This document provides an overview of investing in REO (real estate owned) properties. It discusses the foreclosure process, challenges of buying bulk REOs, and an opportunity to purchase 10 properties at a time for $20,000 each with turnkey support services included. The support services would handle listing, qualifying buyers, sales contracts, and collecting payments, ensuring properties are resold within 90 days. The investment aims to generate high returns of 20%+ through cash flow from land contract payments over time.
The document introduces an opportunity to purchase REO properties through C&C Land Travelers LLC. Key details include:
- Investors can purchase 10 REO properties for $23,000 each, totaling $230,000.
- C&C Land Travelers will handle listing, qualifying buyers, legal paperwork, and reselling the properties within 90 days via land contracts for around $35,000 each.
- Investors receive the monthly land contract payments as income for 1+ years before transferring deed to buyers. The support services are included at no extra cost, and guarantees are provided.
The document discusses opportunities in buying repossessed homes (REOs) from banks at discounted prices and reselling them for a profit using a turnkey support service. Key points:
- REOs can be purchased in bulk from banks for $18-21k each and resold for $35k or more through a support service that handles listing, sales, and paperwork.
- The support service qualifies buyers, sells homes on land contracts within 90 days, collects payments, and guarantees property exchanges if needed.
- Investors can earn cash flow from monthly payments and profit when buyers obtain loans to pay off contracts after a year of on-time payments. The process provides opportunities for investors, buyers, banks
Why You Should Use A Buyer/Tenant Representative for Your BusinessStone Path Commercial
Using an exclusive buyer/tenant representative can save money, save time, and avoid expensive mistakes when leasing or purchasing commercial real estate. A representative protects the buyer/tenant's interests, ensures they do not pay too much, and negotiates on their behalf. They conduct research on market rates and available properties to help the buyer/tenant find the best option. Their expertise and experience navigating the commercial real estate process helps avoid common pitfalls that could be costly.
1) Hiring a commercial real estate broker will not increase leasing costs and can save a tenant thousands of dollars over the term of a lease.
2) Without a broker, a landlord has an advantage in negotiations and can charge above market rents and concessions. A case study shows a tenant paying $113,500 more without a broker.
3) Brokers represent the tenant's interests and know the market to negotiate the best deal, while the landlord's goal is to maximize profits without regard for the tenant.
Laurus Title Group provides short sale processing services to help customers navigate the complex short sale process. They have a team of experienced negotiators around the country to assist with short sales. Disclosure of all relevant information is important, as hiding details can jeopardize closing deals. The short sale process takes time due to the need to get approval from multiple parties like lien holders and insurers.
This document summarizes two types of real estate financing structures - sale and leaseback and build-to-suit. Sale and leaseback involves selling an existing asset to an investor and leasing it back long-term, allowing the seller to access cash while maintaining control. Build-to-suit involves an investor funding and developing a new asset according to the occupier's specifications and then leasing it back long-term. Both structures provide upfront cash to occupiers in exchange for long-term lease payments and maintenance of operational control. The document outlines the key steps and structures for each approach.
This document discusses different types of leases from the perspectives of both lessees and lessors. It defines key lease terms and outlines the accounting treatment for capital, operating, direct financing, and sales-type leases. For capital leases by lessees, assets and liabilities are recorded on the balance sheet. For operating leases, rent is expensed over the lease term. For direct financing and sales-type leases by lessors, receivables are recorded along with cost of goods sold or unearned interest revenue depending on the fair value of the leased asset.
The document introduces an opportunity to purchase REO properties through C&C Land Travelers LLC. Key details include:
- Investors can purchase 10 REO properties for $23,000 each, totaling $230,000.
- C&C Land Travelers will handle listing, qualifying buyers, legal paperwork, and reselling the properties within 90 days via land contracts for around $35,000 each.
- Investors receive the monthly land contract payments as income for 1+ years before transferring deed to buyers. The support services are included at no extra cost, and guarantees are provided.
