Doug Hancock
Stockton, CA (USA)
Role(s):
Founder/Owner/Principal
Central Valley Foreclosure Fund
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Startup
Location:
Stockton
Industry:
Real Estate
Year Founded:
2009
Number Employees:
1-10 people
Description:
This venture exists to take advantage of a once in a generation extreme correction in California Real Estate prices. Specfically, this involves an investor(s) buying for all cash multiple foreclosed properties at depressed prices some off 80% from 2005 highs. Having the properties managed by a third party, providing a minimum fixed return of investment on the principle and at a set date in the future, the portfolio is sold and the investors receive a majority of the capital gains.