Off-Market Rent-to-Own Home for Sale.


owner-financing

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The seller is offering exclusive owner financing terms on this single family home in Skyline Hills neighborhood. The home features 3 bedrooms and 1.5 baths. Built in 1962 with 1,169 square feet of living space.

7545 Gribble St. San Diego, CA 92114 

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The home has natural gas, public sewer & 2 car garage.

Down-payment with affordable payments with flexible terms.

Looking for a candidate with good to excellent credit &  solid income history.

Rent to Own Terms

contact_us_today

Off-Market Finished Lots for Sale in Michigan – Direct to Owner!


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I’m direct to the owner of the sub-divisions and he is a veteran builder. He can partner with you to build some beautiful homes in higher or lower price ranges!

Attn: Builders & Investors
Create your inventory!

Finished Lots in Genesee County Michigan

Price – $85K Value: $135K
11 Lots Available
Minimum home size is 3,000 SF
Room to develop 30 more homes
Established subdivision in Grand Blanc
It will cost around $350K = $130/PSF
Selling for $475k – $500k
4,000 SF selling for $700K
5,000 SF selling for $900K
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35 Finished Lots in Burton, Michigan

Price: $26K – $30K
Costs $120K to build 1,400-1,600 SF
( 3/4 with bonus room over garage w/2 car garage)
Established subdivision in Burton

Pine Creek 2

Pine Creek 1

If interested Contact Me Direct!

Successful Funding of Malibu Luxury Rehab Project


Last year, One of my real estate agent friends who is also an aspiring Hollywood producer and through his networking introduced me to a top production group on the Universal lot!

After a tour of the lot, we discussed the film business and the financing and investment in films they were producing.

This didn’t lead to any actual investments, but one year later, in February, my agent friend re-introduced me to this group and  after a short consultation in his office, we submitted the application package for pre-approval for a hard money rehab loan which I knew we’d get back asap because my partners and I had an established relationship with the private lender who funded the loan.

My client identified a fantastic but dated remodel candidate in Malibu with a breathtaking views of the Pacific Ocean! The property had been on & off the market since 2015 & it was clear that since the previous buyers fell out of escrow the sellers & agents were uneasy about the whole private funding offer and funding.

I knew that I only had one shot to get it right!

He negotiated a $2M purchase price, our contracting team submitted a $450K rehab budget, with a 4-5 month timeline.

We ordered the ARV appraisal, after a week, it came back at $3.6M!

The case and the borrowers were nearly a perfect candidates, except for one thing: They had no experience rehabbing high-end luxury properties, so the lender required us to join the borrower on the loan and sign as co-guarantor’s of the investment! This was unprecedented!

We entered into a project management & joint venture agreement with my borrowers which afforded them  maximum leverage on their $500k down-payment. We were able to secure 2-4 months of interest payments so that wasn’t a concern.

The plan is to refinance after the remodel is complete, payoff the hard money bridge loan @ 9.9% and 4 points, 90% of purchase & 100% of rehab, into a 30 yr, fixed rate mortgage with cash out if needed for further future investments.

We closed this loan in about 30-40 days, but this was because the property was occupied by a seller who needed extra time to vacate before we closed escrow.

We will begin rehab this week & documenting our progress as we’ll be using exclusive, new “smart home upgrades” which I’m not at liberty to disclose yet due to its status.

Our motivation to JV was based on the profit potential and deal viability as well as the borrower’s financial position and excellent credit score & profile. Also even though they were not experienced, they handled the first time investor duties with poise and we were impressed with their willingness to learn the process. Overall they were very pleasant and easy to work with!

If you have a project you’d like to joint venture on, contact me below!

True Asset-based Fast Funding for Small Loans! No Credit Check, No Appraisal, No Income Check!


Acquisition Funding: Short Term, First Position, $10k-$99k

Capital is available, nationwide, with the following parameters:   

-$10,000-$99,000

-Up to 90 days

-Best used to acquire less-costly properties to quickly fix/flip or maybe wholesale flip

Up to 50% LTV (Loan To Value) of FMV (Fair Market Value)

No upfront or hidden fees. Quick funding decisions

No points, no interest. Not a loan.

