Work Force Coin: We Put Your Coins To Work
Invest In: Work Force Coin Membership Interest
In 2016, after 25 years investing in real estate and the stock market, Mark and Ethel Hayes started mining Bitcoin and Ethereum. We watched digital currency fluctuate and trade between $1K to $20K a coin. All the while, we listened to analysts express concerns of digital currency volatility increasing and decreasing hundreds even thousands of dollars within a short time period. So we asked, is digital currency reliable and sustainable? Many said, digital currency is "too ethereal" due to its lack of backing by concrete assets. Traditional experts prefer investing their money in something they can touch rather than digital currencies traded on "illusion without substance."
So, Mark and Ethel set out to combine Crypto with tangible assets.
Work Force Coin LLC Aims To Give Crypto Tangible Value in Real Estate
Mark teamed up with his wife Ethel, and together they decided to use their real estate and business backgrounds to create a real estate investment and crypto business combination. So, why tie real estate specifically to cryptocurrency?
- Real estate is an asset you can see and touch
- Real estate does increase and decrease in value depending on market conditions.
- Real estate maintains its value based on market supply & demand along with cashflow from rents and appreciation
- Real estate can be appraised and valued
Real estate acquisitions can produce income and wealth through divestments, appreciations, and rents, which in turn may produce profits or earnings thereby creating the supply & demand for Work Force Coin Membership Interest.
CORE BUSINESS MODEL:
START-UP STAGE
Invest in Work Force Coin Membership Interest
Our plan is to purchase distressed properties valued at least 15% below market value (minus repair costs),
rehab them, and then flip them for profit.
Join us in tying real estate properties acquisitions to coalese cryptocurrency to a real asset real estate.
STARTUP STAGE
Invest in Work Force Coin Membership Interest
Work Force Coin LLC is in the startup stage where we are looking at different real estate acquisition opportunities. Depending on areas, locations and pricing for real estate properties will vary greatly.
Real Estate:
We have identified several properties to purchase. However, Work Force Coin LLC does not own any real estate and has not selected any properties for acquisitions. At this time, Work Force Coin LLC has not purchased any real estate properties, nor entered into any contract of negotiation to purchase properties. Work Force Coin LLC is presenting potential investors an opportunity to become members with the hope WFC LLC can purchase properties below market value, and sell properties for a profit.
Locations, Locations, Locations:
According to Zillow.com the median home price in metro areas of California are: Orange County, $720,000; Los Angeles County, $613,000; Riverside County, $374,900; San Bernardino County, $343,300.
Potential Investment Property
Location: Orange County, CA
After Repair Value: $800,000
Purchase Price: $630,000
Down Payment 15%: $94,500
Closing Cost 2-3%: $18,360
Repairs: $50,000
Holding Cost 12/mo.: $48,000
Potential Profit: $103,640
We estimate that cash needed to complete a deal of this magnitude is approximately $210,000 which covers down payment, closing, repair and holding cost. Our goal is to purchase, renovation and divest properties within 3-6 months. An increase in mortgage interest rates may decrease our pool of potential buyers therefore extending our holding period.
Opportunity:
There are many real estate opportunities for purchase, renovation and divestment throughout California and other parts of the country.
Real Estate Acquisitions:
Our plan is to purchase distressed properties valued at least 15% below market value.
Real Estate Rehab:
Rehab real estate properties as needed.
Real Estate Holding:
Rehab/Retain
Retain certain real estate properties for rental income and market appreciation.
Real Estate Divestments:
Rehab/Sell
Sell real estate properties for profit.
Real Estate acquisitions can produce income and wealth through divestments, appreciations, and rents which in turn may produce profits or earnings.
Selling Properties:
List properties on MLS (Multiple Listing Service), open houses, different advertising.
Real Estate:
Work Force Coin LLC does not own any real estate and has not selected any properties for acquisitions.
At this time, Work Force Coin LLC has not purchased any real estate properties, nor entered into any contract of negotiation to purchase properties. Work Force Coin LLC is presenting potential investors an opportunity to become members with the hope WFC LLC can purchase properties below market value, and sell properties for a profit.
Investment: Class B Membership Interests, deliverable in token form ("Work Force Coin Tokens")
$1/Class B Membership Interest│ When you invest you are betting the company’s future equity value will exceed $11.7M.
For details on the bonus, please see the Offering Summary below.
