REAL ESTATE PROPERTY AND EQUIPMENT, NET

9 Months Ended

Apr. 30, 2025

REAL ESTATE PROPERTY AND EQUIPMENT, NET

REAL ESTATE PROPERTY AND EQUIPMENT, NET

NOTE 5 –REAL ESTATE PROPERTY AND EQUIPMENT, NET

As of April 30, 2025, and July 31, 2024, property and equipment consist of as follows;

	April 30,			July 31,
	2025			2024
Homes	$	1,926,127		$	1,318,062
Lands		214,681			132,708
Construction in progress		260,538			414,407
RV Travel Trailer		13,000			-
		2,414,346			1,865,177
Accumulated depreciation		(82,303	)		(31,985	)
	$	2,332,043		$	1,833,192

During the nine months ended April 30, 2025, three (3) homes were completed.

On February 27,2025, the Company acquired one lot land located at 702 Chastain Blvd. Gadsden, AL for amount of $ 77,115.

On April 1, 2025, the Company reallocated one home from inventory for sale with cost of $102,765 to fixed assets and the home was leased for monthly $2,150 starting April 1, 2025.

As of April 30, 2025, the construction in progress consists of the cost of titles and construction expenses for three (3) homes which have not been completed.

As of April 30, 2025, the Company had twelve (12) completed homes and has entered into nine (9) separate lease agreements with monthly lease payments of a range from $1,100 to $ 2,150, for a period of one year for each home leased. As of April 30, 2025, three homes which the occupancy permits were issued, have not been leased. As of April 30, 2025, and July 31,2024, all homes were collateralized with an outstanding balance of $1,290,272 and $1,067,981, respectively (Note 7).

During the nine months ended April 30, 2025, and 2024, the Company recorded a depreciation expense of $50,317 and $20,890, respectively.