FSPP is exploiting the downturn in housing.
Buyers can continue to finance housing — though no longer for ZERO down.
Freshstart Properties has a very unique yet simple three-step business model.
The first step starts with the acquisition of abandoned, foreclosed or under-developed properties.
The second step is to renovate and develop the property as per the demographic attributes and lifestyle of the locality.
The third step is to either re-finance or lease the property, or lease the property at higher rentals.
This whole process enables the Company to generate swift returns, which is also known as “House Flipping”. Programs like “Flip This House” have provided the right promotional platform to this business, aiding to make this a highly profitable business.
Growth in Northwest Housing Markets
According to statistics provided for King and Pierce Counties, the real estate markets are expected to experience steady growth of approx. 5% going into 2008, while most parts of the country will experience a considerable slow down in appreciation and demand. Mike Crowley, executive vice president, of Master Builders Association of Pierce County said recently “ People get in the mindset that the sky is falling when in Pierce County and the South Sound it really isn’t. Maybe other parts of the country are suffering from job loss and a poor overall economy, but we aren’t. He discounts the theory that price drops will eventually show up in the Puget Sound area, primarily because of new jobs and expected income growth. “I’ve never seen it decline when you have good fundamentals.”
The biggest price increases favored a couple of communities known for their water views: University Place (15.8 percent) and Browns Point (9.7 percent).
Kitsap County had the Puget Sound area’s biggest median price increase at 7.9 percent, beating Pierce County and King County’s 5.9 percent appreciation.
Real estate experts believe similar trends will continue into 2008, in terms of real estate inventories and the number of sales. Mike Scott of Scott Apartment Advisors anticipates rents to increase by approximately 8 percent as the vacancies are expected to fall from 4.7 percent to 3.5 percent.
Source: Freshstart Properties, Inc.
Freshstart Properties, Inc.
1702 6th Ave
Tacoma, WA 98405
Phone: (253) 383-7194
Fax: (413) 383-7193
Email: info@freshstartpropertiesinc.com
ceo@freshstartpropertiesinc.com
Website: www.freshstartpropertiesinc.com
Forward Looking Statements: Statements regarding financial matters in this press release other than historical facts are “forward-looking statements.” The company intends that such statements about the Company’s future expectations, including future revenues and earnings, and all other forward-looking statements be subject to the safe harbors created thereby. Since these statements (future operational results and sales) involve risks and uncertainties and are subject to change at any time, the Company’s actual results may differ materially from the expected results. Forward Looking Statement: This release contains “forward-looking statements” based on current expectations but involving known and unknown risks and uncertainties that could cause actual events or results to differ materially from the events or results described in the forward-looking statements, whether as a result of new information, future events or otherwise. The Company’s plans and objectives are based on assumptions involving judgments with respect to future economic, competitive and market conditions, its ability to consummate, and the timing of, acquisitions and future business decisions, all of which are difficult or impossible to predict accurately and many of which are beyond the Company’s control. Therefore, there can be no assurance that any forward-looking statement will prove to be accurate. The Company makes no undertaking to update such forward-looking statements. Except for the historical information contained herein, the matters discussed in this release are forward-looking statements. Actual results may differ materially from those described in forward-looking statements and are subject to risks and uncertainties. See filings with the Securities and Exchange Commission, including, without limitation, recently filed Form 10-KSB and 10-QSB.
Disclosure: Disclosure: Pentony Enterprises LLC has traded for $10000 in services from StockPromoters.com in exchange for this profile. Pentony Enterprises LLC is not a registered investment adviser or broker/dealer. Pentony Enterprises LLC makes no recommendation that the purchase of securities of companies profiled in this web site is suitable or advisable for any person or that an investment in such securities will be profitable. In general, given the nature of the companies profiled and the lack of an active trading market for their securities, investing in such securities is highly speculative and carries a high degree of risk.
StockGuru.com is owned and operated by Pentony Enterprises LLC, 9555 Lebanon Road, Suite 103, Frisco, Texas 75035. Telephone: (469) 252-3030. Web: StockGuru.com. Email: Publisher@stockguru.com.