Paradise Home Properties, LLC. (PHP) will purchase properties in 3 specific counties in Florida (Lee, Collier, Charlotte) that are documented to have recovered from the real estate collapse. PHP’s anticipated turn time is 45 days. PHP has analyzed the market and has chosen the low end (below $200,000) which has increased in unit volume by 30% from 2005 for each of the past 3 years. PHP will rehab properties to “better than new” condition and resell to the end user. PHP’s experience buying and selling over 400 homes proves homes sell faster and with higher margins when they have been fully rehabbed. Recent sales reports via the MLS (Multiple Listing Service) can be provided in order to show the real estate market in these 3 counties has recovered from the market lows. PHP’s management team has experience with operating profitable startups in the mortgage and residential construction fields.
PHP’s extensive research has narrowed our focus to 3 counties in Florida that have begun the recovery process. In 2011, 13,362 SFR (single family residential) properties were sold in Lee County Florida alone. In 2005, 10,273 SFR units were sold. Unit sales are up 30%. Current inventory is below 6 months supply in our 3 county area. Previously it was a 15 month supply. Homes below $200,000 in these areas are selling in single digit days. Year over year prices are up 14.5%.
After graduating from Trinity Christian College in Palos Heights, Illinois, Mr. Paarlberg was employed as a marketing and bid Manager by Vancom, Inc., a transportation company in Illinois. In 1991, Mr. Paarlberg established Fairway Mortgage, Inc. and is the current owner of this full service mortgage company licensed in six states with its headquarters in Illinois. Over twenty (20) years in the finance arena has provided extensive experience and knowledge in banking, underwriting, staff management, quality control, state and federal compliance with regulatory agencies, and financial evaluation of individuals and real estate deals. Additional licensing with FHA has allowed Fairway Mortgage to expand into government sponsored lending opportunities over the years. Mr. Paarlberg also has a business interest and role in Analytical Science Corporation, an established software technology company.