The document discusses opportunities in buying repossessed homes (REOs) from banks at discounted prices and reselling them for a profit using a turnkey support service. Key points:
- REOs can be purchased in bulk from banks for $18-21k each and resold for $35k or more through a support service that handles listing, sales, and paperwork.
- The support service qualifies buyers, sells homes on land contracts within 90 days, collects payments, and guarantees property exchanges if needed.
- Investors can earn cash flow from monthly payments and profit when buyers obtain loans to pay off contracts after a year of on-time payments. The process provides opportunities for investors, buyers, banks
Why You Should Use A Buyer/Tenant Representative for Your BusinessStone Path Commercial
Using an exclusive buyer/tenant representative can save money, save time, and avoid expensive mistakes when leasing or purchasing commercial real estate. A representative protects the buyer/tenant's interests, ensures they do not pay too much, and negotiates on their behalf. They conduct research on market rates and available properties to help the buyer/tenant find the best option. Their expertise and experience navigating the commercial real estate process helps avoid common pitfalls that could be costly.
1) Hiring a commercial real estate broker will not increase leasing costs and can save a tenant thousands of dollars over the term of a lease.
2) Without a broker, a landlord has an advantage in negotiations and can charge above market rents and concessions. A case study shows a tenant paying $113,500 more without a broker.
3) Brokers represent the tenant's interests and know the market to negotiate the best deal, while the landlord's goal is to maximize profits without regard for the tenant.
Laurus Title Group provides short sale processing services to help customers navigate the complex short sale process. They have a team of experienced negotiators around the country to assist with short sales. Disclosure of all relevant information is important, as hiding details can jeopardize closing deals. The short sale process takes time due to the need to get approval from multiple parties like lien holders and insurers.
This document summarizes two types of real estate financing structures - sale and leaseback and build-to-suit. Sale and leaseback involves selling an existing asset to an investor and leasing it back long-term, allowing the seller to access cash while maintaining control. Build-to-suit involves an investor funding and developing a new asset according to the occupier's specifications and then leasing it back long-term. Both structures provide upfront cash to occupiers in exchange for long-term lease payments and maintenance of operational control. The document outlines the key steps and structures for each approach.
This document discusses different types of leases from the perspectives of both lessees and lessors. It defines key lease terms and outlines the accounting treatment for capital, operating, direct financing, and sales-type leases. For capital leases by lessees, assets and liabilities are recorded on the balance sheet. For operating leases, rent is expensed over the lease term. For direct financing and sales-type leases by lessors, receivables are recorded along with cost of goods sold or unearned interest revenue depending on the fair value of the leased asset.
This document describes first position commercial mortgages offered through an affiliate company with over 35 years of experience. The mortgages are secured by commercial real estate, have loan-to-value ratios of 60% or less, terms of 1 year, fixed annual yields of up to 6%, and are paid through immediate monthly interest payments. The affiliate maintains a portfolio of commercial mortgage inventory and performs due diligence to ensure the properties are properly collateralized and that lenders have secured first position through recorded liens.
Real Estate Investor Buyers - Their Many Flavorsinfoslidewwh
This document provides an overview of different types of real estate buyers and how to work with them. It discusses four main types: rehabbers, landlords, turnkey companies, and creative finance buyers. For each type, it outlines the key factors they consider in evaluating deals, such as return on investment percentages, repair costs, rental income projections, and purchase price formulas. The document emphasizes tailoring communications and negotiations to each buyer's priorities. It also provides tips for maintaining good buyer relationships and weeding out problematic buyers.
Getting a lease assumption can have a number of benefits. In this presentation, we'll cover the advantages of lease assumptions, what to look for in a deal, and how the lease assumption process works.
Desenco Real Estate Management Brochure In EnglishDaliborNovakovic
Desenco Real Estate Management provides housing advice and support to office occupiers with the goal of optimizing their core business operations. They regard office buildings as places for housing rather than just real estate investments. As an independent consultancy, Desenco only represents the interests of office occupiers. Their services include lease renewals, new lease agreements, and managing relocations to reduce clients' annual operating costs by 10-25% through savings negotiated from landlords.
