Ritchee Burns

Clemmons, NC (USA)
Role(s):
Founder/Owner/Principal

I C Investments, LLC

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Location: Clemmons
Industry: Real Estate
Year Founded: 2010
Number Employees: 1-10 people
Business Stage: Growth (not profitable)
Entity Type: Limited Liability Company
Description: I C Investments is a startup business venture developed by an individual for the sole purpose of investing in residential-commercial real estate. The objective of the company is to develop a long-term real estate investment company. The business model is to market the company to a consistent stream of motivated sellers of apartment buildings who exhibit positive cash flow and who are willing to engage in creative financing. I C Investments has a team of professionals to assist in the overall acquisition, operation, and improvement of select profitable real estate investments. These professionals include a Real Estate Buyer’s Agent, Property Management & Apartment Investing Advisor, Real Estate Attorney, Accountant, and others as needed for repairs, maintenance, marketing, and communications. Each property will be held to generate capital for the company, rather than reselling. I C Investments is seeking apartments in the $500k to $10 million purchase price range, with a minimum cash flow of $20k or greater per million of the purchase price. Prospective properties should exhibit a minimum of 90% occupancy rate. Sellers must show two consecutive years of financials for the property; properties with less than two years records will not be considered. The company will invest in properties with a class A, B, or C+ building and location. Select properties should demonstrate a sound structure, with only minor repairs and cosmetic needs.