– Funding is a Joint Venture (JV), cash-on-cash type investment

Available in all 50 states & DC

N.O.O. (Non-Owner-Occupied), investor-owned properties only

Investment must be secured by a 1st position note/deed

Funding origination & facilitation only via licensed: brokers and escrow professionals

           Why you and/or your clients should use  Short Term, First Position Funding

-It is directed at those who cannot or will not use Hard Money Lenders (1-3 months terms, low FICO score, have no cash, or do not qualify for some other reason)

-We make quick fix/flips possible, for smaller deals, that were previously impossible

– We normally fund in days, not weeks (for qualified deals)

– We do not require an appraisal, credit check or income verification

-Use our funds to get past temporary cash flow hurdles

-Pay overdue: taxes, liens, HOA fees

-Use our funds for building permits, closing costs, materials

-Bring payments up to date on other urgent loans

-Pay off a small note so property can be sold or refinanced

-Get properties out of probate, foreclosure, tax or sheriff’s sale

-Don’t tie up your personal capital, use ours

-Allows investors to leverage themselves into more deal

 

Free & Clear Funding: Short Term, First Position, $10k-$99k

Capital is available, nationwide, with the following parameters: 

Up to 90 days

$10,000-$99,000

Best used with properties that are owned free & clear by an investor

Up to 50% LTV (Loan To Value) of FMV (Fair Market Value)

No upfront or hidden fees. Quick funding decisions

No points, no interest. Not a loan.

Funding is a Joint Venture (JV), cash-on-cash type investment

Available in all 50 states & DC

N.O.O. (Non-Owner-Occupied), investor-owned properties only

Investment must be secured by a 1st position note/deed

Funding origination & facilitation only via licensed: brokers and escrow professionals

Why you and/or your clients should use  Short Term, First Position Funding

-It is directed at those who cannot secure the funds they need through normal investor financing channels. Reasons may include: low FICO score, short amount of time involved, funding amount is too small, etc., has no cash, or does not qualify for some other reason.

-We make quick fix/flips possible, for smaller deals, that were previously impossible

-Funding normally occurs in days, not weeks (for qualified deals)

-We do not require an appraisal, credit check or income verification

-Use our funds to get past temporary cash flow hurdles

-Pay overdue: taxes, liens, HOA fees

-Use our funds for building permits, closing costs, materials

-Bring payments up to date on other urgent loans

-Pay off a small note so property can be sold or refinanced

-Get properties out of probate, foreclosure, tax or sheriff’s sale

-Don’t tie up your personal capital, use ours

-Allows investors to leverage themselves into more deals 

 

Short-Term, First Position Funding, $10K-$49K for N.O.O. Mobile Homes on Investor–Owned Land

Capital is Available Nationwide

-$10,000-$49,000

-30-90 days

-Up to 25% LTV (Loan to Value)

-No up-front Fees, Quick Funding decisions

-Private funds

-Perfect for those who can’t get hard money or conventional financing, or need a short-term loan.

-Perfect for under $50,000 and low Fico scores

-Funds in days not weeks.

-No appraisal, credit check or income verification needed!

-Use funds for temporary cash flow hurdles

-Pay overdue taxes, liens, or HOA fees

-Use funds for building permits, closing costs, due diligence, materials

Recently Closed A Bulk Performing Notes Deal, Looking for More Assets!


Fix and Flippers, LLC has closed a bulk Performing Notes purchase transaction with two private companies for an undisclosed amount.

For many years I’ve attempted to locate a perfect match: a buyer and a seller for non-performing or performing notes. Like many colleagues, I’ve encountered the most frustrating situations: after being hand-walked into a servicing company 5 years ago, I was delivered notes on a platter, but I hadn’t identified a true buyer, and consequently, I burned my relationship because my “buyers” did not or could not close anything.

