Mel James
Edmond, OK (USA)
Role(s):
Founder/Owner/Principal
Distinctive Renovations LLC
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Startup
Location:
Edmond
Industry:
Real Estate
Year Founded:
2016
Number Employees:
1-10 people
Business Stage:
Creation/Idea
Entity Type:
Limited Liability Company
Description:
DR-LLC Was Created to Buy, Renovate & Re-Market Small Residential & Small Business Building Properties in Edmond, Ok In Need Of Renovation, Restoration, Updating or Remodeling. The small structure market was chosen because of the lack of new building small homes and the rising demand buy downsizing of older buyers and market entry of young buyers. Edmond was chosen as the primary launch market because of its market appeal. Member Investment Return On Resale Properties Is Anticipated To Be 20% Plus Per Property In 3 - 6 Months Following Acquisition. Once DR-LLC Has Multiple Properties Both Under Renovation And On The Market, A Per Property Annualized Return Could Exceed 50%. Cash Distribution Of 75% Will Be Made From the Gross Profit on Each Sale And 25% Will Be Reinvested Back Into DR-LLC to Provide Additional Growth Capital.