Celmenton Bell Investment Group, LLC has several projects under consideration. One, which we call the Priscilla property, is a great example of the traditional buy and hold strategy that Celmenton Bell will utilize. The property is in good condition such that a loan could be obtained prior to purchase. This lowers the amount of capital required upfront because the loan will account for about 75% of the purchase price. This will be Celmenton Bell’s primary strategy to grow and acquire properties quickly and efficiently.
Another project that we (consider lucrative) is called the Plymouth property, but the condition of this property is such that traditional financing will not be forthcoming and thus the upfront costs will be commensurately higher.
However, in cases like the Plymouth property,we expect substantial discounts on the purchase price of the property, especially if we are the only potential buyers in the market for these unsalable properties.
In cases such as the Plymouth property, we intend to purchase the property with cash, rehabilitate it up to code, lease it out to tenants, obtain financing from a lender, and then hold the property long term as in the case of a Priscilla type property.
Lastly, some properties that can be quickly rehabilitated and flipped, as in the case of one we call the Pearl Harbor property, will be purchased with cash, quickly fixed, and immediately flipped. We will employ this strategy as our need for capital dictates, but due to tax considerations and the desire to create long term wealth for our investors, this will not be our primary method. However, Celmenton Bell LLC will not limit itself only to Real Estate. As a holding company we intend to take advantage of every opportunity that presents itself, initially with regards to real estate, but eventually we intend to invest in distressed companies as well.