getting it closer to real-time.
Fits Any Budget
Leading video doorbells range from $199 to $249. Early backers of Xchime can get units for only $129 each, making the Xchime a perfect fit for any home budget.
Xchime features also include:
HD video (1080p)
Two-way audio
Video live-view and communication
Latency (lag)-free streaming
Night vision
Wide-view angle
Cloud recording
Wide operating temperature range (-40F to 150F)
Dual power supply (16-24VAC & 12-24VDC)
The Xchime Story
Xchime isn’t your typical inventor in a garage. The company boasts experienced engineers with backgrounds from Motorola and Qualcomm, along with seed funding from Ufrate and other angel investors to the tune of $420,000. “To fit in each doorframe, Xchime uses the standard rectangular shape design similar to other doorbells on the market, but what makes it stand out from competitors is what’s on the inside,” says CEO Gary Bi. “Our team used our experience in Real-Time Communications to reduce the lag that other video doorbells have, fulfilling the promise of almost instant views of who’s at your door. And why stop there? Home security is about the entire perimeter, not just the front door. Our add-ons mean you can secure your garage and control lights through Xchime for more peace of mind.”
Google search “Robert Hoskins Crowdfunding” to see why Mr. Hoskins runs one of the industry’s foremost crowdfunding PR, social media and marketing agencies that has amassed a huge social media following and is dedicated to supporting a wide variety of donation, rewards and equity crowdfunding campaigns.
Jacksonville, Florida – Park Place Communities (PPC) is raising up to $1 million in capital from accredited investors under SEC. Reg. D with as little as $1,000 to finance new large-scale affordable home projects. The residential real estate company purchases existing mobile homes with funds raised through crowdfunding, renovates them and then sells them to qualified buyers using five-year amortized mortgages. The first round of financing will be used to renovate more than 125 units.
Park Place Communities Tapping Real Estate Equity Crowdfunding to Finance Affordable Homes
“The home buyer makes monthly payments for five years at 12-percent interest,” said Andrew Lanoie, Park Place Communities’ CEO. “This allows home buyers to purchase the mobile home for about the same monthly cost as renting an apartment.”
PPC is currently raising money via IHT Realty’s Real Estate Crowdfunding Portal. The real estate crowdfunding site helps individual sponsors raise capital for their acquisitions and will be assisting PPC’s customers in securing funds as it looks to expand its operations by acquiring an additional 15,000 to 20,000 mobile homes over the next few years.
“There is a huge demand for affordable housing right now and there are not enough parks to fill that void,” Lanoie said. “Right now, there are roughly 50,000 affordable housing parks in the United States.”
As the U.S. population continues to increase, the need for affordable housing will continue to rise. It’s simple supply and demand. In 2013, there were close to 2.3 million births added to the U.S. population, but less than 1 million new homes were constructed.
And with housing costs projected to rise by 5.4 percent from July 2016 to July 2017 — according to a study by CoreLogic Home Price Index — mobile homes are becoming a practical alternative.
“As the wage gap in the United States widens, there has been a shift towards lower paying jobs, which leads to an increase in demand for affordable housing,” Lanoie said.
According to the most recent report by the Social Security Administration, 36 percent of U.S. wage earners make less than $20,000 per year and 50 percent earn less than $30,000 per year.
“With 10,000 Baby Boomers retiring every day, 47 percent of which don’t have any retirement savings, affordable houses are their last opportunity of home ownership,” said Dan Summers, IHT Realty’s, CEO.
PPC currently owns 13 affordable housing parks in eight states with nearly 1,000 total home pads.
The company is building a $1 million mortgage pool to issue fixed-rate mortgages to buyers. It is offering a debt investment opportunity secured by a first lien, which is also backed by a corporate guarantee with a 10 percent interest rate paid to investors.
“Mobile home parks are one of the most stable and predictable investments during a recession and recovery and contrary to popular belief, mobile homes are not really mobile,” Lanoie said. “It costs over $3,000 for a resident to move their home out of a park, which is the reason 98-percent of mobile homes will remain in the same location.”
IHT Realty Crowdfunding LLC offers investors the opportunity to capitalize on the demand for affordable residential and multifamily real estate properties across Northeast Florida.
Google search “Robert Hoskins Crowdfunding” to see why Mr. Hoskins is considered one of the industry’s foremost crowdfunding experts that has amassed a huge social media following, which is dedicated to supporting donation-, rewards- and equity-based crowdfunding campaigns.
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