The document discusses property investment in South Africa as a means of wealth creation. It outlines three main ways to make money in property: 1) appreciating property value over 5-10 years then selling for a profit, 2) renovating and quickly reselling properties for profit, and 3) renting out a property portfolio as long-term assets. It also notes current opportunities in the market from bank repossessions and auctions. Fees for purchases facilitated by Basic Blac are provided. The risks, responsibilities, and process for purchasing auction properties are explained.
http://turnkeyinvesting.com - This seller-financing/owner-financing presentation was first created in late 2007 during a special 3-hour session of the Investors Roundtable. I also gave an abbreviated version of this presentation in 2009.
The slides were much wordier than I had intended and meant as a reference afterwards.
The document provides an outline for a course on advanced IRC Section 1031 exchange concepts. It covers exchange terminology, definitions of like-kind property, delayed and reverse exchanges, boot, identification and exchange periods, restrictions on exchange proceeds, related party rules, and issues around vacation homes and tenant-in-common ownership structures.
Hire purchase originated in the early 19th century as a way for consumers to acquire goods through installment payments rather than outright purchase. Key points:
- Under hire purchase, possession of goods is transferred immediately but legal ownership transfers once all installments are paid.
- It allows consumers to pay for expensive items like vehicles or equipment over time through a down payment and monthly installments.
- Hire purchase grew in popularity in the 20th century, especially after World Wars I and II, as it facilitated economic activity and acquisition of goods.
This document discusses private lending as an investment opportunity. It defines private lending as individuals making loans secured by real estate to other individuals. The document outlines the benefits of private lending such as high returns, monthly payments, and low risk since the loans are secured by tangible property. It provides examples of typical private lending deals with 60% loan-to-value ratios, 6-36 month terms, 7-10% interest rates. While some loans may default, the document argues protective equity in the property value provides security for investors. In conclusion, private lending is presented as one of the safest, highest returning passive income opportunities available.
The document provides information on the process for transferring flats in cooperative housing societies in India. It states that in order to transfer a flat, certain formalities must be followed. A housing society is an organization that provides plots, houses or flats to its members, and may also provide common amenities and services. The society can be a cooperative society registered under the Societies Registration Act.
This document provides an overview and analysis of key aspects of commercial leases, including:
1) It describes several common types of commercial leases and their key components.
2) It outlines the typical leasing process from application to occupancy.
3) It summarizes important lease clauses such as commencement date, use, operating expenses, assignment and subletting, relocation, subordination and nondisturbance, and waiver by tenant.
4) It analyzes these clauses from the perspectives of landlord and tenant interests.
This document discusses convertible debt, which is used as an alternative to equity financing for seed-stage companies. Convertible debt allows investors to loan money to a company that converts to equity at a later financing round. The key aspects covered are:
- Convertible debt provides a bridge to the next round of funding and includes interest accrual.
- It converts to equity on the same terms as new investors but at a discount (15-25%) and subject to a maximum valuation cap.
- Complications can arise around valuation, time of conversion, and investor protections, which are addressed through mechanisms like caps, floors, and governance terms.
- Convertible debt works well as a bridge, for seed financing when
This document discusses convertible debt financing. Convertible notes are short-term debt instruments that convert to preferred stock upon a qualified financing round, allowing companies to raise funds without setting a valuation. Typical terms include interest rates of 4-8%, 12-24 month terms, and conversion discounts or caps on valuation. While convertible notes provide cheaper funding than equity, terms can have unintended consequences. Alternative instruments like SAFEs (Simple Agreements for Future Equity) and KISSes (Keep It Simple Securities) aim to be more founder-friendly. The presenter recommends consulting an attorney to properly structure agreements.
Leasing involves the periodic payment of rentals in exchange for the right to use an asset for a fixed period of time. There are advantages to both the lessor and lessee. For the lessor, it provides a stable business and opportunities to sell spare parts or the asset after the lease term. For the lessee, leasing allows for efficient use of funds without capital investment and a potentially cheaper source than outright purchase. Both parties must consider factors like taxes, costs of capital, and break-even rental rates to determine if a lease is financially advantageous.
