1) How low can you offer and purchase the property?
2) What is the cost of the renovations to "rent ready" the property?
3) What is the home worth after all repairs are made "ARV"?
THEN.
• The Investor must have experienced rehab crews to do the renovations on the home.
• The Investor must have a loan program that is designed for doing renovations on REO's /Foreclosures.
• The Investor must have a professional property manager to manage their new investment.
THE ENTERPRISE REALTORS' TEAM DOES ALL OF THESE THINGS FOR YOU.
1. We travel the entire city every week and evaluate 20 to 30 foreclosures to find great deals (40% to 60% below market value).
2. We estimate repairs needed to "rent ready" the property for you and your property manager.
3. We submit the offers for you based on our knowledge of the foreclosure market.
4. We have local contractors verify repairs and cost estimates before you get the property under contract.
5. We identify and recommend lenders for foreclosure projects.
6. We oversee the entire rehab of your new investment.
7. We refer you to local property managers and turn over the keys to your home when the rehab is finished.
8. We track your investment weekly until it is rented.
9. We guarantee the rental performance of every property we sell.
10. We celebrate with you every time we complete a project!!!
What are the ADVANTAGES of buying REO's?
1. If analysis is done properly, you can purchase a home and spend NONE OF YOUR OWN MONEY!!
2. Because you are purchasing 40% to 60% below market value, every property has between 20k and 30k EQUITY after all repairs are made!!
3. The properties cash flow PITI + Property Management, so THE TENANT IS PAYING OFF THE HOME FOR YOU!!
4. Because of the huge number of foreclosures on the market, the Government is discussing a 7k TAX INCENTIVE FOR PURCHASING FORECLOSURES IN 2009!!
5. Your ROI is usually a 100% CASH ON CASH RETURN because of the low or zero out of pocket program!!
6. You are improving and helping each community by taking aheart breaking situation and BRINGING THE HOME BACK TO COMMUNITY STANDARDS!!
To view 50 great examples go to our home page and click on Past Project Examples or Click Here!
THE KEYS TO SUCCESS AND HOW TO GET STARTED
Keys to Success.
• Work with knowledgeable REO agents! Every foreclosure is not a great deal, it is just another foreclosure. We are investors just like you and we buy off of the exact same list that we publish to you every Thursday. Because we buy and invest in these properties, we have every resource available to us to make your investment a successful one... By working with knowledgeable investors/agents, you will have the greatest chance of accomplishing your investment objectives. To get Started.
• Chris will begin your pre-approval process and immediately begin searching for the perfect property for you.
Disclaimer: One or more principles of InvestinMemphis.com is a licensed real estate agent in the states of Tennessee and Mississippi. Although this information is deemed reliable, there are no assurances, guarantees, warranties or representations of any kind explicitly described or implied from this website. Forecasts are based on assumptions about uncertain future events-actual results may vary.
