Christopher Acord
Sterling, MI (USA)
Role(s):
Founder/Owner/Principal
ACC Holdings
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Startup
Location:
Sterling
Industry:
Real Estate
Year Founded:
2011
Number Employees:
1-10 people
Business Stage:
Creation/Idea
Entity Type:
"S" Corporation
Description:
This is a start up Real Estate Investment / Property Management Corporation. The business plan includes earnings from two primary sources. The first source is the purchase and sale of single family primary residences categorized as distressed properties. These homes will be purchased and rehabbed based on the strategic 65% After Repair Value or Market Value investment formula. The second source of income will be based on earning passive income from properties purchased as "hold" properties most lucrative as rental investment properties. There are many properties in Michigan cities currently available at extremely low listing prices. The rental properties will be rehabbed to the specifications of HUD to meet the Section 8 standards. This will enable the homes to qualify for the Home Voucher program. There is a waiting list in all major Michigan cities of Section 8 participants. This provides a guarantee of government rental payments the first of each month for all properties.