REO Sales Presentation Aug


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

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REO Sales Presentation Aug

  1. 1. Welcome to The REOs business offer by C & C Land Travelers LLC
  2. 2. Disclaimers <ul><li>Neither Carol Arya nor her partners, affiliates, or team members provide legal or tax advice. </li></ul><ul><li>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. </li></ul><ul><li>A lways consult a real estate attorney for legal advice on your real estate deals. </li></ul>
  3. 3. <ul><li>Foreclosure terms </li></ul><ul><li>Bulk REO challenges and opportunities </li></ul><ul><li>Buying the REOs </li></ul><ul><li>Listing the REOs </li></ul><ul><li>Qualifying Buyers </li></ul><ul><li>Selling the REOs </li></ul><ul><li>Collecting the income </li></ul><ul><li>Maximizing reward/Minimizing risk </li></ul>Making money in REOs Today
  4. 4. Foreclosure Terms <ul><li>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. </li></ul>
  5. 5. Foreclosure Terms (REO) <ul><li>REO means Real Estate Owned (by the bank) </li></ul><ul><li>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. </li></ul><ul><li>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.) </li></ul>
  6. 6. Foreclosure Terms (Land Contract) <ul><li>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 </li></ul>
  7. 7. Foreclosure Terms <ul><li>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. </li></ul>
  8. 8. REO challenges <ul><li>Thousands of REOs are available: </li></ul><ul><li>Banks want to sell you a minimum of 100 homes (in bulk) to give you the best price </li></ul><ul><li>Banks want to see proof of funds (no financing) </li></ul><ul><li>Banks want to make sure you have experience </li></ul><ul><li>Banks sells them to you “as is where is” </li></ul>
  9. 9. REO Challenges <ul><li>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: </li></ul><ul><li>Sell it at retail price (realtors commission) </li></ul><ul><li>or </li></ul><ul><li>b) Rent it at market value for a long term upside (takes long time) </li></ul>
  10. 10. REO challenges <ul><li>Must pay all cash (several millions for bulk) </li></ul><ul><li>Must pay any property taxes still owed </li></ul><ul><li>Must pay any water liens still owed </li></ul><ul><li>Must get and pay for property insurance </li></ul><ul><li>Must place a combo lock box (get photos) </li></ul><ul><li>Must place a For Sale sign outside property </li></ul><ul><li>Must take calls and qualify buyers </li></ul><ul><li>Must send contract and execute the sale </li></ul>
  11. 11. The REOs reality <ul><li>Too much work and risk for long term profits </li></ul><ul><li>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) </li></ul><ul><li>Must have over $1,600,000 in CASH AND show EXPERIENCE for bank to consider selling a minimum bulk purchase of 100 homes </li></ul>
  12. 12. REO opportunity <ul><li>We have hundreds of REOs available: </li></ul><ul><li>With us you can buy 10 properties at a time </li></ul><ul><li>Your price will be $23,000 each and they resell at apx. $35,000 or more (some sell as high as $75,000) </li></ul><ul><li>You get a full turn key opportunity by having an expert support service team that handles your deals from A to Z </li></ul><ul><li>The support service package is offered to you at no additional charge and it includes a g uarantee </li></ul>
  13. 13. REO Opportunity <ul><li>Your $23,000 investment per property includes the following fees, services and guarantees: </li></ul><ul><li>The property taxes, if any are owed </li></ul><ul><li>The water liens, if any are owed </li></ul><ul><li>Support gets you property insurance (you pay) </li></ul><ul><li>They place a combo lock box (and get photos) </li></ul><ul><li>They place a For Sale sign outside </li></ul><ul><li>They take the calls and qualify buyers </li></ul><ul><li>They send the contract after you select buyer(s) </li></ul>
  14. 14. REO opportunity <ul><li>They sell the homes on a land contract within 90 days or less ( contract included ) </li></ul><ul><li>They turn over contract to a national service company to collect and deposit in your bank account the PITI payments (fee) </li></ul><ul><li>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 </li></ul>
  15. 15. REO opportunity <ul><li>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. </li></ul><ul><li>If they default on the payments of a land contract they are evicted and not foreclosed on </li></ul>
  16. 16. REO Opportunities <ul><li>Title is assured to be clear and insured when reselling to end buyer (s) </li></ul><ul><li>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 </li></ul><ul><li>Assistance in case of default . Support can coordinate with legal office for less than $700 fee. You may resell at higher price! </li></ul>
  17. 17. Seven Steps to Profitable REOs <ul><li>You buy a batch of 10 properties plus </li></ul><ul><li>Let the support service division handle your listing and qualify the buyers for you </li></ul><ul><li>Respond promptly to any calls and emails from support to qualify and select a Buyer from the list they send to you </li></ul><ul><li>Read and sign all documents of sale sent to you </li></ul>
  18. 18. Seven Steps to Profitable REOs <ul><li>Give your bank info to the loan servicing company to deposit money into your bank account </li></ul><ul><li>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 </li></ul><ul><li>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. </li></ul>
  19. 19. Our Objective <ul><li>To sell as many properties in the next 24 months and help 4 different parties: </li></ul><ul><li>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 </li></ul><ul><li>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 </li></ul>
  20. 20. Our Objective <ul><li>3) The banks who got greedy and ended up foreclosing and holding non performing assets nationwide </li></ul><ul><li>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 </li></ul>
  21. 21. Review <ul><li>Buy 10 properties in batches @ $230K </li></ul><ul><li>The support team will assist you to list and sell as well as get the positive cash flow </li></ul><ul><li>You can keep the income or sell the note at a discount </li></ul><ul><li>You have support and guarantees on the lowest price ever offered in REOs </li></ul>
  22. 22. <ul><li>Our affiliates pay all back taxes and liens if any </li></ul><ul><li>List the properties and qualify buyers </li></ul><ul><li>Do all the legal paper work </li></ul><ul><li>Your property is resold on a land contract within 90 days </li></ul><ul><li>Your returns are usually around 20% and they are secured against your RE </li></ul><ul><li>Offer guarantees and deliver results </li></ul><ul><li>e-mail: </li></ul>C & C Land Travelers LLC