Nicholas Nelson
Las Vegas, NV (USA)
Role(s):
Founder/Owner/Principal
Minerva's Sheld Porperty Services
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Startup
Location:
Las Vegas
Industry:
Real Estate
Year Founded:
2008
Number Employees:
1-10 people
Description:
The single factor limiting the success of my business is start up capital. The appropriate business contacts have een made, and the needed business agreements with these contacts have been made to acquire foreclosed properties immediately as the hit market. Cash flow will come from the rental revenue of the initial 5 proerties initially rent. These properties are planned to be in the 150,000- 200,000 dollar price range. Each proerty is planned to have a down payment of 30% requiring an initial investment of $300,000 plus additional reserve capital for property maintenence, and also to cover vacant property in the event this occurs. In addition Minerva's Shield Property Services expects to offer Property management services at a 10% service fee and plan to grow this area of revene to 40 properties within the first 12 months of business and prom ptly grow to 100 properties by the end of year 2. The sole element that will drive revenue is the current state of the housing iundustry and amount of foreclosures creating a large rental market in Las Vegas.