Check Out The Results When We Combine Bank Owned Real Estate Acquired at Deep Discounts With Owner Financing !! This Turnkey Program Is Perfect for Lenders, JV Partners and Accredited Investors

bank owned propertyBluewater Capital Properties LLC announces their exclusive partnership with a well established source of bank owned real estate that has the exit strategy in place and proven.

My partner is able to buy real estate  at deep discounts from current market value. The current focus is on single family homes. The purchase price is  in the range of  40% of the list price presented by the banks and the list prices  is below market value.  In summary there is significant  profit opportunity because of the value Bluewater and its partners bring to the market.

The Value of Bluewater Capital Propeties, LLC Includes:

1. An exclusive network of direct sellers of real estate at deep discount prices that has been developed and expanded for nearly 10 years.
2. A mature marketing strategy proven to get future owners into these properties quickly and profitably.
3. Our partner’s program offers people an opportunity to become a home owner that may not otherwise have that chance.
4. Since previously unoccupied properties are then occupied, neighborhoods and communities begin to further improve because there are people who proudly are paying to ultimately own these homes. 

Bluewater’s partner can acquire properties in one day once funds are available.  There is no waiting for a specific time of the month for lists to become available . Our partner is able to acquire properties in significant quantities most days. Once acquired the marketing begins immediately for a future  owner..  This marketing funnel is part of the business model named Buy Here Pay Here Homes.

Exit Strategy for Single Family Real Estate Acquired 

Bluewater Capital Properties, LLC is on the path of become the preferred real estate investor by focusing on attracting the capital to further expand the number of homes that can be purchased as deep discount prices.  These include:

  1. Fix it and resell it
  2. Rent it
  3. Wholesale it

Bluewater’s Primary Focus  Is on the following  Unique and Exclusive Exit Option – Very Easy and Completely Done For You – Completing the Real Estate Turnkey Model

Buy Here Pay Here Homes4. Click Here and visit Buy Here Pay Here Homes  That is an important and meaningful  part of our partner’s business. This program has two vehicles for  reselling homes purchased by Bluewater through our partner at deep discount prices.

First:  Market and sell them to owner occupants though the Buy Here Pay Here Homes Program. Note sell them means they are sold on terms and the deed is retained by the original purchaser until the note is paid or until the note is sold.  Example  Purchase Price $30,000 Face Value of Note $60,000 Interest Rate 12% Monthly Payment – 30 Year Note 617.17  We could hold the note and collect this monthly payment. Alternatively we could sell the note (we are connected to note buyers) at a discount for say $45,000 and the note buyer gets a significantly higher rate than 12% (slightly more than 16% which is very attractive) and  the Bluewater has made a $15,000 profit  in this example. The time from start until the note is sold is in the range of 6 months.

Online TurnkeySecond: the home purchased by Bluewater  is entered in our partner’s soon to be released on line turnkey marketing and servicing site. At this site home owners and specifically Bluewater can add a home , set the selling price and buyer can buy the home and fund the purchase all very easily on line. This is going to be an amazing vehicle for quickly selling homes . How are we so sure? We already know from other relationships there is a huge on line demand for these properties. Arrangements have been finalized for the overflow traffic from other sites to come to this new one because many orders are not getting fulfilled.   This vehicle has the potential of selling the home to a new buyer at a premium from the original purchase price within a very short time of the original purchase.  (This option is brand new, not tested by us but we project this to be a game changer.)

Note: as a reminder everything in this business model is focused on the primary benefit associated with buying homes at a discount deeper than those commonly found by real estate investors. This strategy increases the security for Bluewater and the sources of Bluewater’s capital being used to purchase deep discount real estate properties. i

Bluewater Capital Properties LLC (Bluewater)

The company that is the source of the real estate acquired at deep discounts from bank and Buy Here Pay Here Homes are members of this newly formed LLC In addition we have a prominent attorney and  CPA firm as members. Bluewater’s primary mission is to raise capital (equity and debt) to further develop the acquisition of bulk residential properties primarily offered by banks and the related sales through the Buy Here Pay Here Homes program and/or the soon to be released on line turnkey site.  This strategy has already resulted in cash on cash returns secured by the properties substantially above current market rates for direct investors established with our partner. 

