Leslie Lloyd
Big Spring, TX (USA)
Role(s):
RENT TO OWN HOMES INC
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Startup
Location:
Big Spring
Industry:
Real Estate
Year Founded:
1995
Number Employees:
INVALID
Description:
We buy, restore and sell old empty houses from the 15,000,000 empty houses in the USA to the 30,000,000 low income folks on a 'CONTRACT FOR DEED' at less money per month than they have been paying for 'rent'.
The markup (margin) on each property is avg 4X the cost - because the properties can be acquired extremely low cost and rehabbed so low cost and the demand is so great for an affordable 'home to own' among the poor folks on a short note-5 to 15 years depending on size/quality/value of the house.
The company intends to do business in the entire nation since the old houses are every where, in every city/town 11% of houses are sitting empty-unwanted but repairable by specialists in that field, which is what we are.
We will buy defunct lumber yards and acquire used windows, doors,