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fast.money

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fast.money

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Thursday, 10/16/2014 11:17:23 AM

Thursday, October 16, 2014 11:17:23 AM

Post# of 63283
$STHC News just OUT!! SouthCorp Capital Announces Sale of Property for 300% Return

http://finance.yahoo.com/news/southcorp-capital-announces-sale-property-130000785.html

October 15, 2014 9:00 AM

SANTA MONICA, Calif.--(BUSINESS WIRE)--

SouthCorp Capital, Inc. (STHC) announced today that the Company has agreed to sell one of its properties. The Company will receive a return of approximately 300% on the sale of the property.

The Company acquires properties that have been condemned or near condemnation. As such, the Company is able to acquire the properties at below market price. Once the Company completes renovations, the Company lists the property for sale. The Company’s overall expenses are reduced on renovations since our Chief Operating Officer is a licensed contractor.
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