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reo investment: Mortgage-secured REO investment - Project# 6597841 - 05/21/12 04:57 AM
Here is a current investment summary. As always, a quick response is needed.
Project term: 4-6 months. Purchase and renovation, 3-family bank-owned property. Location: NJ 07108 Funding requirement is 92% of cost, representing 40% of After Repair Value (ARV) Exit: Refinance Projected annualized ROI: 45.9% Investment, and profit share, and interest, are secured by:
1. First mortgage; and
2. Developer company shares (the ownership of the property essentially, avoiding the need for foreclosure in the event of default)
Download the Investment Summary
Let me know right away, if interested. I will send you the information package when available.
Review "Safe & Smart REO Investing"
… (1 comments)
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reo investment: REO investments: What's new? - 03/29/12 10:45 AM
Housing markets are picking up a little, and lenders are liquidating more properties.The occurrence of both of these phenomena serves us very well: More opportunities of course, and re-sales of repaired properties become more viable.
The projected ROIs are strong, mostly in the 30-50% range.These returns are achieved with mortgage-secured investments that rarely exceed 60% of the after repair values. Truly amazing! This will not last forever, but for now we remain faced with what I believe are the best (high return/low risk) real estate investment opportunities of a lifetime!
Renting the properties out, followed by a quick refinance remains the … (1 comments)
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reo investment: REO investments with limited hands-on involvement - 02/28/12 10:06 AM
REO InvestmentsNobody knows when real estate markets will rebound, but many people are looking to invest. The best opportunities are foreclosures and short sales. Banks own these properties but don’t want to lend money for buyers to take them off the banks hands. These are called "REO" properties, are often in need of repair, and can be purchased for 20-50 cents on the dollar.The next question is how to execute the project profitably. REO projects have inherent operational risks and hassles. Have you ever watched a rehab show on TV? Everything always takes longer and costs more than planned for, and the … (0 comments)
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reo investment: Do Fix & Flips with our money - or your money... - 01/15/12 12:42 PM
We are still faced with the best real estate opportunities of a lifetime. As sad as it is to say, the economic malaise continues to serve us very well. My investment group is interested in funding
highly profitable (fix and) flip projects - up to 100% of hard cost.
INVESTMENT CRITERIA
Our investment criteria are as follows:
1-4 family properties only. (2,3,4-family preferred) Preferred investment size: $20K-$100K ($200K max) NJ, NY only ARV (After Repair Value) of at least 150% of hard (purchase and rehab) cost Cross-collaterization on other properties considered.
If you are interested in:
Fix & Flip project funding, go here for … (1 comments)
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reo investment: Market assessment - Rate influencers - Closing costs - Year-end tax pointers - 12/16/11 02:07 PM
As the year draws to a close, time to do a little market assessment....
It's a buyer's market, for homes and investment. Short sale and REO values are low due to market weakness and over-supply. REO rehab values are even weaker due to lack of mortgage programs to finance them. (Ever wondered why the lender doesn't just provide the loan?) Rental markets are strong. (I prefer 2,3,4 unit investment). More info. Mortgage financing is (an inceasingly more) fickle business. Thorough prequalification is key. Here is a form you can use to get a PQ from me. Credit improvement is even more fickle, and also becoming … (0 comments)
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