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Back Porch Homes isn't accepting new investments

Back Porch Homes’ deadline was December 7, 2019

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Back Porch Homes

A manufacturer of tiny homes for your backyard
B2C
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$158,088
Raised
827
Investors
Successfully funded and closed on December 7, 2019.
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Closed on December 7, 2019. Information may not be up-to-date. Campaign closed on December 7, 2019. Information displayed may not be up-to-date.
Problem Solution Product Traction Customers Biz. model Market Vision and strategy Funding Founders
About Team Press

Documents

Republic (OpenDeal Portal LLC, CRD #283874) is hosting this Reg CF securities offering by Back Porch Homes LLC. View the official SEC filing and all updates:
Official SEC Logo Form C SEC.gov
Company documents
Back Porch Homes Crowd SAFE
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Hear from some of the 827 investors in Back Porch Homes


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Highlights


  • Simple solution to complicated housing problem
  • 87 units pre-sold as of October 20, 2019
  • $4,350,000 in pre-orders to date
  • $577,500 in capital raised prior to launch.
  • $350 billion market
  • Experienced team with background in real estate, finance, and manufacturing

Problem


Our nation is suffering from a housing crisis

Across much of the United States, regulations and lawsuits have dramatically increased the cost of housing construction and the time required to build new homes...particularly in high-demand coastal regions.

What used to be an affordable starter home is now out of reach for many, including young workers with limited income and student loan debt. Elderly people living on fixed incomes are also vulnerable at the very moment in their lives they should feel secure.

Some state governments are reacting by drafting extreme laws that would see suburban neighborhoods disfigured and destroyed by high-rise, high-density, rent-controlled apartment buildings.

Solution


Making housing
affordable for all

Real estate investors and developers Todd Bayer and Stephen McKee are on a mission to make housing affordable to all … a mission so compelling that they divested themselves of their various businesses so that they could focus entirely on fulfilling this mission.

Back Porch Homes is how they are going to do that. Back Porch Homes, or BPH, uses the tiny home concept to increase suburban housing capacity while preserving neighborhoods … and does so in weeks rather than the months and years associated with building accessory dwelling units.

In addition to designing and manufacturing their innovative “tiny home on wheels” products, BPH also provides in-house financing as well as wrap-around services and support.

Would you like your home here … or to go?

The chart below shows how BPH’s “tiny home on wheels”, or THOW, compares (and is superior) to alternative methods of adding capacity to existing residential property.

Dwelling TypeMotorhomeManufactured HomeAccessory Dwelling Unit (ADU) or Tiny HomeBPH Tiny Home on Wheels (THOW)
Time until occupancySame dayTwo to four months12 to 18 monthsTwo to four months
Actual movabilityRoad worthy 24/7Cost prohibitive ($10-$15K)ImmobileRoad worthy 24/7
Construction qualityInferior and rapid deterioration on sub-$100K modelsHistorically inferior and presently variableBuilt to local building codesBuilt to exceed ANSI/RVIA guidelines
Resale valueDepreciates like automobilesDepreciates quicklyMay increase property value but cost more than the gainMaintains value due to construction quality, financing, and ease of mobility
Utility dependenceDesigned for off-gridSame as site-built homeSame as site built homeCapable of on or off-grid
Financing optionsVehicle financing; options decrease over time Limited options unless permanently attached to foundation Home equity loan or private financingOptions include in-house as well as vehicle financing 

The THOW concept aligns with trends that show people change jobs and move frequently. When an opportunity in another location presents itself, the Back Porch Homes THOW owner can take their home with them (recommend ¾-ton truck or larger.)

Product


Introducing the Companion™ 


BPH’s first offering, the Companion, is designed for practicality and simplicity.

The exterior design compliments suburban architectural tastes and can be color matched to harmonize with the property’s existing home … something neighbors concerned about visual continuity will appreciate.

The Companion’s 255 square-foot interior feels surprisingly roomy as a result of large windows and a handicap adapable 36” wide hallway that runs the length of the unit. The base model includes standard-size appliances (rather than reduced sized RV appliances) and an abundance of storage space. 


