Property For Buy
Our site allows people to post property that they wish to buy, but don't have the income to buy it alone - other interested buyers can then see their listing, contact the poster, pool their incomes, and buy the property.
| Startup type: | Competition Entry |
| Status: | Active |
| Stage: | Just An Idea |
| Publicity: | Stealth mode. No media please. |
| Industries: | Internet, Real Estate |
| Location: | Irvine, CA |
| Website: | http://www.propertyforbuy.com |
OUR NEWS
Long ago
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14 February 2009
Narek Gabrielian joined the team. |
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Student of Psychology and Social Behavior, Infopreneur, Self-Improving Machine :-)
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09 February 2009
Property For Buy updated their description |
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09 February 2009
George Vardakostas created the startup |
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Orange County local, studying Business Economics and Accounting at UC Irvine.
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ABOUT US
Real estate acquisition is one of the fastest and most promising ways to obtain one’s financial freedom. However, the average Joe in the United States has no way to buy real estate for investment purposes because his income is well below what it needs to be in order to make the payments on a piece of property. Furthermore, banks have been hit by the credit crisis which has caused them to make the buying process more difficult for the individual investor. However, the average-income investor would be able to purchase real estate if he were somehow able to connect with other investors who wanted to purchase property in their area. To solve the potential buyer’s problem, if several interested buyers go together, they could pool their incomes and make the payments on a piece of property. On the banking side, the investors present less of a risk of defaulting on their loan because if one of the investors can’t make the payments, the other investors can take over his stake in the property and payments. Enter www.propertyforbuy,com (name to be decided), a website that allows buyers and sellers to post real estate listing for other interested buyers to see.
THINGS WE NEED
The Property For Buy team hasn't posted any needs yet.
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Narek Gabrielian
Student of Psychology and Social Behavior, Infopreneur, Self-Improving Machine :-)