REO Sales Presentation Aug
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REO Sales Presentation Aug

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Buy homes pennies on the dollar and have a management company manage the property for you!

Buy homes pennies on the dollar and have a management company manage the property for you!

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REO Sales Presentation Aug Presentation Transcript

  • 1. Welcome to The REOs business offer by C & C Land Travelers LLC
  • 2. Disclaimers
    • Neither Carol Arya nor her partners, affiliates, or team members provide legal or tax advice.
    • Any d ocuments provided in this presentation are examples only. Always seek professional advice with respect to any document used in a real estate transaction.
    • A lways consult a real estate attorney for legal advice on your real estate deals.
  • 3.
    • Foreclosure terms
    • Bulk REO challenges and opportunities
    • Buying the REOs
    • Listing the REOs
    • Qualifying Buyers
    • Selling the REOs
    • Collecting the income
    • Maximizing reward/Minimizing risk
    Making money in REOs Today
  • 4. Foreclosure Terms
    • Foreclosure is a process that gives a lender or other lien holder the right to sell or repossess a property after the owner has failed to comply with an agreement between the parties whereby the property was pledged as a guarantee.
  • 5. Foreclosure Terms (REO)
    • REO means Real Estate Owned (by the bank)
    • It is a term that refers to the real estate that the bank had to repossess from a borrower who defaulted on the terms of a loan owed to the bank and secured by a real property.
    • The bank goes through a foreclosure process and ends up taking over the property from the borrower to recover their loan loss . (It becomes an REO in the Non performing Assets Dpt.)
  • 6. Foreclosure Terms (Land Contract)
    • It is a contract agreement between a seller and a buyer whereby the seller finances the sale price by carrying a note and retaining legal title of property and buyer qualifies easier and faster by making timely payments till pay off with interest to get legal title of ownership
  • 7. Foreclosure Terms
    • Deed and title: A deed is a the document that proves ownership. The title is the manner for which you want to own the property. On the deed of ownership you may hold title as a single and sole owner, or as a LLC etc.
  • 8. REO challenges
    • Thousands of REOs are available:
    • Banks want to sell you a minimum of 100 homes (in bulk) to give you the best price
    • Banks want to see proof of funds (no financing)
    • Banks want to make sure you have experience
    • Banks sells them to you “as is where is”
  • 9. REO Challenges
    • You, the investor must deal with each property individually no matter the location (they are spread out nationwide) to fix it up first then either:
    • Sell it at retail price (realtors commission)
    • or
    • b) Rent it at market value for a long term upside (takes long time)
  • 10. REO challenges
    • Must pay all cash (several millions for bulk)
    • Must pay any property taxes still owed
    • Must pay any water liens still owed
    • Must get and pay for property insurance
    • Must place a combo lock box (get photos)
    • Must place a For Sale sign outside property
    • Must take calls and qualify buyers
    • Must send contract and execute the sale
  • 11. The REOs reality
    • Too much work and risk for long term profits
    • Must have an office and/or a great team to coordinate various functions per property (Purchasing-rehabbing- qualifying buyers or renters- doing legal paper work- title and deed transfers- handling the income- processing expenses- managing risks)
    • Must have over $1,600,000 in CASH AND show EXPERIENCE for bank to consider selling a minimum bulk purchase of 100 homes
  • 12. REO opportunity
    • We have hundreds of REOs available:
    • With us you can buy 10 properties at a time
    • Your price will be $23,000 each and they resell at apx. $35,000 or more (some sell as high as $75,000)
    • You get a full turn key opportunity by having an expert support service team that handles your deals from A to Z
    • The support service package is offered to you at no additional charge and it includes a g uarantee
  • 13. REO Opportunity
    • Your $23,000 investment per property includes the following fees, services and guarantees:
    • The property taxes, if any are owed
    • The water liens, if any are owed
    • Support gets you property insurance (you pay)
    • They place a combo lock box (and get photos)
    • They place a For Sale sign outside
    • They take the calls and qualify buyers
    • They send the contract after you select buyer(s)
  • 14. REO opportunity
    • They sell the homes on a land contract within 90 days or less ( contract included )
    • They turn over contract to a national service company to collect and deposit in your bank account the PITI payments (fee)
    • We guarantee an exchange of properties in the unlikely event any of your properties are found burned down (1% statistically) within less than 10 business days
  • 15. REO opportunity
    • Some homes may need rehab but this is not a problem because when home is sold on a land contract based on Support teams surveys for apx. $500 down and low monthly payments of apx. $375 (less than local rent) buyers accept property in “as is where is” condition and stick to payment schedule to realize their dream of ownership and build equity.
    • If they default on the payments of a land contract they are evicted and not foreclosed on
  • 16. REO Opportunities
    • Title is assured to be clear and insured when reselling to end buyer (s)
    • Deed may take apx. 90-180 days but you do not transfer it to buyers until they paid on time for 12 months on the land contract
    • Assistance in case of default . Support can coordinate with legal office for less than $700 fee. You may resell at higher price!
  • 17. Seven Steps to Profitable REOs
    • You buy a batch of 10 properties plus
    • Let the support service division handle your listing and qualify the buyers for you
    • Respond promptly to any calls and emails from support to qualify and select a Buyer from the list they send to you
    • Read and sign all documents of sale sent to you
  • 18. Seven Steps to Profitable REOs
    • Give your bank info to the loan servicing company to deposit money into your bank account
    • Enjoy income for a year or longer then contact buyers and ask them to get a new loan to cash you out based on their good history of paying on time
    • You may decide to discount the note and sell it at a discount anytime once you have history of payments, we can help you with that.
  • 19. Our Objective
    • To sell as many properties in the next 24 months and help 4 different parties:
    • 1) The investors who need cash flow and a chance to participate in the profitable REOs but on a smaller scale. They prefer the low risk, high cash flow of these properties with a turn key service opportunity but have been too busy and confused to find a successful, low risk business model
    • 2) The end buyers who need a chance to own a home and take advantage of the low prices but cannot due to low credit scores . They much prefer to own instead of rent to rebuild their credit and get a chance to build equity
  • 20. Our Objective
    • 3) The banks who got greedy and ended up foreclosing and holding non performing assets nationwide
    • 4) The training companies that have been offering one educational program after another without presenting the actual real estate opportunity and creating cash flow for their investors
  • 21. Review
    • Buy 10 properties in batches @ $230K
    • The support team will assist you to list and sell as well as get the positive cash flow
    • You can keep the income or sell the note at a discount
    • You have support and guarantees on the lowest price ever offered in REOs
  • 22.
    • Our affiliates pay all back taxes and liens if any
    • List the properties and qualify buyers
    • Do all the legal paper work
    • Your property is resold on a land contract within 90 days
    • Your returns are usually around 20% and they are secured against your RE
    • Offer guarantees and deliver results
    • e-mail: candclandtravelers@gmail.com
    C & C Land Travelers LLC