The focus of L & P Capital Group in 2007 is to identify the state that will produce the most residual income. We will continue to negotiate the purchase of “Multi-family” apartment buildings throughout the US that are below market value and in need of rehabbing.
To ensure that we remain in compliance with the corporation strategy and plan, the company will continue to negotiate with HUD REO’s and FDIC mortgages for sales at Hugh discounts with low market rents and in need of rehabbing to reinforce the company’s goals.
L & P Capital Group is seeking to raise capital for the purpose of purchasing “Multi-family” units acquired through market research. To strengthen our financial portfolio for purchases of major units, our goal is to include:
South Dallas is a boasting population of 365,000 and 100 square miles of land in Tarrant County close to Arlington which is the home of the Texas Rangers at Ameriquest Field. It will be the home to the $650 million dollar Dallas Cowboy stadium scheduled to open in year 2009. Promoted as the entertainment capital of Texas, South Dallas is also home to Six Flags over Texas amusement park and Hurricane Harbor Water Park.
The city has allocated $2.5 billion dollars of rehab funds thru grants for homeowners to update their properties in wake of the revitalization zone. The zone is in the direct path of the new Dallas Cowboys stadium.
With this new development, the city has seen a growth of 1,500 new residents over a period of 9-months pouring into the city. Economics predict double new residents within the next 6-months and quadruple by the time the new stadium opens.
This new trend will provide excellent potential tenants for any Multi-family units acquired by investors who purchase them.