Individual Equity Investors in Bluewater – Must be accredited investors and the information for this group is outside the scope of this article.  For more information including a copy of our private placement memorandum when available please email  or call at your convenience.This does not apply to lenders or those including lenders that want to joint venture with us.  See next section. 

Steve Pohlit, Member
Email 
Phone 727-587-7871

Request for Private Money Lenders – Exclusive For Bluewater Capital Properties LLC Business Model and Joint Venture Partners.  Attn Private Money Lenders: we value your business model as it has helped several of our partners complete real estate deals. Take a close look at this business model. When you do we are happy to borrow from you. We think you will be happier by being a JV Partner.  

Hard Money – Private Money Lenders 

Bluewater is requesting  a starting loan from real estate lenders of at least $200,000  The lender should have the capacity to loan much more each month. However, we respect the importance of proving what we represent.  We will work with multiple lenders and at no time will more than one lender be secured by a property, We are open to reasonable rates of interest. The key part of the lending program is  interest only monthly with a balloon at the end of one year that caN roll over for another upon mutual acceptance.  The other very important point is we are buying a pool of assets. Our contract for purchase of a pool of assets will secure the loan up to the amount of the loan. (Yes loans of larger amount are very welcome.) .

While we are requesting 100% of the funds required for the fees and purchase price of a portfolio of homes,  we have invested considerable resources in the Buy Here Pay Here Homes Program and the soon to be released auction site. In addition to the home office staff there are approximately 200 people on contract to execute the Buy Here Pay Here Homes Program in the field with the systems in place to service the marketing and sale of a home in nearly any location where a home is purchased.

Our program that focuses on acquiring properties at a deep discount offers lenders more security and safety than many of the residential real estate transactions we have seen in our experience. We know we need to provide first secured position to the lender for each home purchased. We can execute that on the day funds are wired based on the contract for purchase and sale with the banks.

JV Funding Partners – This Program Offers Better  Returns, Very Secure and Turnkey (Done For You)  for Those Who Typically Are Real Estate Lenders and JV Partners 

We know the prevalent range of  private money or hard money lender rates. Our JV program means we share in the profits. The returns projected are case by case based on the amount of money made available to Bluewater to buy properties. Remember your money is secured by assets acquired at substantial discounts from market value . While not cast in stone, you should be prepared to have $200,000 or more working for you.  Those positioned to partner with us at that amount or higher each month will get a preferred return.

The time is now! Call me now  and be sure you are in out list – register to the right

Thank you

Contact 
Steve Pohlit, Member
Email 
Phone 727-587-7871

Exclusive Program With Awarded Deep Discount Bank Owned Properties

bank owned propertyThe Main Points

Each month around the 20th day my partner receives an list of homes where the bids submitted 10 days or so earlier have been accepted. These are largely bank owned properties. My partner’s business that started buying bulk from banks and  others over eight years ago and submits bids every month on every property offered. The bids are in the range of  35% of the list price presented by the banks. Those list prices are often  already below market value.  In summary there is a very large profit opportunity on the awarded bids list.

Note most of the properties are lower priced homes.  This does not mean they all need significant renovation. Some may. But it does not matter because regardless of the condition there is very significant value for the buyer.  The goal of this article is for you to be able to see that.

Once the list is available, there is a window of 24-48 hours to make a buying decision.  When that decision is made, the money for the property needs to flow into escrow in 48 hours or less.

Another Note: our partner offers owner financing.  Remember this is an awarded list meaning a third party will buy one or more of the home and whatever is not purchased by a third party is paid for by my partner

Exit Strategy

All the normal exit strategies for a real estate investor apply. These include:

  1. Fix it and resell it
  2. Rent it
  3. Wholesale it

The One Unique and Exclusive Exit Option – Very Easy and Completely Done For You 

Buy Here Pay Here Homes4. Click Here and visit Buy Here Pay Here Homes  That is an important and meaningful  part of our partner’s business. This program has two vehicles for  reselling homes purchased by investors from the awarded bank owned property list.

