"We feel an energy here in the downtown area, and we like the outlook in the Dayton market," he said.
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Blackett told this newspaper that one of the company’s niches is “focusing on properties located in areas that haven’t seen much attention.”
How it works? The company buys properties and bundles them together into a portfolio. The residential properties are renovated, and outside investors can buy equity stakes in the portfolio of properties.
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In Indianapolis, Holdfolio works closely with the city, the city development coalition and various neighborhood groups. Currently, the Holdfolio team has purchased eight properties in Dayton so far. Their goal is 10 properties per month, or 120 annually.
While the startup is focusing on single-family homes right now, Blackett said they are exploring the possibility of adding a multi-family and apartment model of business.
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