How to sell a San Mateo home you can't afford is a webinar given by Raymond Stoklosa and Rebecca Williamson of The RayChel Realty Group in San Mateo. Raymond and Rebecca explained to San Mateo home owners what they can expect during the short sale process, who is involved with a short sale, what Realtors can and can't do to help and how to increase their chances of getting an approved short sale.
This document provides an overview of leasing. It discusses the history and meaning of leasing, including definitions from experts. It outlines the steps in a typical leasing process and describes various types of leases. The advantages to lessors include assured regular income, preservation of ownership, tax benefits, and high profitability. Advantages to lessees are use of capital goods, tax benefits, cheaper financing, and technical assistance. Disadvantages are also presented, such as inflation risk for lessors and compulsory payments even if the asset is not needed for lessees. In summary, the document defines leasing, outlines the leasing process, and discusses the pros and cons from the perspectives of both lessors and les
Among other tips, you will lean how the Vancouver real estate market cycle works, why it is important to have a good agent and team, what is currently happening in the Vancouver real estate market (including latest statistics), the elements that need to be present to lead to a successful purchase, the importance of a well prepared offer, and how to make your offer stand above others.
Peak Properties is a real estate investment firm that offers private lending opportunities for investors to earn high returns of 10-15% by lending money to the firm. The firm buys distressed homes, renovates them, and quickly resells them for profits. Investors are secured by first mortgages on the properties and their money is used to fund purchases and repairs. The loans are short term, usually 4-6 months, and investors receive their principal and interest back when the homes are sold. The presentation provides examples of past deals and touts the safety and passive nature of these investment opportunities.
This document describes first position commercial mortgages offered through an affiliate company with over 35 years of experience. The mortgages are secured by commercial real estate, have loan-to-value ratios of 60% or less, terms of 1 year, fixed annual yields of up to 6%, and are paid through immediate monthly interest payments. The affiliate maintains a portfolio of commercial mortgage inventory and performs due diligence to ensure the properties are properly collateralized and that lenders have secured first position through recorded liens.
Real Estate Investor Buyers - Their Many Flavorsinfoslidewwh
This document provides an overview of different types of real estate buyers and how to work with them. It discusses four main types: rehabbers, landlords, turnkey companies, and creative finance buyers. For each type, it outlines the key factors they consider in evaluating deals, such as return on investment percentages, repair costs, rental income projections, and purchase price formulas. The document emphasizes tailoring communications and negotiations to each buyer's priorities. It also provides tips for maintaining good buyer relationships and weeding out problematic buyers.
Getting a lease assumption can have a number of benefits. In this presentation, we'll cover the advantages of lease assumptions, what to look for in a deal, and how the lease assumption process works.
Desenco Real Estate Management Brochure In EnglishDaliborNovakovic
Desenco Real Estate Management provides housing advice and support to office occupiers with the goal of optimizing their core business operations. They regard office buildings as places for housing rather than just real estate investments. As an independent consultancy, Desenco only represents the interests of office occupiers. Their services include lease renewals, new lease agreements, and managing relocations to reduce clients' annual operating costs by 10-25% through savings negotiated from landlords.
The document discusses property investment in South Africa as a means of wealth creation. It outlines three main ways to make money in property: 1) appreciating property value over 5-10 years then selling for a profit, 2) renovating and quickly reselling properties for profit, and 3) renting out a property portfolio as long-term assets. It also notes current opportunities in the market from bank repossessions and auctions. Fees for purchases facilitated by Basic Blac are provided. The risks, responsibilities, and process for purchasing auction properties are explained.
http://turnkeyinvesting.com - This seller-financing/owner-financing presentation was first created in late 2007 during a special 3-hour session of the Investors Roundtable. I also gave an abbreviated version of this presentation in 2009.
The slides were much wordier than I had intended and meant as a reference afterwards.
