these foreclosed properties that are not only a blight on the communities they are in but a consistant reminder of the economic times we live in. by renovating them and reducing their carbon footprint; we are vertually killing to birds with same stone…providing a renovated home that is helping the locale community turn around while costing less to live in 50 to 75% depending on personal conservation efforts of dwellwers.
by investing in real estate this initiative will always hold more value on paper than any other value added corporation from start-up. this being said we will always own properties worth as much as 50% of the actual appraised value. this will assure that we are in better cash position in case of more downturn in reit’s.
something stockholders as well as board members will appreciate.