Peter Freeman
Green Valley, AZ (USA)
Role(s):
Founder/Owner/Principal
Peter & Leticia Freeman
Find More Startups
Startup
Location:
Green Valley
Industry:
Real Estate
Year Founded:
1977
Number Employees:
1-10 people
Business Stage:
Growth (not profitable)
Entity Type:
Not Incorporated
Description:
Residential investment property. Owned in Long Beach, California for 27 years. Did a 1031 Tax Deferred Exchange in 2005. Put down $532K and borrowed $988K to buy a three bed/2bath house, a studio apartment and a 3 bed/2 bath apartment. The apartment is over 4 garages.
Address: 2027 Castillo Street Santa Barbara, California.
Business issue is loan payment, taxes, maintenance costs are untenable. Need lower cost loan. Ideally would be interest only for the first five years.