JOE, unless the 3 million shares mentioned in the release is an accurate number. Also the release talks about $180,000 per home, while the business plan states, >>GENERAL PLAN
NRPI has two options in fulfilling it's Business Plan
a. buy distressed and foreclosed homes for approximately $15,000 that need as much as $35,000 for repairs. The total investment usually approaches $40,000-$50,000. NRPI then sells the home for
$75,000-$80,000 within six months. (my emphasis)
b. buy vacant lots for $7,500. The company contracts with a building contractor to build a 1,300 sq ft house for $55,000 and sells it for $90,000 (again my emphasis)while under construction. Within six months the new home is built, sold and closed. With adequate funds, hundreds of these homes can be purchased in any of America's large metropolitan cities.
JOE |