Then over the years I’ve met many true and serious note buyers who could not prove their capabilities to me because I had no notes to sell them. This was soon to change.

Recently I was introduced to a note seller through a referral partner, they proved to hold some product of interest but like most deals – ultimately fell apart.

Rewind to December 2016, originating from a Craigslist ad – I get a response to an ad I post regularly about private trust deed lenders who make loans to flippers, especially in 2nd position, as gap lenders, he explained that although in his companies’ 25 year history they’ve purchased performing and non-performing notes as well as REO from banks, credit unions, savings and loans, builders, mortgage companies, private equity firms, and that they’d buy a single loan and has closed $100M loan portfolio and now they’ve had success buying from individual investors and offering them an outlet.

He wanted me to refer my private lenders to them, but of course, I needed a way to vet their company.

All year I’ve been sending them note packages and they make bids and proceed with due diligence, which lead to notes with no discount, heavily shopped, fake packages, notes with no title policy and/or missing or incomplete paperwork, until finally one of the many leads I’ve introduced to them: brings a fresh portfolio of 20+ performing, agency quality performing notes, of course many things went wrong with the deal, with the usual transaction drama that ultimately resulted in a large portion of the notes to be dropped from the purchase, but finally it closed!

Now we can officially add this to our resume of different transactions we’ve facilitated or been a part of including single family, bulk single family, an operating business, various kinds of loans/funding and now bulk notes.

This is the time of year when lenders may have loans on their books that they want to get off before the end of the year. Also during the year institutions will lose investors and investors decide to discontinue programs. They can sell to my buyer.

Experts would agree with me when I state that: A portfolio or seasoned, long-term, low coupon fixed rate loans can become an asset risk liability…

Sub-Prime loans that remain in company pipelines and portfolio can become a risk liability.

 

Note Purchaser Looking for:

Anything Nationwide Performing or Non-Performing, REO, Deed in Lieu, SFR, Condo, Duplex, Multi-Family, Strip Centers, Offices, Warehouses, Churches, Mobile Home Loans, Residential, Commercial, Rural, Land and unusual properties.

  • They look at everything.
  • They’ve closed over $3B in assets.
  • Target Areas: FL, TX, Houston, Dallas, NY, L.A., CA
  • They offer a complimentary portfolio market analysis with no obligation to sell.

PAR and Premium prices are still available for loans that warrant PAR and Premium

(Both Fixed Rates or ARMs such as performing Residential loans SBA 7a loans, FSA’s, HCEM’s and USDA’s)

They accept seasoned loans.

Fixed Rate, Adjustable Rate, Agency and Non-Agency quality loans either servicing released or servicing retained.

Keep eyes open for REO Class A/B industrial warehouses in key markets in the US and Mexico.

Excellent and Poor Credit Assets

If you have an asset to sell, please contact me if you need liquidity and for pricing. Please send data via spreadsheet for easy review, email me if you need a copy of the bid indication format.

Contact Me Today! Let’s Close Some Deals Together!

323-632-3279- Greg@FixandFlippers.com

Private Portfolio Builder Program – Build Your Nest Egg!


I’m working with a group of Midwest originating brokers who are helping clients acquire assets and build their nest eggs. This is their program.

A Program designed for Real Estate investors to Acquire, Cash flow,

and Re capitalize on Rental Properties!

As Real Estate  Investors  know these days; Banks, Lenders and even Private Capital want large down payments to purchase non‐owner occupied investment properties, for the purposes of building a rental portfolio. The secret to building wealth in real estate is building large monthly positive cash flows. In the recent years, that has become  increasingly difficult.

So, let’s isolate the biggest problems real estate investors have in growing their portfolio, while explaining how the Private Portfolio Builder Program overcomes these issues:

Growth Capital Whether it’s a 20% Down Payment or Larger, that’s a lot of capital to put out there to purchase a rental property. Even if the internal rate of return is 20%, it still takes 5 years for a Real Estate Investor to re capitalize their down payment investment.