The document provides an outline for a course on advanced IRC Section 1031 exchange concepts. It covers exchange terminology, definitions of like-kind property, delayed and reverse exchanges, boot, identification and exchange periods, restrictions on exchange proceeds, related party rules, and issues around vacation homes and tenant-in-common ownership structures.
Hire purchase originated in the early 19th century as a way for consumers to acquire goods through installment payments rather than outright purchase. Key points:
- Under hire purchase, possession of goods is transferred immediately but legal ownership transfers once all installments are paid.
- It allows consumers to pay for expensive items like vehicles or equipment over time through a down payment and monthly installments.
- Hire purchase grew in popularity in the 20th century, especially after World Wars I and II, as it facilitated economic activity and acquisition of goods.
This document discusses private lending as an investment opportunity. It defines private lending as individuals making loans secured by real estate to other individuals. The document outlines the benefits of private lending such as high returns, monthly payments, and low risk since the loans are secured by tangible property. It provides examples of typical private lending deals with 60% loan-to-value ratios, 6-36 month terms, 7-10% interest rates. While some loans may default, the document argues protective equity in the property value provides security for investors. In conclusion, private lending is presented as one of the safest, highest returning passive income opportunities available.
The document provides information on the process for transferring flats in cooperative housing societies in India. It states that in order to transfer a flat, certain formalities must be followed. A housing society is an organization that provides plots, houses or flats to its members, and may also provide common amenities and services. The society can be a cooperative society registered under the Societies Registration Act.
This document provides an overview and analysis of key aspects of commercial leases, including:
1) It describes several common types of commercial leases and their key components.
2) It outlines the typical leasing process from application to occupancy.
3) It summarizes important lease clauses such as commencement date, use, operating expenses, assignment and subletting, relocation, subordination and nondisturbance, and waiver by tenant.
4) It analyzes these clauses from the perspectives of landlord and tenant interests.
This document discusses convertible debt, which is used as an alternative to equity financing for seed-stage companies. Convertible debt allows investors to loan money to a company that converts to equity at a later financing round. The key aspects covered are:
- Convertible debt provides a bridge to the next round of funding and includes interest accrual.
- It converts to equity on the same terms as new investors but at a discount (15-25%) and subject to a maximum valuation cap.
- Complications can arise around valuation, time of conversion, and investor protections, which are addressed through mechanisms like caps, floors, and governance terms.
- Convertible debt works well as a bridge, for seed financing when
This document discusses convertible debt financing. Convertible notes are short-term debt instruments that convert to preferred stock upon a qualified financing round, allowing companies to raise funds without setting a valuation. Typical terms include interest rates of 4-8%, 12-24 month terms, and conversion discounts or caps on valuation. While convertible notes provide cheaper funding than equity, terms can have unintended consequences. Alternative instruments like SAFEs (Simple Agreements for Future Equity) and KISSes (Keep It Simple Securities) aim to be more founder-friendly. The presenter recommends consulting an attorney to properly structure agreements.
Leasing involves the periodic payment of rentals in exchange for the right to use an asset for a fixed period of time. There are advantages to both the lessor and lessee. For the lessor, it provides a stable business and opportunities to sell spare parts or the asset after the lease term. For the lessee, leasing allows for efficient use of funds without capital investment and a potentially cheaper source than outright purchase. Both parties must consider factors like taxes, costs of capital, and break-even rental rates to determine if a lease is financially advantageous.
How to sell a San Mateo home you can't afford is a webinar given by Raymond Stoklosa and Rebecca Williamson of The RayChel Realty Group in San Mateo. Raymond and Rebecca explained to San Mateo home owners what they can expect during the short sale process, who is involved with a short sale, what Realtors can and can't do to help and how to increase their chances of getting an approved short sale.
