StockGuru Blog: Freshstart Properties (FSPP) – Where The Growth Is In Housing!
Freshstart Properties, Inc. (OCT: FSPP) FSPP is exploiting the downturn in housing. Expanding to Newer Markets Freshstart Properties is expanding its national footprint by seeking acquisition of properties outside the Seattle-Tacoma area. In seeking to diversify its portfolio, the company is constantly evaluating properties across Washington state. The current turmoil in the markets present an excellent opportunity to move into other markets beyond Pierce and King county. Lower Overhead Costs The overhead costs for Freshstart Properties are comparatively lower than companies that acquire large tracts of land and develop them into residential apartments. The prime advantage is lower working capital…