Company Description:
With real estate down turn, have a good model that works with people in small towns buying our houses. Average return on sale is about 40-50%.Generally flip the house in 30 days or less. Working with people who need a credit leg up, as we would report to all 3 bureaus.
Charging 11-11.75 % interest getting minium down of 10 % of selling price. Also associate ourselves with an insurance company so we could also get money from sell of the product.All terms would be a max of 12 years. After fetting a seasoned note look for a factorer to buy note.
Example: Buy a house for 12,000 sell for 24,000. Payments of
$281.00 total interest on loan 18783.00 for 12 years Profit if held for full 12 years 30783.
I know this works due to the fact have done it for a year so far. We are able to buy houses that are 80% of the time ready to move into. We would add any repairs to cost of sale.
Staying in smaller towms easier to get most out of them and lower fall out rate. Fall out rate is about 30%.
|
Number of Employees:
|
Stage of Business:
|
|