Reit Opportunity
Location Maryland,United States
Asking Price Range < $250K
Gross Revenues $0
Net Profit / Cash Flow $0
Cash Flow Type Sellers Discretionary Cash
Seller Finance Yes
Year Established 2004
Number of Employees 1 - 3
Inventory 5000000
Relocatable Yes
Number of Employees 1 - 3
Real Estate Owned
Description GENERAL - REIT (Real Estate Investment Trust) is a corporation or trust that combines the money of many stockholders to acquire real estate. This REIT will focus on both commercial & residential properties. One of the most unique & attractive features of an REIT is that it does not pay federal corporate income tax to the IRS. This means that the REIT income can be distributed to stockholders without double taxation at the corporate & stockholder levels. At least 90% of a REIT's taxable income must be distributed to stockholders. Intercontinental REIT has experience in asset managing, residential & commercial real estate. We are focused on the future needs of retirees & longer term vacation home owners. Baby Boomers are getting ready to retire. IC will locate properties around the World that can make retirement as well as vacationing people who wish to have affordable homes. IC will locate properties, managed those properties, sell properties as well as provide mortgages on those properties. Because IC will manage the properties it will be able to provide medical & emergency care for those who need them. Intercontinental REIT's focus is primarily on single & multi family residence as well as motels, hotels, marinas, shopping centers, warehouses, & other buildings that can be converted into condominiums & mixed use. Locations targeted by this REIT are from small towns to cities with a special emphasis on coastal properties in & around beach resorts as well as location suitable for senior living communities. Intercontinental REIT will focus on troubled or foreclosed motel & hotels in resort areas. DISCLAIMER - This web site does not constitute the sale of securities. These web pages only represent information about the REIT. People interested in investing in this REIT need to contact the administrator to learn more about the opportunity. Please email or call us at at 888-244-6978- 410-903-8477.
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