First – Market and sell them to owner occupants though the Buy Here Pay Here Homes Program Note sell them means they are sold on terms and the deed is retained by the original purchaser until the note is paid or until the note is sold.  Example  Purchase Price $30,000 Face Value of Note $60,000 Interest Rate 12% Monthly Payment – 30 Year Note 617.17  You could hold the note and collect this monthly payment. Alternatively you could sell the note (we are connected to note buyers) at a discount for say $45,000 and the note buyer gets a significantly higher rate than 12% (slightly more than 16% which is very attractive) and  the investor has made a $15,000 profit and in reality with fees more likely $10,000 in this example. The time from start until the note is sold is in the range of 6 months.

Online Home AuctionSecond – the home purchased by an investor from the awarded bank owned property list is entered in the company’s auction site coming live by July 1 2015  This is going to be an amazing vehicle for quickly selling homes and yes you can and should have a reserve on these houses. Note our partner has a strategic relationship with owners of several of the top auctions sites for houses and they will be driving traffic to the new auction site immediately upon it going live. The first group of houses that can be entered for auction will be those from the awarded bank owned list coming out on or about June 20, 2015  This vehicle has the potential of selling the home to a new buyer at a premium from the original purchase price within a very short time of the original purchase.  (This option is brand new, not tested by us but we project this to be a game changer.)

Note: as a reminder everything in this business model is focused on the primary benefit associated with buy homes at a discount deeper than those commonly found by real estate investors. This strategy increases the security for individual investors buying 1-5 properties as well as buyers of larger groups of homes.

Bluewater Capital Properties LLC (Bluewater)

The principle of the company that is the source of the bulk buy property list, the awarded bulk buy property list and Buy Here Pay Here Homes are members of this newly formed LLC In addition we have a prominent attorney and  CPA firm as members. Bluewater’s primary mission is to raise capital (equity and debt) to further develop the acquisition of bulk residential properties primarily offered by banks and the related sales through the Buy Here Pay Here Homes program and/or auction site.  This strategy is expected to yield cash on cash returns secured by the properties substantially about current market rates.

Equity Investors in Bluewater – Must be accredited investors and the information for this group is outside the scope of this article.  For more information including a copy of our private placement memorandum when available please email  or call at your convenience.

Steve Pohlit, Member
Email 
Phone 727-587-7871

Request for Lenders – Exclusive For Bluewater Capital Properties LLC

Bluewater is requesting  a starting loan from real estate lenders of at least $500,000  The lender should have the capacity to loan $500,000 each month going forward. Note: we will work with multiple lenders and at no time will more than one lender be secured by a property, We are open to reasonable rates of interest. The key part of the lending program is repayments of principle  and interest are made when each home is sold or the note is sold. We are requesting 100% of the principle amount for the all in costs of acquiring the homes we buy. The purchase price is estimated to be 40-60% of the bank list price and 30%-50% of current market value. These estimates are subject to revision and are based on a limited sample results in May 2015. While we are requesting 100% of the funds required for the buy we have invested considerable resources in the Buy Here Pay Here Homes Program and the soon to be released auction site. In addition to the home office staff there are approximately 200 people on contract to execute the Buy Here Pay Here Homes Program in the field with the systems in place to service the marketing and sale of a home in nearly any location where a home is purchased. There were 53 homes on the awarded list in May and they were in 20 states. The number will change  every month and we expect it to grow with additional funds allocated to this business model

Our program that focuses on acquiring properties at a deep discount offers lenders more security and safety than many of the residential real estate transactions we have seen in our experience. We also understand our program is not typical because when the list comes out we have 24-48 hours to make a buying decision and a short time after that decision to wire the funds to escrow to confirm the buy. We know we need to provide first secured position to the lender for each home purchased. We can execute that on the day funds are wired. What we cannot do is deliver title on that date because of the fast process the title is still in the banking system and it takes approximately 30 days to get title.  We are still looking at ways to further give the lender assurance of ownership. This not a new process Our partner has never had a problem with not receiving title for a property purchased.

Buyers and Lenders Should Take Immediate Action for June 2015 Otherwise The Next Opportunity Will Be In A Month. 

