InvestorsHub Logo
Followers 2
Posts 252
Boards Moderated 0
Alias Born 04/05/2007

Re: heelsgo1 post# 45122

Wednesday, 03/26/2008 7:32:31 PM

Wednesday, March 26, 2008 7:32:31 PM

Post# of 87366
My guess is you are right. The preferred shares will be used to raise the money to get things started. With a revenue producing property the money coming in covers all costs. 3-6 months down the road the property is apprasied and combined with its record of revenue generation, additional funds can be raised. It's almost the end of the month and the first rent checks will be due. Guessing the revenue generation has already started.

Cheers,

Pete

Join the InvestorsHub Community

Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.