Lack of access to growth capital puts any business, whether real estate, or selling hamburgers at risk of not being able to grow. A simple  rule of thumb is if you are not growing your business, you are losing profitability, due to the increase in COGS and other operating costs that virtually increase  every year!

With banks frowning upon Real Estate Investors and their businesses,  this is still a tough environment for those that need to have access to capital to grow and thrive, instead of just survive!

Solution The Private Portfolio Builder Program has partnered with a 2nd Mortgage Lender that will only lend to participants of the program. This 2nd Mortgage Lender has great rates, and has agreed to lend a 2nd Mortgage on any of the Program’s assets.  This second mortgage will provide:

  1. 20% Down Payment required by the 1st Mortgage.
  2. $15,000 Above the Purchase Price to re capitalize the investor to allow for more Acquisitions within the communities. This is funded through the Community Reinvestment Loan.
  3. Utilize this program for up to 4 purchases of Multi Family Properties (2-4 units)

Why is this Program so Advantageous to a Real Estate Investor looking for Cash Flow Producing assets?

  1. The Community Reinvestment  Loan allows Participants to Purchase other Rental Assets and Increase  Portfolio Holdings through our $15,000 Recap Program.
  2. This Stabilized Program will ensure  long term Success  with our Asset Management Strategy.
  1. Turn-Key and Auto Payments through our development and Voucher Program.

Now, this doesn’t mean that program Participants do not have to put down a down payment or have reserves. The first mortgage still requires the down payment and reserves, so that must be placed into the transaction. What we have done is developed a relationship that will recapitalize your down payment plus $15,000 recapitalization,  allowing you to continue to build your portfolio, while capturing the cash flows that our Program’s buildings will offer!

Yes. This program has complexity to it, and does require a two step closing of the purchase 1st Mortgage, and then our Lender’s 2nd mortgage a few days after the closing the 1st. We are not only real estate investors, but we understand banking and private lending very well. This is the only way that this program becomes viable, as people without the knowledge and experience of the Chicago Real Estate Markets along with the banking and financing markets would simply not be able to fund these deals.

Stable Income – It is very important to have the stability of income when you are a real estate investor. This program is designed through a section 8 Voucher Program that is funded and dispersed through the City of Chicago’s low housing Program, ensuring that payments are always received between  the 1st and 5th of each month, so there is no more tracking down tenant’s rental payments, therefore protecting your monthly income.  How many horror stories have we all heard about tenants  that just do not pay their rent, and the eviction process can take months?

Solution The Private Portfolio Builder Program focuses  on subsidizing the assets that are purchased by members. We utilize local management companies that have experience  in placing long term section 8 renters  and other  Chicago Subsidized Housing Programs into units. This ensures  that each investment performs monthly, and reduces the turnover rate due to Lower Income Tenants move less frequently.  By providing an experienced Maintenance Staff, and an Experienced Management Company, Program Participants benefit by reducing costs, while increasing the monthly rental by 20% more than market rates, and producing a steady subsidized cash flow. Subsidized Tenants are a great way to build passive cash flows. When a Landlord provides safe,  clean,  updated  living accommodations  in the City of Chicago, you can count on a high occupancy status from just the referrals alone.

Section 8 pays each month during the duration of the contract,  and if you work with the tenant, and the case worker, it becomes a long‐term relationship. It’s just a matter of providing Safe, Clean, Updated housing, and then communicating with your customer (tenant) monthly to ensure everything is going OK. Subsidized Programs  in the City of Chicago have large waiting lists of Tenants to place into rental properties. There is no shortage of demand in this sector.

Business Modeling Very few small investors professionally model their business, and ensure that their small business is meeting the needs of the community it is located in. How many investors plan their business from start to exit? The better question is, how many investors align themselves with current market trends? What about having the capital relationships to take you from start-up to growth stage?

