Two Real Estate Investment Companies Join Hands to Revitalize Communities in Florida
Few states were hit by the burst of real estate bubble as significantly as Florida. Following the housing crisis over 323 thousand foreclosure notices were issued in 2010 in this state alone.
- (1888PressRelease) December 09, 2012 - The partnership raises $10 Million in the first round to elevate Florida housing situation
Orlando, Florida, United States - Few states were hit by the burst of real estate bubble as significantly as Florida. Following the housing crisis over 323 thousand foreclosure notices were issued in 2010 in this state alone. As a result, many families lost the roof above their heads and were robbed of their chance to pursue the American Dream. With foreclosure notices tainting the credit history of the newly displaced families, the search for replacement property became a nearly impossible feat. Banks and lenders, on the other hand, were left with vacant properties, most of which have remained so to this day.
In the midst of this despairing situation, certain prudent investment groups are forming alliances to capitalize on this historical window of opportunity. Two Florida-based real estate investing firms, HIS Capital Group, LLC and 3-Day Cash Buyers, LLC have recently announced joining forces in a joint venture partnership with a goal to revitalize Communities located in the Florida real estate market. The two companies together have already raised over $10,000,000 in first round funding for the cause. The money will be used to purchase distressed real estate from property owners who are looking to sell quicker than the traditional market allows.
The new partnership is titled HIS 3 Day Cash Buyers and is directed towards fixing the current residential housing situation in Central and South Florida. Their plan is to firstly focus on the areas that were hit by the crisis the most - some of the locations indentified in their research were counties such as Pasco, Hillsborough, Polk, Pinellas, Orange and Lee. The hope is to stimulate the communities while offering renovated affordable housing to residents in the area.
The joint venture works by cooperating with local investors, banks and agents to identify distressed properties and purchase them. After that the property will either be fixed and put back on retail market or rehabilitated and offered to tenants. As according to the founders and key people of HIS Capital Group, LLC and 3-Day Cash Buyers, LLC, the main objective is to not only renovate the properties, but also to revitalize and improve depressed communities, bringing back hope to the people who had lost it.
HIS Capital Group, LLC and 3-Day Cash Buyers, LLC are companies based in Florida and working in the same field of real estate investment. To learn more about their joint venture partnership and the Florida real estate revitalization project, contact us through http://HISCapitalGroup.com.
Contact Information:
HIS CAPITAL Group
investorsupport ( @ ) hisrealestatenetwork dot com
877-452-6569
http://HISCapitalGroup.com
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