Traction


Don’t just believe us, look at how others have responded

Back Porch Homes gained instant traction in our regional market with more than 70 units pre-sold within the first 48 hours of our announcement to our real estate investment club.

In addition to these pre-sales and the $577,500 in capital raised thus far, here is what some of our investors are saying:

“Young and old are boxed out of the market. Younger people cannot afford to buy any home in Southern California. BPH offers an opportunity for independence and privacy that apartments do not offer and is a perfect first step to owning a traditional home.” - Esther Chu, Cerritos, CA

“I invested with Back Porch Homes because housing affordability is a problem and rather than building more luxury homes, BPH’s approach is to help alleviate the problem by building affordable homes. I believe that many people will benefit from this, either as an owner or a renter. There is a large percentage of the population who are getting priced out of homes and if I can benefit from this market as an investor and help people get into homes they can afford then it’s a win for everybody.” - Chris Advincula, Corona, CA

“Back Porch Homes is uniquely positioned to put a dent in the affordable housing crisis while giving homeowners an opportunity to receive rental income from day one by putting a tiny home in their backyard. Stephen and Todd have been through the gauntlet in real estate cycles and have the experience and know-how to persevere in any market. They have the grit and the right team to scale BPH and a ‘community-first’ mindset to create a meaningful business in their home region and then throughout the nation.” - Drew Nagda, Los Angeles, CA

Customers


Who will live in a BPH Companion?

By putting everything an occupant could need within reach, the Companion is a functional and attractive dwelling for young or old.

Middle-age homeowners often have either (and often both) young adult children and an elderly parent. For as little as $3,500 down and $439 each month, these homeowners could provide a safe, comfortable and convenient home for their loved ones.

The BPH Companion is designed to fit on residential properties measuring 10,000 square feet or more. As the satellite view below shows, the Companion fits comfortably in a range of backyard settings and, in many cases, will be obscured from street view … another neighbor pleasing benefit.

Business model


Making profits while making a difference

We are currently focused on selling homes to the members of our 5,000-member Inland Empire Real Estate Investment Club. They in turn will use BPH tiny homes to increase the value of their investment properties.

Given our conservative growth figures for our first 12 to 24 months, our primary sales effort will be conducted by the founders. To supplement their efforts, we will also be establishing a network of realtors who will serve as our outside sales team to their established client network.

While we are starting in California, we will use this approach across the region and nation as we scale our capacity to satisfy demand.

Market


Plenty of space for Tiny Homes

In Southern California’s Riverside and San Bernardino counties (where Back Porch Homes was founded), there are more than 300,000 single family homes on lots that measure 10,000 square feet or more. (Southern California has nearly 1,000,000.) The photo below illustrates the number of potential parcels in which a Back Porch Homes tiny home on wheels could be installed.

Vision and strategy


We have big 5-year goals 

We set conservative goals that, combined with our sales projections, will ensure we have the capital necessary to scale our manufacturing, marketing and support capacities in line with market demand. Given that we have already achieved our round one goal, we believe we have good reason to be confident in our estimates.

For 2019

  • Round 1: $222,500 ($50,000/1%) - COMPLETE

  • Round 2: $355,000 ($75,000/1%) - COMPLETE

  • Round 3: $1,070,000 ($100,000/1%)

Over the next 3-5 years Back Porch Homes will utilize its profits and ever-growing cash flow from notes to expand the sales and manufacturing of the organization in pursuit of a billion dollar plus valuation.

2025

By 2025, we anticipate an opportunity for investors to realize a return on their investments through 2 primary exits.

  1. A $100,000,000+ investor buyout

  2. Taking Back Porch Homes public through an initial public offering

Founders


Guided by an all-star leadership team 

Back Porch Homes understands that delivering an excellent solution to an urgent problem is only part of the success formula. Another critical element is the quality of our leadership team. 








Stephen McKee and Todd Bayer are founders of the Inland Empire Real Estate Investment Club (a Meetup.com top 150 supergroup): The largest and top rated real estate investment club in the Inland Empire with over 5000 members. 

They are investors and board members of REmarketview.com: The simplest nationwide, point and click, alpha cashflow locating tool.

