Monday, 11 August 2014 09:00 AM
Santa Monica, California / ACCESSWIRE / August 11, 2014 / SouthCorp Capital, Inc. (OTCQB: STHC) announced today it has acquired an additional residential property in Indiana. The Company expects to close on the house by the end of August. The Company’s initial budget is $70,000 for the purchase price and renovations with a 60-day renovation timeline. The Company expects to list the property for sale between $125,000 and $175,000. The expected dividend from the sale of the property would be between $30,000 and $75,000.
As of August 11, 2014, the Company's issued and outstanding share count has not changed and remains 249,057,315
About SouthCorp Capital.
The Company focus is on the acquisition and renovation of single-family and mutli-family properties in the U.S. with the intent of reselling the property after renovations have occurred. Our real estate investments are expected to focus properties undervalued and/or in need of some repairs.
Notice Regarding Forward-Looking Statements in this press release which are not purely historical are forward-looking statements and include any statements regarding beliefs, plans, expectations or intentions regarding the future. Actual results could differ from those projected in any forward-looking statements due to numerous factors. These forward-looking statements are made as of the date of this news release, and we assume no obligation to update the forward-looking statements, or to update the reasons why actual results could differ from those projected in the forward-looking statements. Although we believe that any beliefs, plans, expectations and intentions contained in this press release are reasonable, there can be no assurance that any such beliefs, plans, expectations or intentions will prove to be accurate.
Contacts:
SouthCorp Capital, Inc.
Joseph Wade
661-418-7842
[email protected]
http://www.southcorpcapital.com/
SOURCE: SouthCorp Capital, Inc.