Philip Theiss
Dix Hills, NY (USA)
Role(s):
C-Level Executive (CEO, CFO, etc.)
Integrity REAM Holdings, LLC
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Startup
Location:
Boca Raton
Industry:
Real Estate
Year Founded:
2011
Number Employees:
1-10 people
Business Stage:
Creation/Idea
Entity Type:
Limited Liability Company
Description:
Integrity REAM Holdings, LLC will bid on foreclosed properties located in Palm Beach County, Florida that have the potential to deliver a 20% return after settlement of any liens, rehab, operating and closing costs with a targeted turnover within 90 days from the date of acquisition. Targeted selling price of the property will be at a Discounted Retail Price in order to stimulate the velocity of the transaction. Service Turn-Key Agreement will exist with a firm with multiple years experience in this market and with the legal and rehab crew in place to do proper due diligence and expedite any needed fix up for re-sale purposes.
Minimum funding needed is $500K of which approximately 50% has been committed by existing potential investors.