In today’s troubling real estate market, I have seen a light at the end of the tunnel. Even though I am a real estate agent, I was very excited about this opportunity to help others!
I happened upon a group of likeminded gentlemen who formed a company based on an idea to help the economy in its recovery efforts and help everyday people afford a decent home also.
The idea is to buy REO and foreclosed homes, fix them up nicely and then resell them at below market price to aspiring home owners who are proven credit worthy or enrolled in a credit program. This allows the prospective home owner to find a home that is affordable and move in ready!
This is not just another house flipping company! They have no intention of selling a home nightmare to unsuspecting home buyers. All the homes will be inspected, appraised and meet FHA standards before going on the market!
The whole idea is to help move these homes currently sitting on market and at the same time help people find decent affordable housing.
The problem is that most banks, mortgage companies and investment firms are interested in the how much money you can make, and not leaving equity on the table. For instance;
Home for sale at 130,000-Tax assessed value is 220,000/repairs needed for home to be livable and up to FHA standards is 15,000. After the home is repaired ready for occupants, the new appraised value is now 230,000. The company would put this home on the market for a sale price of between 175,000 and 190,000.
For the bottom line of most organizations this leaves several thousand dollars on the table. The company wishes to make only a modest profit for its investors and of course itself.
Obviously this plea is for any investors out there who feel that would like to back such a worthwhile cause. The company has no problem with other corporations wanting to make top dollar; it just not they intend for their business model.
I have not mentioned the name of the company; however, they are licensed and bonded in the State of Washington and can provide credentials upon request. They would like to explain their operation and goals in person so that all your questions can be answered.
If you feel you would be interested in this type of investment opportunity please call any of the following for more information or to set up an appointment. W. Parker 253-347-4482, E. Hart 253-224-3396 or H. Clark 253-227-6958. You may also send email inquiries to firstname.lastname@example.org.
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