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Bullboard - Stock Discussion Forum
My City Builders Inc
MYCB
Industrials
Conglomerates
My City Builders, Inc. operates through its subsidiary, RAC Real Estate Acquisition Corp (RAC). The Company, through RAC, plans to focus on real estate transactions, in which the Company seeks to buy and develop real estate for sale or rent of low-income housing. The Company intends to invest in three sectors of this market by buying, refurbishing, and selling traditional foreclosures; buying...
, developing and renting land banks that have an average pool of homes or lots in excess of 100 in one location; and buying, refurbishing or developing and selling homes made available by the government through Home Equity Conversion Mortgage (HECM) pools. The Company works with a third-party vendor to facilitate this plan.
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