Leigh-Ann Bellew
Union Beach, NJ (USA)
Role(s):
Manager/Supervisor
Belcon Corp
Find More Startups
Startup
Location:
Union Beach
Industry:
Real Estate
Year Founded:
2003
Number Employees:
1-10 people
Description:
BELCON Corporation purchases residential real estate in Fort Worth, Texas and neighboring suburbs. We target properties that can be acquired at 70% or below of the current fair market value after repairs. These properties generally need moderate to major renovations to go into the retail or rental market. The resale value of the properties after repair ranges from $75,000 to $150,000. While our main objective is to make a minimum of 15% profit based on the After Repair Fair Market Value on each deal, we are also aware of our responsibility to the communities we do business in, and our role in the betterment of these communities. Therefore, we always make every effort to provide products that are of good quality and will blend in well with the neighborhood.