One hundred and fifty thousand dollars is a considerable sum to work with. The scope of my plan requires at least as much. I believe my plan addresses several contemporary issues: the plight of divorced, widowed, or otherwise single women who have little or no business experience, the simultaneous stress on personal finances, and the likely stagnation of real estate development for the foreseeable future. My plan is not for profit, but rather a mechanism to support and enrich the lives of women who desire investment and home improvement techniques through sweat equity, their own skills, and the support of women contractors. I can't think of a more productive and beneficial way to use my experience and knowledge of the real estate and mortgage financing industries to improve neighborhoods and provide a better quality of life for women. I have invested much of my life in this endeavor and have earned not only my broker's license, but also several professional designations to assist others in their success in becoming real estate owners and developers. (Designations explained below) Our goal would be to achieve a 90% female contractor base. Additionally, given the current glut of foreclosures, I would approach lenders about donating foreclosed homes to a non-profit, tax-exempt corporation. The banks would get tax benefits and we would have properties to rehabilitate and sell. Any profits would be reinvested in other projects and no more than 15% would be required for operating expenses. This organization will be called Women's Work. With sufficient resources we will purchase a home in a downtown area that requires cosmetic improvements, but has strong structural integrity. We will determine this because… middle of paper… we do. Apprentices are women looking for work, a career change or college students who need an internship and want to learn about real estate investment and rehabilitation from the ground up. They will learn, work, and ultimately teach every aspect of the process to the women who will purchase the properties. This project is feasible and has the potential to grow into other areas as well. Women need stronger representation as homeowners and also in the construction and contracting sectors. This project will enable women to learn new trades and become self-sufficient, as well as improve neighborhoods with distressed properties. Crime will be reduced and neighborhoods will have people living in otherwise empty homes. Women and children will have homes of their own and families will be preserved. Municipalities will also benefit from a better tax base.
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