Albert Jennings
Saint Ann, MO (USA)
Role(s):
Truph-Properties.llc
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Startup
Location:
Saint Ann
Industry:
Real Estate
Year Founded:
2007
Number Employees:
INVALID
Description:
We flip flop houses. The money will be used to buy houses in the St. Louis area, fixing them up in less then a week and putting them for sale in one week. Profit will be split 50/50, the investor will get 50 % of the profit and my company will take the other 50%. Real simple diagram [we buy houses that are in fear or foreclosure, usually we pick these up for about 20k. After looking at the house we know its worth at least 65k to 70k, fixed up. We spend 10k to fix it up, which is usually new carpet and paint on the walls. Then we sell the house under our name so were not going to pay a commission fee from a real estate company, saves us 6% of the profit. So we spend 20k for the house 10k to fix it up, and we sell it for 60. that leaves us with in less then a month a 30k profit. Which is th