PROPERTY AND EQUIPMENT

12 Months Ended

Jul. 31, 2023

PROPERTY AND EQUIPMENT

PROPERTY AND EQUIPMENT

NOTE 5 – PROPERTY AND EQUIPMENT

As of July 31, 2023 and 2022, property and equipment consist of as follows;

	July 31,		July 31,
	2023		2022
Homes	$	550,680	$	-
Construction in progress		333,596		-
	$	884,276	$	-

As of July 31, 2023, three (3) homes were completed and $550,680 was recorded as Homes, the construction in progress of $333,596 consists of the cost of titles and construction for six (6) homes which have not been completed. Four (4) homes have been available for lease in August 2023 and the remaining Five (5) homes should be completed and ready for lease in the first and second quarters of the year ended July 31, 2024.   Construction in progress is not depreciated until ready for service.   

During August 2023, the Company entered into a lease agreement with monthly lease of $1,250 for period of one year. The remaining two finished homes are on the market for lease at the same rental price.