Description: Work Force Coin Tokens will represent a single Class B Membership Interest, with rights, preferences, privileges, and restrictions as designated in the Operating Agreement and attached as an Exhibit to the Offering Document. Work Force Coin Tokens will be issued on Etherscan The Ethereum Block Explorer ERC-20
The right to tokens is contingent upon the successful development of such Tokens and to the extent applicable, the blockchain upon which they function. There is no guarantee that successful development will ever occur. If development is not completed, investors will still receive shares in book-entry form.
Work Force Coin LLC is a real estate investment company providing potential investors an opportunity to become members, investors and owners of the company when they invest in our Work Force Coin “Membership Interest” or “token”.
Work Force Coin LLC's plan is to engage in real estate investments through acquisitions and divestments of residential and commercial properties, hotels, and resorts in California, growing areas throughout United States, Europe, Asia and North America.
Our goal, if achieved, is to purchase real estate at below market price to "Fix and Flip". Some properties may require minor repairs what we consider "cookie cutter" rehab. Cookie cutter rehab are properties in need of a fresh coat of paint, perhaps new flooring and updated landscaping. Other properties may require more intensive work such as updated wiring, new roofing, removal of all drywall, and kitchen and bath remodeling.
Buy and Hold Strategy
There may be times while executing our business strategy of buying and selling properties that we implement a buy-and-hold strategy on a particular property. This strategy will allow us to purchase a property, make minor repairs and hold the property while leasing to potential tenants to receive monthly income, allowing WFC’s to grow over time.
Competition
The majority of our competitors are traditional run-of-the-mill real estate investors and real estate investment companies who have not integrated digital assets into their corporate structure.
Work Force Coin Membership Interests are planned to be distributed in token form and backed by real estate owned by the LLC.
Some investors could be drawn to crypto because it's believed to be secure due to the blockchain. Many believe the blockchain cannot be broken or penetrated. There are skeptics who question the way crypto is valued. These individuals push back on the belief that crypto has any real or intrinsic value to be considered a true currency or security.
Work Force Coin's Solution
Money raised during WFC LLC crowdfunding will be used to acquire real estate (residential, commercial, hotels and resorts) throughout the US, Europe, Asia and North America. If and when Work Force Coin Membership Interests trade on crypto exchanges, token holders may be able to sell their tokens directly to potential worldwide investors (some restrictions may apply).
Our plan is to purchase distressed properties valued at least 15% below market value (minus repair costs), rehabbing them, and flipping them for profit.
Real Estate Acquisitions:
Our plan is to purchase distressed properties valued at least 15% below market value.
Real Estate Rehab:
Rehab real estate properties as needed.
Real Estate Holding:
Rehab/Retain
Retain certain real estate properties for rental income and market appreciation.
Real Estate Divestments:
Rehab/Sell
Sell real estate properties for profits.
Real Estate acquisitions can produce income and wealth, through divestments, appreciations, and rents which in turn may produce profits or earnings.
Real Estate:
Work Force Coin LLC does not own any real estate and has not selected any properties for acquisitions. At this time, Work Force Coin LLC has not purchased any real estate properties, nor entered into any contract of negotiation to purchase properties. Work Force Coin LLC is presenting potential investors an opportunity to become members with the hope WFC LLC can purchase properties below market value, and sell properties for a profit.
Real Estate Purchase:
We’re presenting an opportunity for potential investors to purchase Work Force Coin membership interest with the hope that we can acquire properties at least 15% below market value.
We intend to evaluate each property in the following manner:
- Obtain property information on its condition, estimate costs for rehabilitation and feasibility of possible improvements;
- Use historical rental rates and vacancy rates if such information is available and useful;
- Obtain similar availability information of comparable properties in the area including recent sales price; analyzing rental values, vacancy rates and operating expenses; review crime statistics for the area; review school information; review any other relevant market information;
- Use the above criteria to analyze potential profit.
There are no guarantees that we will be successful in our endeavor of acquisitions and or divestments of any real estate properties.
Work Force Coin Membership Interest Tokens
We're offering 1.07M Class B Membership Interest. One Token is the same as one Membership Interest.
At times there is an upward trend in the current real estate market (see sources below) which can mean there are possibilities we'll be able to buy depreciated real estate for discounted prices and flip it for profit.
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With a combined 60 years of expertise in the Real Estate Investment industry, Work Force Coin believes we can deliver value to our business. We're offering 1.07 million Class B Membership Interests in this Offering. We believe the money raised will give us a good foundation to acquire more and more real estate in California and throughout growing areas of United States, Europe, Asia and North America.
Work Force Coin's goal is to achieve value by investing in and reselling real estate, an external, tradable asset.
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