Elite Properties, LLC was formed in January 2007 to invest in distressed properties that require rehabbing for retail or rental. The investment in distressed properties is in Toledo, Ohio and surrounding suburbs.

We target properties that can be acquired at 70% or less of the current fair market value after repairs. These properties generally need moderate to major renovations to go into the retail or rental market. The resale value of the properties after repair ranges from $50,000 to $150,000.

Our strategy is based solely on making sure the profit is made going in and not on speculative appreciation months or years down the road.

As we develop our business we have put in place a solid group of people with defined roles that will ensure our success such as Realtors, settlement attorneys, contractors, and bankers. As with any business we will continually evaluate each member’s role and contribution and make necessary changes.