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Construction in Progress
3 Months Ended
Mar. 31, 2014
Construction In Progress [Abstract]  
Construction in Progress

Note 3: Construction in Progress

 

The Company engages in purchasing properties for the purpose of keeping them as rental properties, and/or remodeling them and selling them at a profit. Construction in progress consists of properties the companies has purchased which our currently being renovated. In August 2013, the Company purchased a property in Salt Lake City for $157,687. The Company has spent $42,596 as of December 31, 2013 in remodeling costs for this property. On January 15, 2014 this property was sold for $226,046.

 

In February 2014, the Company purchased a property in Salt Lake City for $260,420. The Company has spent $20,000 in remodeling costs for this property as of March 31, 2014.