Upward Properties LLC | Application Preview
Upward Properties LLC is seeking government grant funding to complete the rehabilitation of properties that were damaged by Hurricane Ian, with the goal of preparing them for sale. The business aims to expand its rental property portfolio while increasing the number of properties it acquires, rehabs, and sells each year. To enhance efficiency and speed, Upward Properties plans to grow its team accordingly.
The company highlights its strong financial standing, with a property portfolio valued at $4.9 million and a dedicated team that includes four real estate agents, an office manager, a project manager, and a transaction coordinator. Since 2019, Upward Properties has nearly doubled its gross income annually, showcasing robust growth.
While competition exists from larger real estate teams in Southwest Florida, Upward Properties distinguishes itself by its unique ability to flip a significant volume of properties. Furthermore, the company emphasizes its commitment to the local community through charitable donations and by providing owner financing options to families, helping them achieve their dream of homeownership. This community-focused approach reinforces their case for funding approval.
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General Information
Business Registration Number: 83-2599208
Location: Lehigh Acres, FL, United States
Length of Operation: 1-5
Number of Employees: 1-10 Employees
Annual Gross Income: $1M to $10M
Annual Gross Expense: $500k to $1M
Open to Loans: YES
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Funding Usage
To complete the rehabs on all properties in progress which were further damaged by Hurricane Ian so that they can be ready for sale.
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Business Plan
We will continue to grow the amount of rental properties in our portfolio in addition to increase the amount of properties we acquire, rehab and sell each year, and grow our team accordingly for efficiency and speed. We currently have a strong portfolio of properties with an equity worth $4.9 million dollars. We have a strong team consisting or a real estate team with 4 agents, an office manager, project manager and transaction coordinator. We have almost doubled our gross income each year since 2019.
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Self Identified Competition
In Southwest Florida there are larger real estate teams than us, but very few companies that flip the volume of properties that we do. We give back to our local community through donations to churches, non profits, and we genuinely care for our tenants and their families. We have even offered owner finance opportunities to family making their dream of owning a home a reality.
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Contact Applicant
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