
Kronos Investments is a real estate investment company formed to purchase
residential homes with values ranging from $75,000 - $250,000 to either
hold/rent or renovate/sell. The target investment home is being purchased
at a reduction of 30% - 60% of current market appraisal value.
The
financial metrics of the homes that are rented include a rate of return
with a minimum cash appreciation return of 50% of the total project
cost. The financial metrics of the homes that are purchased to be renovated
and immediately sold require a minimum return of 30% of the total
project cost.
Kronos Investments has a cash fund, provided by the principals, set up to
take advantage of quick closes and lack of financing requirements. In
addition, an investor fund is in place to increase the number of properties
that can be purchased to add an additional revenue stream to Kronos
Investments.