Freshstart Properties, Inc. (OCT: FSPP)
FSPP is exploiting the downturn in housing.
Expanding to Newer Markets
Freshstart Properties is expanding its national footprint by seeking acquisition of properties outside the Seattle-Tacoma area. In seeking to diversify its portfolio, the company is constantly evaluating properties across Washington state. The current turmoil in the markets present an excellent opportunity to move into other markets beyond Pierce and King county.
Lower Overhead Costs
The overhead costs for Freshstart Properties are comparatively lower than companies that acquire large tracts of land and develop them into residential apartments. The prime advantage is lower working capital requirements leading to better management of financial resources. The acquired properties come with a basic structure thereby reducing the costs involved in laying down the foundation. Repair costs and renovation costs are lesser as compared to costs involved in developing real estate properties from scratch.
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.
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. 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.