Robert Callahan
Newburyport, MA (USA)
Role(s):
Interactive Moves
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Startup
Location:
Newburyport
Industry:
Real Estate
Year Founded:
2004
Number Employees:
INVALID
Description:
The Investment Opportunity Summary
*A niche industry that has total revenue of $500 million + for assisting first time homebuyers.
*There are over 150,000 first time buyer real estate sales a year that are supported by government-subsidized funding.
*Funding for Not-For-Profits from the federal government has been reduced due to other government spending requirements.
*Interactive Moves will provide real estate and other first time buyer moving services to Not-For-Profit Housing Organizations first time buyer clients and pay a revenue share to the Organizations to help offset their funding deficit.
*HUD supports Interactive Moves Not-For-Profit housing initiative.
*First year revenue will be $1.6-2.0 million and profitable.
*Five-year revenue projection for Interactive Moves