Financial Freedom Investments
An investment company
Overview
Raised: $2,900
Total Commitments ($USD)
Platform
Honeycomb
Start Date
06/10/2020
Close Date
07/27/2020
Min. Goal
$10,000
Max. Goal
$50,000
Min. Investment
$100
Security Type
Debt
Series
Seed
SEC Filing Type
RegCF
Rolling Commitments ($USD)
Status
Not Funded
Reporting Date
08/01/2020
Days Remaining
Not Funded
% of Min. Goal
Not Funded
% of Max. Goal
Not Funded
Likelihood of Max
Not Funded
Avg. Daily Raise
$63
# of Investors
6
Momentum
Not Funded
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Year Founded
2017
Industry
Real Estate & Construction
Tech Sector
Non-Tech
Distribution Model
B2C
Margin
Medium
Capital Intensity
High
Financial Freedom Investments, an investment company with a diverse portfolio of assets, is raising funds on Honeycomb. The company sells or leases properties to homeowners and tenants and earns through its fix and flip strategy or buy and hold strategy. Financial Freedom Investments was founded by Aekeam Awad in 2017. The current round of crowdfunding has a minimum target of $10,000 and a maximum target of $50,000, and the funds will be used to stay afloat during COVID-19 by paying mortgages on the owned properties and acquiring new properties and materials. Financial Freedom Investments is a Baltimore-grown business that hires local workers and believes in giving back to the community.
Summary Profit and Loss Statement
| Most Recent Year | Prior Year | |
|---|---|---|
|
Revenue |
$295,504 |
$282,390 |
|
COGS |
$118,268 |
$329,388 |
|
Tax |
$0 |
$0 |
| ||
| ||
|
Net Income |
$171,812 |
$-47,032 |
Summary Balance Sheet
| Most Recent Year | Prior Year | |
|---|---|---|
|
Cash |
$47,312 |
$2,097 |
|
Accounts Receivable |
$0 |
$0 |
|
Total Assets |
$185,451 |
$190,237 |
|
Short-Term Debt |
$-12,190 |
$2,881 |
|
Long-Term Debt |
$104,000 |
$257,200 |
|
Total Liabilities |
$91,810 |
$260,081 |
Financials as of: 06/10/2020
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