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American Company Spotlight

Freshstart Properties, Inc. Website:
Click Here
|
Exchange: Pink
Sheets
Market Cap:
4.1 Million
Outstanding Shares:
40.1 Million
52 Low / High:
$0.08 / $0.39
Price January 31, 2007:
$0.10
FSPP Recent Stock
Quote and News:
Click Here
Information As
Of January 31, 2007 |
The process of
buying a real estate property and, after making modest
improvements, selling it at an appreciable profit is called
house flipping. Shows, such as "Flip This House" have made
this form of investment a hugely popular and a very profitable
one.
OverviewFreshstart
Properties, Inc. is a publicly traded real estate company
focused on purchasing pre-foreclosure, foreclosure,
financially distressed and bank-owed residential properties
at a discount to market. The company is uniquely positioned
to take advantage of the real estate, whichever way it goes
as the company buys, fixes and sells when prices are heading
upwards and also buy, fix and hold when the market softens
because the company is able to command much higher rental
income. Their efforts are currently focused in and around
the Pacific Northwest USA.
Investment Highlights
- Seattle real-estate economist Matthew Gardner expects
closer-in areas to appreciate about 10 percent over the
coming year; farther out, 7 percent appreciation will be
more the norm for single-family homes and for condominiums.
(Source: Seattle Times. Dec. 30, 2006)
- "In the past six months, the company acquired three
homes in the booming Pacific NorthWest, these homes are
currently leased in anticipation of long terms gains."
- According to the December 30, 2006 Seattle Times
article, between 2005 and 2006, real estate prices in the
Seattle area jumped 18%, and real Estate experts are
predicting that the Pacific Northwest’s real estate prices
will increase again in 2007 while national real estate
prices are pegged for a slowdown.
- The same article predicts that in the 2007, rental
market "Vacancies will fall from their current 4.7 percent
to roughly 3.5 percent.”
- Experienced management led by Nazir Maherali with over
twenty-five year Real Estate experience spanning three
continents. (Africa, United Kingdom, and North America).
- A combination of an expanding foreclosure market forcing
homeowners back into the rental market and a growing trend
to convert apartments to condos (5,000 in the Puget Sound
region in 2006) is pushing rental rates up. Daniel Hall of
Gibraltar Investment Property Solutions predicts a 15%
increase in rent over the next two years in the Pierce
county area.
Profile
For the past ten years, Freshstart's management has been
buying, renovating, leasing, and selling properties in the
Northwest. In that time, the company has developed a network
of contacts in the Seattle-Tacoma real estate market and
earned a reputation for improving neighborhoods by providing
safe and affordable residences. As a publicly traded entity
with access to equity markets, Freshstart enjoys a
competitive advantage over similar, privately-held entities
operating in the same geographical market.
The process of buying a real estate property and, quickly
soon after, selling it (after making modest improvements) at
an appreciable profit is called house flipping. Shows such
as "Flip This House" have made this form of investment a
huge housing phenomenon and a very profitable one. Mr
Maherali has employed this concept for over ten years and
has resulting in strong gains both during and after the
housing boom.
The foreclosure market in Tacoma is experiencing an
increase, which provides the company an opportunity to
aquire additional property for its rental portfolio. As
apartments are being converted into condos the vacancy rates
are decrease, thereby putting upward pressure on the rents,
which increase the value of rental property.
Freshstart Properties is a company designed for investors
who don't want to invest hundreds of thousands of dollars,
and countless hours of renovating, to be part of this
popular investment concept. The company's management, which
is headed by Nazir Maherali spans twenty-five years and
three continents. (Africa, United Kingdom, and North
America). His current focus as well as the company's is the
Pacific Northwest.
Strategy
Freshstart Properties' primary focus is on the
acquisition and preservation of older residential
neighborhoods in transition where market demand is on the
rise and crime rates are falling. Specifically, Freshstart
Properties targets neglected and abandoned homes and
multiplexes with a high probability of producing better than
average capital gains once renovations are complete.
Factors that Freshstart Properties considers when
selecting a property include:
-
Cost of acquisition
-
Recent sales of comparable properties
-
Neighborhood demographics
-
Renovation expense
-
Resale or leasing potential
Strong Northwest Housing Market
* (Source: Seattle Times, Looking ahead: The
sky isn't falling for the Puget Sound market, By:
Elizabeth Rhodes. Dec. 30, 06.)
April 2006 statistics for King and Snohomish Counties
reflect a real estate market that is in full bloom. The
gloom and doom forecasts of last fall have been replaced
with predictions of the 3rd strongest real estate market in
history.
April 2006 sales prices in King County are up 18% or
$39,424 over April 2005. Even though the number of sales are
down from April a year ago by 15%. The average market time
remains steady.
