CHICAGO, April 15, 2015 /PRNewswire/ -- Alex Al-Sabah, a leading Chicago area housing investor and major force in neighborhood rehabilitations on the city's South Side, has announced the forming of Elite Invest.
The company purchases buildings, rehabilitates the units into beautiful, modern housing, and gives investors the opportunity to own these rental properties, all of which are professionally managed by their subsidiary company, Elite Rentals & Management.
Al-Sabah sold his interest in ProfitFromRentals.com, and has secured $10,000,000 in initial round funding to invest into targeted lower income housing communities.
Al-Sabah has dedicated over ten years towards improving and simplifying real estate investing. He has developed a proprietary system that makes it easy to buy rental properties with a positive cash flow and superior appreciation.
In addition to a comprehensive understanding of the local housing market in Chicago, the company founder also applies macro-economic theory to each project, to create a "reality-based" business model on each property.
Elite Invest uses these proprietary systems and proven technologies to offer high quality, professionally managed rental properties for purchase to investors, whether local, or in other states or countries.
Earlier in his career, Al-Sabah owned and operated EPVRpeorts.com, one of the nation's largest residential real estate due diligence companies, with a valuation exceeding $17 billion worth of residential assets.
"By being highly selective and disciplined in our approach, we are able to provide greater cash-flow than comparably priced real estate investments in other U.S. markets," Al-Sabah commented. "When you look at our comprehensive set of services, the quality of our properties, and the economies of our investments, we have a very strong value proposition."
For more information on Elite Invest, please call 312-690-7711.
About Elite Invest:
At Elite Invest, the core mission is to rehabilitate and revitalize Chicago neighborhoods. The company brings investment dollars into select communities and purchases distressed assets, rehabilitates them, and subsequently rents and manages the property. In doing so, the company improves many lives by creating commerce as well as jobs for the construction industry, while increasing the standard of living for communities - with fresh and modern designed homes.
Elite Invest, LLC currently owns or manages over 450 rental properties.
SOURCE Elite Invest