JSD Holdings Group is a manifestation of John Delia Jr’s ambition to purchase under-valued properties, restore, and provide quality housing options within the greater Columbus area. The company is yet young, but boasts an ambitious business plan to accomplish restoration of 16 properties in the first 24 months of business.
JSD Holdings Group, LLC invests in real property and real estate by purchasing lien free cash deals. Maintaining low cost purchase pricing as well as rehabilitation are keys to our “buy and hold” method.- Currently there are 17,000 listings available and almost half (49.5%) are priced at $150,000 or below. The vast inventory and continual market saturation has provide ideal conditions for investments. Through the first 8 months of 2010, Columbus saw a 4.9% increase in closing activity and a 3.6% increase in average sale price. The Federal Tax Credits, placed a large role in sale increases. With less tax incentive and continued overall market uncertainty ended we are seeing a market trend toward lower prices and slower activity
- JSD Holdings Group, LLC targets distressed single-family and two-family (duplex) dwellings located in predominately stable neighborhoods. We search for homes in neighborhoods that show signs of “homeowner pride.” Under various circumstances, structurally stable homes that JSD Holdings Group, LLC pursues in current market conditions, can now be acquired at 50% or below current fair market value repairs as U.S Department of Housing and Urban Development (HUD) or Bank Owned Foreclosures (REO) sales. Neighborhoods throughout the City of Columbus hold value investments. Property that normal should retain high sales values are now being sold for remarkable discounts. These properties generally may need moderate to major rehabilitation to become preferred rental “buy and hold” units. The resale values of the properties after repair may range from $60,000 to $150,000. Through strategic redevelopment of said assets, JSD Holdings Group, LLC can provide quality affordable housing, while improving neighborhoods and achieving profits.
What has been will be again, what has been done will be done again; there is nothing new under the sun. Ecclesiastes 1:8-10 Some say we are in scary times, but if you look back to the last real estate cycle you will see that many millionaires were made during times like these.
Tuesday, October 19, 2010
JSD Holdings Group
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