Solution Years of experience  in Chicago coupled with professional relationships that understand the Business Model, means the Private Portfolio Builder Program is not only profitable, but is a great example of how to model your business. This program is not only specific to Chicago, but can be done in other markets of the Country.

As we expand again, we shall offer more markets,  but Chicago offers a great off market wholesale environment versus a waiting list of subsidized tenants waiting to lease a unit. Since the purchase prices have not recovered as much steam as other markets in the US, but rental markets have risen.

Private Portfolio Builder Program Key Points:

1.)  Off Market Inventory only.

2.)  2, 3, and 4 unit residential properties only.

3.)  Preference  is given to 2, 3, and 4 or 5 bed room unit mixes.

4.)  Preference  is given to Subsidized Tenants Vs. Cash Tenants.

5.)  Preference  is given to Brick Buildings Vs. Wood / Sided Buildings.

6.)  2nd Lender provides 20% Down Payment plus up to 15% of the Purchase Price ($20,000) on a

Community Improvement Stability 2nd Mortgage.

7.)  Properties  will present  a minimum of a $500 positive cash flow per month up to $1350 per month after all expenses and debts are paid. (Including the 2nd Mortgage)

8.)  Professional Managed, Professionally Maintained. All third‐party companies connected with the program are duly licensed in their respective fields of service.

Qualifications for Participation into the Program:

  1. 2 Years Tax Returns showing sufficient income to have a Debt to Income Ratio of 47% of less.
  2. 2 Current Paystubs.
  3. 3 Months Personal Asset Statements showing 20% + 6 Months Reserves all debt.
  4. A FICO Score  that  is above  660, with no score being lower than 640. NO FC, BK, 1 x 60. Please provide a credit report that you pull for qualification purposes.
  5. State ID or Driver’s License.
  6. Completed 1003 w/ REO section.

Disclaimer: This is not an offer to sell securities.  This is not an offer to lend.

Contact me & I’ll introduce you!

Greg@FixandFlippers.com

 

 

 

Hollywood Hills SFR Rehab, Nice Canyon Views – Wholesale Priced for Experienced Flipper


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We currently have this tied up and ready to wholesale to an end buyer.
The buyer would need to replace our $15,000 EMD ASAP. They need to close by end of month.

We’ve walked this property and I can introduce the buyer to the President of the Laurel Canyon Association – this will help the overall process. He is also a land-use attorney specializing in permitting.

The property has some issues and has been condemned by the City. The buyer would have to assume this responsibility.

8351 Kirkwood Dr. Los Angeles CA 90046

Tear down- Single Family Residence
Sunset Strip – Hollywood Hills West
Built 1927
2/1 – 1358 Sq Ft

Redevelop as 3/3

Rehab $200k
Asking $625k
EMD $15k
Comps $1.2m

Will need complete rehab and retaining wall, and create an access point such as a driveway…

Review the numbers, it’s vacant, I’ll give you the lockbox, and go direct.

Greg@FixandFlippers.com

858-386-0949

 

Vacant Pasadena Fixer – Wholesale Priced


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239 E Howard St, Pasadena, CA

2/1. 966 Sq Ft. 7499 Sq Lot. *

This is a solid property that needs cosmetic updates thru out to your liking. This market moves quickly. You need to add 400 Sq Ft to this property and spruce up the interior and exterior to grab an easy $730,000 to $740,000 ARV. Need to place EMD to lock deal.

Asking Price: $507,000

*Projected Rehab Cost

*966 Sq Ft x $50 / Sq Ft = $48,300

*400 Sq Ft x $120 / Sq Ft = $48,000

*Landscaping $3,700


*Total Projected Rehab Cost = $100,000

*Projected All In Cash = $602,000

*$502,000 x 20% Down Payment = $100,400

*Projected Closing Costs @ 4% = $20,064

*6.67% + $1000 (Utilities) Holding Costs = $34,456.72 (Projected Note Rate @ 10%.)


