Christopher Lombardi
Spring Lake, NJ (USA)
Role(s):
Founder/Owner/Principal
Lombardi Residential
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Startup
Location:
Spring Lake
Industry:
Real Estate
Year Founded:
2010
Number Employees:
1-10 people
Business Stage:
Growth (profitable)
Entity Type:
Limited Liability Company
Description:
We develop and rehab single family (80%) and multifamily (20%) properties. Our general goal is to purchase and rehabilitate each property at a cost of no more than 70% of its stabilized value. We then find tenants and refinance the properties. This strategy allows us to pull out our entire investment after stabilization and hold the properties as long term investments.