April 2006 statistics for Snohomish County show the same
blossoming appreciation with sales prices up 17% or $50,037.
Market times here are relatively unchanged, also, even
though the number of homes that sold in April is down by
111.
Seattle real-estate economist Matthew Gardner expects
closer-in areas to appreciate about 10 percent over the
coming year; farther out, 7 percent appreciation will be
more the norm for single-family homes and for condominiums.*
Bill Riss, CEO of Coldwell Banker Bain "thinks 2007 will
probably be a copycat of 2006 in terms of inventory and the
number of sales "unless there's something in the condo
market that causes oversupply."*
Mike Scott, of Seattle's Dupre + Scott Apartment Advisors
apartment investors, bullish on the Seattle area's economy,
are busy buying up buildings. On average they're paying 15
percent more for them this year than in 2005.*
Many owners are planning to renovate their new purchases,
Scott reported, and renters should "expect significant rent
increases as a result." Taken together, these factors will
cause apartment rents to jump about 8 percent next year,
Scott predicted. Vacancies will fall from their current 4.7
percent to roughly 3.5 percent, he said.*
The national news has been full of stories about
homebuilders cutting production and prices as the
real-estate market cools. In November, for example, building
permits nationwide fell to a nine-year low, according to a
government report. "But that's the national news, not the
local news," said Suzanne Britsch, senior analyst for New
Home Trends, a construction-analysis and consulting firm in
Mill Creek. "We still have job growth and a shortage of lots
here, so we have just not had a problem with standing
inventory."*
Recent News and Press Releases
Freshstart Properties, Inc. Announces Completion of Its
Development Project (Jan 18, 2007)
Freshstart Properties, Inc. Seeks New Markets for Continued
Growth (Jan 16, 2007)
Freshstart Properties Inc. Announces Acquisition of
Investment Property (Oct 10, 2006)
Freshstart Properties Inc. Announces Acquisition of
Multifamily Building (Sep 19, 2006)
Freshstart Properties Inc. Announces Purchase of Investment
Property (Aug 23, 2006)
Freshstart Properties to Appear on MN1.com (Aug 9, 2006)
Freshstart Properties Inc. Retains AGORACOM Investor
Relations (Aug 2, 2006)
Management
Nazir Maherali, President, Secretary, Treasurer
Mr. Maherali's real estate and property development
experience spans twenty-five years and three
continents.(Africa, United Kingdom, and North America). His
current focus, and Freshstart's is the Pacific Northwest
where he currently is busy.
Acquiring and renovating under-valued properties for
lease and resale.
Purchasing undeveloped real estate for the purpose of
residential development and sale.
Dilshald Maherali, Director
Professionally, Ms Maherali has worked in the hospitality
industry for twenty-five years, actively investing in
properties in Uganda, the United Kingdom, and Canada.
Contacts
1702 - 6th Ave
Tacoma WA 98405
Tel: 253-383-7194
Fax: 253-572-2395
info@freshstartpropertiesinc.com
ceo@freshstartpropertiesinc.com
FORWARD LOOKING STATEMENTS
This report includes forward-looking statements that
reflect Freshstart Properties, Inc. current expectations
about its future results, performance, prospects and
opportunities. Freshstart Properties, Inc. has tried to
identify these forward-looking statements by using words and
phrases such as "may," "will," "expects," "anticipates,"
"believes," "intends," "estimates," "plan," "should,"
"typical," "preliminary," "we are confident" or similar
expressions. These forward-looking statements are based on
information currently available and are subject to a number
of risks, uncertainties and other factors that could cause
Freshstart Properties, Inc.'s actual results, performance,
prospects or opportunities to differ materially from those
expressed in, or implied by, these forward-looking
statements. These risks, uncertainties and other factors
include, without limitation, the Company's growth
expectations and ongoing funding requirements, and
specifically, the Company's growth prospects with scalable
customers, and those outlined above. Other risks include the
Company's limited operating history, the Company's history
of operating losses, consumers' acceptance, the Company's
use of licensed technologies, risk of increased competition,
the potential need for additional financing, the terms and
conditions of any financing that is consummated, the limited
trading market for the Company's securities, the possible
volatility of the Company's stock price, the concentration
of ownership, and the potential fluctuation in the Company's
operating results.
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releases. Information contained in this report was extracted
from current documents filed with the SEC, the company web
site and other publicly available sources deemed reliable.
For more information see our disclaimer section, a link of
which can be found on our web site. This document contains
forward-looking statements, particularly as related to the
business plans of the Company, within the meaning of Section
27A of the Securities Act of 1933 and Sections 21E of the
Securities Exchange Act of 1934, and are subject to the safe
harbor created by these sections. Actual results may differ
materially from the Company's expectations and estimates.
This is an advertisement for Freshstart Properties, Inc. The
purpose of this advertisement, like any advertising, is to
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