J Mangasarian
Lake Forest, IL (USA)
Role(s):
Founder/Owner/Principal
New Top Capital
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Startup
Location:
Lake Forest
Industry:
Real Estate
Year Founded:
2010
Number Employees:
1-10 people
Description:
This is a proven business model which has been very profitable. This is a real estate modernization program where existing residential real estate is purchased, modernized, and sold. The modernization forces appreciation and massive profits. There are no salaries, or large business expenses. The capital infusion will be used to purchase and modernize. Less than 8% of the money will be used for business expenses such as marketing and data services. The gross income is expected to exceed $1.5M on $1.0M of expenses. The income will come from the sale of modernized homes, and the expenses are the cost of the homes and the 8% expenses.