This document provides an overview of leasing. It discusses the history and meaning of leasing, including definitions from experts. It outlines the steps in a typical leasing process and describes various types of leases. The advantages to lessors include assured regular income, preservation of ownership, tax benefits, and high profitability. Advantages to lessees are use of capital goods, tax benefits, cheaper financing, and technical assistance. Disadvantages are also presented, such as inflation risk for lessors and compulsory payments even if the asset is not needed for lessees. In summary, the document defines leasing, outlines the leasing process, and discusses the pros and cons from the perspectives of both lessors and les
Among other tips, you will lean how the Vancouver real estate market cycle works, why it is important to have a good agent and team, what is currently happening in the Vancouver real estate market (including latest statistics), the elements that need to be present to lead to a successful purchase, the importance of a well prepared offer, and how to make your offer stand above others.
Peak Properties is a real estate investment firm that offers private lending opportunities for investors to earn high returns of 10-15% by lending money to the firm. The firm buys distressed homes, renovates them, and quickly resells them for profits. Investors are secured by first mortgages on the properties and their money is used to fund purchases and repairs. The loans are short term, usually 4-6 months, and investors receive their principal and interest back when the homes are sold. The presentation provides examples of past deals and touts the safety and passive nature of these investment opportunities.
My Home Buyers Guide is a valuable tool prepared to help you understand the complex process of buying a home in today’s market. My commitment is to put my extensive professional, technological and networking resources to work, in your best interest, to help you purchase the right home.
Rob Rosa & Rubicon Crossings - Short Sale listing review for clientRob Rosa
Learn the basics of what is needed and expected for a short sale in CT. Every step of the way is documented and we can help you get the documents together that you will need to share with the banks and get an approval.
This real estate agency has over 50 years of combined experience helping home buyers. They use a proven system to assist over 1,000 clients with home purchases annually. The agency aims to reduce stress for clients by providing knowledgeable guidance and a streamlined process throughout the home buying steps from initial consultation to closing.
Looking to buy a property and not sure where to start? Don't worry I've created a Buyers Package that easily outlines the steps to your next home purchase. Take a look through and please contact me with any questions...and remember, when it comes to Real Estate, all you need is Lav!
Reprinted from REALTOR® Magazine(RealtorMag.Realtor.org) with permission of the NATIONAL ASSOCIATION OF REALTORS®.
Copyright 2008. All rights reserved.
The document provides information for home buyers, including contact information for real estate agents David and Sharon Kipp. It outlines services the agents provide, such as showing homes, making offers, and negotiating on behalf of buyers. It also includes forms for buyers to provide their home preferences and financial information. Resources are listed for professionals involved in the buying process like mortgage lenders, home inspectors, and insurance agents. The document aims to educate buyers and guide them through selecting a home with the help of David and Sharon Kipp as their buying agents.
Call 912-303-5065 to learn how to earn passive double digit rates of return by investing in short term deeds of trust (mortgages) secured by undervalued real estate assets with a trusted partner with a strong track record of success
The document outlines the conveyancing process for buyers purchasing a property in Australia. It explains that a solicitor or conveyancer will handle the conveyancing process, which includes obtaining quotes, property searches, arranging financing if needed, signing contracts, exchanging contracts, and completion of the purchase. The process involves local authority and property searches, corresponding with the seller's solicitor, ensuring insurance is in place, and agreeing on an exchange and completion date when ownership of the property is transferred.
[On-Demand Webinar] How to Identify Discount Opportunities and Negotiate BetterReal Estate Investar
This document provides information on how to identify discount property opportunities and negotiate a better price. It discusses reasons for purchasing a discounted property, such as lack of funds or renovation strategies. It outlines tools on the Real Estate Investar platform that can help users search for discounted properties, evaluate property value, rental returns, and growth potential. The document then covers the negotiation process, including understanding the selling method, assessing the seller's situation, preparing offers, and handling counteroffers. It promotes Real Estate Investar's subscription services and portfolio management tools to help users build an investment property portfolio.
Hi-Life Real Estate provides cash offers to purchase homes quickly with no fees, repairs, or inspections required. They state they can close fast or on the seller's schedule. The company pays typical closing costs and purchases homes "as-is". They work with homeowners facing foreclosure or bankruptcy by offering to take over mortgage payments or provide cash now. Sellers benefit from avoiding realtor fees and costs, not needing repairs, and getting their housing problems resolved rapidly through a flexible sale.
