Mark Cook
Cape Coral, FL (USA)
Role(s):
Manager/Supervisor
FERF
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Startup
Location:
Cape Coral
Industry:
Real Estate
Year Founded:
2010
Number Employees:
1-10 people
Business Stage:
Creation/Idea
Entity Type:
Not Incorporated
Description:
I am piloting a model now with an investor in which single family residential properties are purchased and resold with a markup of 10% - 20%. We will hold the notes on the properties at a rate of 9.9% and 20% down with a 5 yr balloon. This model generates a 15% - 20% annual return on investment and is very safe due to strategic tailoring of the property criteria and locations in undervalued but stabilized markets in Florida.