Our Aim is to create a decentralized token on the Stellar Platform and use the proceeds to purchase residential and commercial properties for the rental market. The rental income is used to purchase more properties since there are no mortgages on the properties. A percentage of the rental income is used for maintenance and day to day running of the company. The advantage of owning properties without a mortgage is that the company won’t get into any difficulty even during recession which seems to repeat every 10 years since 2008. No debts therefore no need to pay anyone. No properties lost to the banks. During the next recession the tenants of the property who loses their jobs or for any reason unable to pay the rent can work out a payment plan with the company and remain in their rental properties. Since we don’t have to pay anyone any money we can work out a reasonable payment plan till the country recovers from the recession. Nobody gets kicked out of their properties meaning everyone is happy. We are planning to issue 91,000,000 tokens. With the proceeds we start purchasing properties. The properties are then rented. The rental income is used to purchase more properties. The value of the 91,000,000 now increases with the additional properties purchased. Imagine living in a world where the value of your money is stable. The beauty of the decentralized world.
Houses that are being repossessed will be bought from the mortgage companies before being repossessed and a reasonable rental agreement will be arranged with the owner and the property owners allowed to live in their own houses. A private independent property valuation company will be asked to value our assets every six month and the results will be published on our website. This not only gives assurance to our investors it also gives us an indication of where the company is heading.
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