Tag Archives: Turnkey REO Properties

The Two Most Import Criteria For Real Estate Investors

What Are The Two Most Important Criteria for Real Estate Investors?

secure plus excellent ROIAnswer:
1. Security
2. Cash on Cash Return on Investment 

A primary product of our business  is single family homes already occupied with a contract for deed and promissory note. Right now we have 13 houses occupied and fully performing meaning the people in these houses are paying on time each month. The as is value of these houses is 30-50% higher than what we can buy them for. This is because these houses initially were unoccupied and were acquired by the current owners at deep discounts  As our marketing partner found people who wanted to buy the houses on terms the people   had to do the necessary repairs so they could live in the house. As these repairs were completed the value of the house increased.

As an example of a  typical deal the current owner pays $15,000 for a house.  The person who wants to buy the house on terms signs a promissory note with the owner for often times double the price paid or $30,000. (All numbers are illustrative but are representative of how it works). Checking on line sources the estimated value after repairs could be $45,000 or more.

Everything is  100% turnkey meaning once these houses are purchased the only things that change is the deed and note are recorded in the name of the new owner and  the monthly payments are sent to the owner. The cash on cash return on investment on the 13 houses  is 15%. Cash flow is immediate.

If you are note clear what this means, think of how most people buy a car on terms. They do not own the car until the note is completely paid. Our houses work the same way. The owner has the  the deed until the note is paid off then the deed is transferred to people paying for the house on terms. .

We have partnered with the owners of these houses and will sell them occupied  for cash. We are also networking for favorable rates from lenders to buy these houses in our own LLC. When we are successful with a lender that likes our model we will expand to acquiring many more houses like the 13 an we can because we have the network.  Please note this is a nationwide program. The 13 houses are in 9 states. Our partner company has been acquiring and managing houses for over 10 years on a national level. This model is not an idea. It is one that is proven.

Again whoever buys these houses  get the deed and the promissory note.  The owner can hold the property or resale the property for a likely gain as the notes become more seasoned. How is a gain possible?  The longer the note is performing the more interested are note buyers where the note is backed by a deed.

Cash On Cash Return on Investment is 15% Net for the 13 houses available now.  Note the owners are selling at a discount from the promissory note amount that results in the return being higher than the face amount of the note.

Security – Completely backed by the value of the property which is always higher than the price paid for the property.

 

Turnkey Properties, Turnkey Real EstateTotal Turnkey Process

This is a completely hands off process for you.  You buy the house or houses for cash and the rest is all handled for you. We have an affiliated partner that finds these deals and services the property. Services means they collect the payments and make sure the property taxes are paid.

Better Alternative Than Wholesaling,  Flipping , Renting 

This is secured, predictable, minimal risk and no work on your part.

Steve Pohlit
Real Estate Investor
Independent BEMER Distributor
Business and Real Estate Investment Coach
727-224-4743
Email 

 

 

Turnkey Bank Owned REO Real Estate Opportunity – Exclusive

Turnkey Properties, Turnkey Real Estate This is a very straight forward nearly 100% do it for you. Here are the steps:

1. Each month we bid on well over 1,000 bank owned single family homes. You can get the list and participate or wait for the list of properties awarded.  For more information on the bidding process, Please Click Here

2. On about the 20th of the month, we receive notice of the bids awarded. For example we have that list now and the deals move real fast because the price of the homes are in nearly every instance substantially below market value.  This month we have a bit of an unusual situation because of Memorial Day we have extra time to make a buying decision. Email me now and I will send you what is available now and if by chance we get sold out you can be included on next month’s list.  The only thing I ask is that you have liquid cash to submit to our title company’s escrow account for what you want to buy.

3. With any house on the awarded list that has not already sold, when you send in your money it is yours. You can fix it and flip it, you can rent it, lease option it or place it with our buy here pay here home program.  This last option involves the least amount of time and effort on your part. Everything is handled for you including preparing the home to be marketed to a buyer, finding the qualified buyer, negotiating the deal so you get maximum return, servicing the note for you and helping you sell the note should you want to cash out.

That’s It – People who are acting fast are getting the best deals However we have yet to see a deal the didn’t offer the potential for substantial above market returns  One more thing,  there are often 10 or more properties that can be acquired for less than $10,000 You may be thinking tear down. Well that could be an option depending on the location. In most cases they are simply bargain basement purchases.

Remember : “Identify The Barriers, Destroy The Barriers, Build The Dream”

Steve Pohlit
Real Estate Investor
Health and Wellness Advocate
Business and Real Estate Investment Coach
727-587-7871
Email