Grab an Income Property, an Equity Position, and a Screaming Cash-on-Cash Return
Buy REOs in one of the Hottest Rental Markets in America!
15% Cash-on-Cash Returns; 56% Total Return on Investment!
And get paid on the 1st of each and every month, all year long!
For about what you'd need for a down payment, what if you could actually can OWN a Rental!
That's right: Free & Clear - only $40,000 cash! And the market value is over $60,000 right now. That's sixty thousand in equity, for the price of only forty! And it's a money machine -- you get $600 monthly rent, and there's a waiting list for renters and Section 8 Housing. That's a screaming 18% cash-on-cash return. Subtract property management and maintenance and you still have 15% returns - in today's economy! Wow; where else can you get a 15% cash-on-cash return anywhere else on the planet?
How is this possible? Well, in Memphis, Tennessee there's a fantastic rental market - for years 45% of the population rents! Why? Who knows, it's a mentality that's existed here for years and years, and is simply part of the fabric of life in Memphis. And many decent working class families have recently lost their homes due to the financial crisis and economic stress. But these decent people still have their jobs, and they still need somewhere to live. So the banks have released hundreds of REOs; we've purchased them in bulk, and want to pass on the savings to you - at wholesale prices!
What do you need to know? Simply put, REOs have clear title - no other liens of any kind. These houses are 2 and 3 bedroom family homes situated on typical city lots. Each was selectively purchased, and having sat vacant for months or even a year, we spend several thousand dollars to clean up each one of them - broken window glass replaced, carpets cleaned or replaced, fully re-painted on the inside, and spruced up on the outside, all debris-free. So you can pick up one or more of these homes at affordable wholesale prices, advertise or use a local agent, lease long term, or rent them month to month. They are pre-qualified for Section 8 housing, only requiring a government inspection to finalize. In these selected neighborhoods, working class families thrive - no drugs, no trash, and no prostitution on these streets. Each has been inspected, and any additional rehab needs are written on a punch list, and disclosed to the buyer.
How can you buy? The market values range from $55k to $70k, and they wholesale, completely cleaned up, at about 67 cents/dollar. They are ready to be shown the day you buy them, and can be rented immediately. These are perfect for the real estate investor, whether it's your first purchase, or your 100th - you'll recognize the value immediately. Pictures and addresses are available upon request, and they are all-cash deals.
Terms? Upon accepted cash offer, $5,000 refundable cash deposit is required. 7 days are allocated for due diligence, whereupon the deposit becomes hard (non-refundable). All transactions are "as is, where is" and closing will occur within 14 days of due diligence completion (for a total of 21 days). You can start-up your money machine within a month!
These are great deals - super wholesale prices, immediate increases in equity and net worth, and absolutely screaming cash flow. It seems like there are three types of investors out there: those who make things happen, those who watch things happen, and those who sit back and wonder what happened. Wow, with 15%-18% cash-on-cash returns and 50% overall returns - these deals might just be calling your name. So, if you want to make something happen, give us a call or shoot us an email today.
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