They are also the founding partners of Community Restoration Group: A joint venture house flipping company completing over $10,000,000 in projects per year.

Former CEO and COO of Rehab Loan Group: A pioneer of safe and innovative hard money loan products.

All of this adds up to nearly 30 years of real estate investing experience between the two of them.

Experienced Team

Over the past year the founders have brought on a veteran team of experienced specialists in Government Relations, Sales, Manufacturing, Branding and Marketing to accelerate the pace of the company’s growth. It truly is the dream team made up of the region’s best and brightest.

Deal terms


Valuation cap

$10,000,000

The maximum valuation at which your investment converts into equity shares or cash.
Learn more

Discount

0%

If a trigger event for Back Porch Homes occurs, the discount provision gives investors equity shares (or equal value in cash) at a reduced price.
Learn more.

Minimum investment

$100

The smallest investment amount that Back Porch Homes is accepting.
Learn more

Funding goal

$1.07M

The maximum amount the offering can raise is $1.07M.
Learn more

Deadline
Back Porch Homes needs to reach their minimum funding goal before the deadline ( ). If they don’t, all investments will be refunded.
Learn more
Type of security

Crowd SAFE

A SAFE allows an investor to make a cash investment in a company, with rights to receive certain company stock at a later date, in connection with a specific event. · Learn more

How it works

Documents

Republic (OpenDeal Portal LLC, CRD #283874) is hosting this Reg CF securities offering by Back Porch Homes LLC. View the official SEC filing and all updates:
Official SEC Logo Form C SEC.gov
Company documents
Back Porch Homes Crowd SAFE

Bonus perks

In addition to your Crowd SAFE, you'll receive perks for investing in Back Porch Homes.
Invest
$1,000
Receive
  • One BPH wood coaster
  • One BPH pint glass
  • One BPH bumper sticker
Invest
$2,500
Receive
  • Two BPH wood coasters
  • Two BPH pint glasses
  • One BPH bumper sticker
Invest
$5,000
Receive
  • Four BPH wood coasters
  • Four BPH pint glasses
  • One BPH bumper sticker
  • One BPH wood ornament
Invest
$10,000
Receive
  • Four BPH wood coasters
  • Four BPH pint glasses
  • One BPH bumper sticker
  • One BPH wood ornament
  • Appearance in our next video

About Back Porch Homes

Legal Name
Back Porch Homes LLC
Founded
Oct 2018
Form
California LLC
Employees
2
Website
backporchhomes.com
Social Media
Headquarters
Google Map location of of Back Porch Homes
3585 Main Street , Riverside, CA
Headquarters
3585 Main Street, Riverside, CA, United States 92501

Back Porch Homes Team
Everyone helping build Back Porch Homes, not limited to employees

Profile picture of Stephen McKee
Stephen McKee
Co-Founder
Visionary small space designer
Profile picture of Todd Bayer
Todd Bayer
Co-Founder
Pioneer of creative financing solutions
Profile picture of Jeremy Zimmerman
Jeremy Zimmerman
Marketing
Profile picture of Doug Kollmyer
Doug Kollmyer
Sales and Operations
Profile picture of Kevin Wolf
Kevin Wolf
Government Affairs
Profile picture of John Weiss
John Weiss
SBD Advisor
Profile picture of Bob Henry
Bob Henry
Manufacturing
4 more team members
Stephen McKee
Co-Founder
Todd Bayer
Co-Founder
Jeremy Zimmerman
Marketing
Doug Kollmyer
Sales and Operations
Kevin Wolf
Government Affairs
John Weiss
SBD Advisor
Bob Henry
Manufacturing

Press

Back Porch Homes Reaches $100,000 Crowdfunding Milestone ...
Inland Empire Business Journal Inland Empire Business Journal
·
Nov 20, 2019

Press Release - Riverside, CA (November 20, 2019) - While California struggles with an unprecedentedly severe housing cri...

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Back Porch Homes

Back Porch Homes successfully raised $158,088 from 827 investors on December 7, 2019
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Jacques, Peggy, Constantin, Cfam, Colbert, and 822 others invested. 239 Reviews
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