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Looking for angel investors to expand our business.
Posted by: Bill Bains on 10/27/2008 4:09:23 PM
Funding Needed:
Above $1mil 		Category:
Real Estate / Construction 		Website :
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Location :
Michigan, USA 		Viewed : 153 times
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Description:
We buy distressed properties, remodel those homes to the MSHDA (Michigan State Housing Development Authority) housing standards and rent them to Section 8 HCV (Housing Choice Voucher) program attracting long-term, loyal tenants, causing neighborhoods no longer to decline, but rather to thrive.

Real estate market has been very soft in USA and there is an abundance of housing inventory to chose from at a very attractive price. Several of the homes are available at about 90% below the market value. We have a lot of experience that helps us to decide which, where, what home to buy. We have our own crew who remodel these homes and they have been working with us since we started our business. We monitor and control our overhead and remodeling cost very closely. We have very good track record with our section 8 customers and some of them have been renting from us from the last 10 years. We have developed several tools and processes to monitor our business operation.

We are planning to scale up our business to the next level by buying 150 more homes. We have strong indications from Section 8 program to fill those homes quickly .

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