REIC. .03 x .05. 900K Float. 4.6M OS. 8K. .014 per share NET PROFIT on sale of NAPLES Florida property
investorshub.com
Posted by: Mr. Bill
In reply to: None Date:1/23/2003 9:53:57 PM
Post #of 9653
REIC. .03 x .05 now. .014 Net PROFIT on 8K sale of NAPLES property. 4.6M OS. $65K Profit. Property values in NAPLES have SOARED.
Directors of the company work for FREE, No salary. See 10K.
Directors own 75% of common shares. 3,701,735 shares. No preferred shares. FLOAT of 900,000 shares.
pinksheets.com.
Properties owned: (OWN = No mortgage left, 100% Owner)
OWN 4603 A/B Orchard Lane in Naples, Florida. Duplex. Two 2BR
OWN 5238-40 Hardee Street in Naples, Florida. Duplex. Two 2BR
OWN 5450 Hardee Street in Naples, Florida. 3BR
5326 Jennings Street in Naples, Florida, 3BR
5330 Jennings Street in Naples, Florida, 3BR
5247-49 24th Avenue SW in Naples, Florida, Duplex. Two 2BR
1110 SE 9th Court in Cape Coral, Florida, Duplex, Two 2BR
1009 SE 9th Avenue in Cape Coral, Florida, Duplex, Two 2BR
205 SW 33rd Street in Cape Coral, Florida, 3BR
17605 North Hagen DR, Houston, TX. 3BR
17539 North Hagen DR, Houston, TX. 3BR
The propery below was sold for $65K profit.
222 Willoughby Drive in Naples, Florida, 3BR
Property Descriptions: ITEM 2 DESCRIPTION OF PROPERTY
The Information required by this item 2, are as follows:
5330 Jennings Street,
Naples, FL 34112:-A three Bedrooms, 2 bathrooms, Living room, Dining room, single family house with a single attached garage.
5326 Jennings Street,
Naples, FL 34112- A three Bedroom, 2 Bathrooms, Living room, Dining room, Single Family house with a single attached garage
5450 Hardee Street,
Naples, FL 34112:-A three Bedrooms, 2 Bathrooms, Living room, Dining room, Family room, single family house.
5238/5240 Hardee Street,
Naples, FL 34112:-A Duplex consisting of 2 two Bedrooms, 1 Bathroom living units.
4603 A/B Orchard Lane,
Naples, FL 34112:- A duplex consisting of 2 Two bedrooms, 1 Bathroom Living units.
17605 North Hagen DR,
Houston Texas:- A Three Bedrooms, 2 Bathrooms, Living room, Dining room with two car garage attached.
17539 North Hagen Dr.
Houston Texas:- A three Bedrooms, 2 Bathrooms, Living room, Dining room, and a two car garage attached.
222 Willoughby Drive,
Naples FL 34103:- Three Bedrooms, 2 1/2 Bathrooms, living room, Dining room, a two car garage attached, and a screened below ground pool.
205 SW 33rd Street,
Cape Coral, FL 33991:-A three bedrooms, 2 Bathroom, Living room, Dining room, a two car garage attached and a screened below ground pool
1110 SE 9th Court,
Cape Coral, FL 33393:- a Duplex containing two 2 Bedroom, 2 bathroom living units
1009 SE 9th Avenue;
Cape Coral, FL 33393:- a Duplex containing two 2 Bedroom, 2 bathroom living units.
5247-5249 24th Avenue SW,
Golden Gate, FL 34116: a Duplex containing two 2 Bedroom, 2 bathroom Living Units.
pinksheets.com.
Item 2. Disposition of Assets
On January 22, 2003, Ricketts Enterprises International Inc, a subsidiary of REII Incorporated (the "Company") disposed of One (1) residential building held for investment purposes.
The total selling price of the one residential building is follows:
222 Willoughby Dr. Naples FL 34110 $225.000.00
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Gross Sales prices $225,000.00
Cost of Sales Action $ 3,567.51.
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Net Income from Sale $221,432.49
The Historical value of this property as carried on the company's books was $ 156,000.00 thereby showing a net profit on this transaction of $65,432.49
The income from this sale will be added to company's working capital.
Previous 8Ks for net profits:
5/14/2002. $3K net profit. $90K sold for $93K net HOUSE
9/28/2001. $14.5 net profit. $7K sold for $21.5K net LAND
8/31/2001. $13.9 net profit. $8K sold for $21.9K net LAND
pinksheets.com.
pinksheets.com.
Some Previous posts / picks:
MDBU at .05 cents, a 10 banger. (at .50+)
BOCX at .05 cents, a 10 banger. (at .50+)
CASX at .015 cents, a 13 banger. (at .20 cents)
HVGP at .03 cents, a 10 banger. (at .30 cents)
AYSI at .05 cents, a 4 banger. (at .24 cents)
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