You have a house that is valued at $1,000,000. You decide to rent it out on Air BnB. You need to make some improvements so you take out a second mortgage for $500,000 and make your improvements. The net equity of the house is now $500,000.
This is where ICC is currently...remodeling.
Now you rent the house for $10,000/ month.and have a revenue stream.
Is the net equity of the house still only $500,000? Yes to the bank, No to the owner.
Then the owner starts to pay off the second mortgage and bingo the equity starts to increase.
When the revenue starts to show up that is when ICC value will improve.
The question everyone has to ask themselves is, do I want to wait for the renovations to be finished and the revenue stream to start.
CBD Life Sciences Inc. (CBDL) Launches High-Demand Mushroom Gummy Line for Targeted Wellness Needs, Tapping into a Booming $20 Billion Market • CBDL • Oct 31, 2024 8:00 AM
Nerds On Site Announces Q1 Growth and New Initiatives for the Remainder of 2024 • NOSUF • Oct 31, 2024 7:01 AM
Innovation Beverage Group Receives Largest Shipment of its Top-Selling Bitters to Date in the U.S.-Ready to Meet Growing Demand from Expanding Distribution Network • IBG • Oct 30, 2024 12:22 PM
Element79 Gold Corp to Update Investors on the Emerging Growth Conference on October 31, 2024 • ELMGF • Oct 30, 2024 9:08 AM
CBD Life Sciences Inc. (CBDL) Announces Grand View Research Report Findings on High - Growth CBD Equine Market, Aiming to Drive Unprecedented Shareholder Value • CBDL • Oct 29, 2024 10:19 AM
Integrated Ventures Announces Partnership And Lease Agreement with Driptide Wellness - Leading Health and Wellness Provider. • INTV • Oct 29, 2024 8:45 AM