*Projected All In Costs (Hard Money) $154,920.72

*Projected Resale Value: $735,000

Suggested Comps:

1.) 467 E Howard St, Pasadena, CA

3/1 – 1,384 Sq Ft – 9,757 Sq Lt

2/10/2017 Sold for $727,000

2.) 787 E Howard St, Pasadena, CA

2/1 – 1,198 Sq Ft – 7,654 Sq Ft

3/8/2017 Sold for $740,000

 

Greg@FixandFlippers.com

*This asset is being sold as is where is. There are no contingencies. Please email/call/text for Sales Structure. Clean and Clear title will be provided at closing. Buyer must do their own due diligence. Seller makes no warranties as to accuracy of projections, nor empirical data provided.

Can facilitate Hard Money/commercial in most states,stated owner occupied loans in CA, Unsecured credit to $200K (700 fico) in 2 weeks…
*Contact me if you want to make a referral, we can share fees!  Ask about 80/20 100% JV Fix/Flip loans Nationwide, no min Loan Amt, no fico requirement, up to 90% purchase, 100% of rehab for most Fix/Flip projects, no split.

 

Shovel Ready Pacific Beach Development Fully Entitled $950K!


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Current Status of the Property –

Lot has been cleared and Ready to go!

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Address: 1270 Emerald St. San Diego 92109 – https://www.redfin.com/CA/San-Diego/1270-Emerald-St-92109/home/5135489

Land Comp: 1220 Emerald St. $900,500 sold 10/19/16 https://www.redfin.com/CA/San-Diego/1220-Emerald-St-92109/home/5135519

Finished Comp: several in the area between 1.7M-1.8M

Cost to Build – $550,000

 Price- $950,000 

The permit needs to be paid for and pulled by April, otherwise it will expire. There are no issues. Seller just want to sell. However, if he doesn’t find a buyer, he will pull the permit and start building it.

They have already paid for everything that was needed to get the coastal permit approved, ie: architectural, structural, soil test, surveying, water drainage study as well as utility relocation, temp pole, and demo. This is a shovel ready project.

Coastal permit has been paid for and issued. Building permit has been fully signed off and approved. We just have to pay the school fees and inspection fees and pull the permit. These fees amount to about $8000.00

At this time seller doesn’t want to J.V. and prefers to sell fast with cash.

I’m Direct to the Seller and this is an off-market sale! Contact me Direct. Greg@FixandFlippers.com | 858-386-0949

 

Direct to Owner Multi-Family & Development Opportunities in Georgia and Florida


 Georgia Multifamily – 159 units, 97% Occupied with stable 
operations in a growing market and plenty of upside through future rent growth and value-added improvements.  Attractive assumable in-place debt allows for easy/quick transaction. Price $6.15M 

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Florida Multifamily – 328 units, 96% Occupied with stable 
operations in a fast growing market. Active value-add strategy in-place and successfully growing rents with 16% bumps.  Attractive assumable in-place debt allows for easy/quick transaction. $27M 

328_mf_1 328_mf_2 328_mf_3

Florida Oceanfront Development – A rare full block of Oceanfront land ENTITLED for absolute last chance to build Hotel/Condo project in the entire area. A One-of-a-Kind opportunity.  Seeking visionary developer for JV or outright sale for quite possibly the rarest hotel site in the Southeast.

atlantis_1 atlantis_2 atlantis_3

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Florida Waterfront Development – A rare Intracoastal site with 
APPROVED PUD for Multifamily, Condo, Hotel, Commercial, Retail and Marina. Granted 144′ Height entitlements.  A One-of-a-Kind opportunity.  Seeking visionary developer for JV or outright sale. 
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Southeast Multifamily – 10 property portfolio, 1,400 units, B/C 
class with stable operations in a growing market with lots of upside. Joint Venture opportunity. Price $43.5M ONLY need $17M with terms, Atlanta,Jacksonville, Pensacola Florida areas; 
Properties are located close to each other, easy management. 
Qualified Principals Only Please.
Greg@FixandFlippers.com | 858-386-0949