Replies to post #10402 on Corporate Management Solutions, Inc. (fka YDGE)

[beambe]

next dream

[QTRADERQ]

DMGM subsidiary to sell/lease ~$160 mil worth of homes in NV. Ka-Ching

DMGM Nevada Operations
From the Feb 2010 DMGM Shareholder Letter:
"Residential Investment Properties (DMGM's subsidiary) is in the process of acquiring 2,000 residential homes in Clark County and Washoe County, NV, to lease these homes in an Union exclusive rent-to-buy program."
http://www.authorized-shares.com/dmgm/dmgm_feb2010.pdf

What does a Nevada house cost? Let's say 80K
Times 2,000 homes
Equals $160 mil worth of homes DMGM's subsidiary plans to sell.
No wonder Montana is bidding $2/ share, or ~ $24 mil mkt cap


DMGM Florida Operations
DMGM owns 174 real estate lots in Orlando, FL. Their subsidiary, Residential Investment Properties, will soon start construction of single-family homes on these lots.