Investing in Residential & Multi-Family Real Estate (Series: Real Estate Inve...Financial Poise
Apartment buildings and other residential and multi-family housing can provide a stable income to an investor. This Financial Poise webinar discusses some of the pros and cons of being a landlord. It provides a basic overview about how to find and assess opportunities, obtain financing, negotiate a deal, and manage a multi-family investment. The accounting, tax, and legal aspects of being a landlord are part of the discussion.
To listen to this webinar on-demand, go to: https://www.financialpoise.com/financial-poise-webinars/investing-in-residential-multi-family-real-estate-2020/
This document discusses real estate lending and how it has changed since 2007. It notes that lending guidelines are more strict, as not all highly qualified borrowers will be approved for loans. It provides an overview of the loan approval process and timeline. It highlights what sets the company apart in real estate lending, including relationships with lenders that offer certain programs and exceptions for investment properties. The goal is to help clients create, manage and protect wealth through real estate investments and comprehensive planning.
Cash Flow Gold offers a rent-to-own solution for clients who have been declined financing. Brokers can refer declined clients to the program and earn fees without much paperwork. The rent-to-own program allows clients to rent a home with an option to purchase it after 2 years, with 20% of rent payments credited towards the down payment. To qualify, clients must have sufficient income to cover rent and have a minimum 5% security deposit. Brokers should submit client files including application, credit report, income documentation, and notice of assessment for review.
First Time Home Buyer Class Sacramento CaliforniaHomeBoom.com
Learn about first time home buyer programs to purchase real estate. First time home buyer loan programs are our there to help you buy your first home. Down payment assistance and special government programs can help with closing costs. HomeBoom.com is a great place to search for the perfect house.
This document summarizes a non-genuine savings (rental) policy for obtaining a home loan. The policy allows rental payments to satisfy the minimum 5% deposit requirement if 12 months of continuous rental history can be demonstrated. Borrowers still need funds to complete the loan transaction, which can come from other sources than savings. With 3-12 months rental history, borrowers can use funds from sources like bonuses, inheritances, or asset sales, but are limited to loan-to-value ratios of 90-95%. The policy aims to help renters purchase homes and considers rental payments as evidence of ability to make regular financial commitments.
The document discusses procedures for transferring flats in cooperative housing societies in India. It states that a housing society is an organization that provides plots, houses, or flats to its members, and may also provide common amenities and services. To transfer a flat, certain formalities must be followed. A society can be a cooperative society registered under the relevant act.
The document outlines the 5 main steps in the mortgage process: 1) pre-approval to determine a buyer's price range, 2) shopping for a home, 3) submitting a mortgage application including documents on income, assets, credit, and the property, 4) removing subjects from the offer, and 5) the legal process of signing documents. It then provides details on qualifying for a mortgage, the different types of mortgages available, associated costs of buying a home, and the role of a mortgage consultant in helping navigate the process.
2. Disclaimers
• Neither Fahad Karamat nor his partners,
affiliates, or team members provide legal or tax
advice.
• Any documents provided in this presentation
are examples only. Always seek professional
advice with respect to any document used in a
real estate transaction.
• Always consult a real estate attorney for legal
advice on your real estate deals.
3. Today
Making money in REOs
• 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
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:
a) 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 $2,000,000 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 apx $20,000 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
guarantee
13. REO Opportunity
• Your $20,000 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
1. You buy a batch of 10 properties plus
2. Let the support service division handle
your listing and qualify the buyers for
you
3. Respond promptly to any calls and
emails from support to qualify and select
a Buyer from the list they send to you
4. Read and sign all documents of sale sent
to you
18. Seven Steps to Profitable REOs
1. Give your bank info to the loan servicing
company to deposit money into your bank
account
2. 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
3. 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 @ $200K
• 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
• For more info e-mail: REO@FinHRC.com