Contact 
Steve Pohlit, Member
Email 
Phone 727-587-7871

 

Our Real Estate Deals Offer Funding Sources Security and Excellent Return on Investment – ROI

We have an Increasing number of single family home real estate investment opportunities. We are  actively networking for $1.3 million in funding now and an additional $2 million in June 

Seminole FloridaOur Business Model:

We only buy properties that are homes.  Most of our deals are single family homes only because we are not finding  multi-family properties that meet our buying criteria . Currently there are no shortages of buy and hold  deal opportunities in our core market which is Tampa Bay Florida. We have one buy fix and flip property on our radar screen.

We buy properties to fix and resell (flips) and buy and hold (rentals)  Our business model limits our acquisitions to distressed properties which allows us to quickly create a margin of equity that further secures the principle of our funding sources.

Recently we published an article about our exclusive bank owned (REO) bulk buy program (Click Here For That Article) Our goal is to invest up to $500,000 in these properties this month.  That list is published on or about the 20th of each month.

Financial Model 

Buy Renovate and Resell Properties:  The deals we have done this year to date are projected to result in a 30% or higher return on investment for our funding partners. Going forward we are looking for 100% of the funds needed for these deals from one source. Our view is 30% on an annual basis is conservative. Our plans are to be in, renovate and sell in 6 months or less. The first property to be listed this year sold took 4 months to buy, fix and close. We have two more coming on line to be listed now.  We are planning on acquiring  one home about every two months in the Tampa market as we are not finding many opportunities that have the profit potential our model requires. We have a highly skilled partner who plans and executes our renovations.

Buy and Hold (Rentals):  For single family homes we are looking to pay about 8% for the funding required for a property and share in the equity build during the hold period.  The spread between our all in cost at the time we acquire the property and market value is usually 10% or higher. The annual equity build is currently projected to be 5%.  We are requesting a three year commitment on the funding for these deals.  The average annual return for this model is estimated to be 12% each year for three years. We use very experienced property managers for this niche and our ROI calculations are net of 35% for expenses including property management.

Bank Owned PropertiesBulk Buy Bank Owned Properties (REO): We have  a strategic partner for this program that has been in this niche for 8 years and has all the direct banking contacts. Additionally there is a unique exit strategy so we are looking to joint venture for funding to initially buy $500,000 of properties each month.  The source of funds can reasonable expect annual returns in excess of 30%.

For more information and immediate consideration please call 

Steve Pohlit
727-587-7871
Email 

PS  We are requesting 100% of the funds required for these properties. The funds can be structured as combination debt and equity.

 

Our Exclusive Bank Owned (REO) Property Program Has Excellent Returns With Minimal Risk

bank owned propertyBank Owned Property Lists Are Distributed To Investors For Bids Our Program Goes Way Beyond Bidding 

Banks use the bidding process to sell inventory of properties that have not been sold  by short sales or auctions.

In the real estate industry many investors  are familiar with bank owned property lists or bank tapes. In most cases they are pitched by people  who say they are direct contact with the banks which is often not true.  Investors can spend a lot of time chasing deals to then find the source is not in a position to facilitate a bid or worse the list is out of date. 

Our partner receives bank owned property lists directly from the banks, uses an escrow agent for handling the money for those  investors placing bids. Our partner also  bids  many millions of dollars each month on properties for his own company.  He has a large group of investors who buy homes that have been awarded.  Why to these investors like these homes?  Because my partner is getting them at deeper discounts than most because of the huge volume he buys.

Additional Information for Investors in Bank Owned Properties That Are Listed For Bid Each Month

1. Monthly Nationwide Bank Owned List: This list is distributed to investors on or about the 2nd day of the beginning of each month. Investors decide on which properties they want to bid and submit that through me if the bid is for a small number of properties. If the investor is a “deep pocket” buyer (with resources and intent on buying a portfolio of  10  or more houses  then I will connect that investor directly with my partner who will guide them on the bids most likely to be successful and the  deposit required to proceed.

Note select homes a distributed to friends and personal real estate investment contacts.  Those who want the best deals subscribe to our program where they will receive the entire list, are able to attend our three day seminars held twice a year and receive the entire cost of this program back when they buy their first home though our program.

Key to successful bidding: a common mistake is thinking 40-60% of the bank list price will win the bid. This can be true but can also mean you lose on a very good deal. The recommended approach is for you to determine the value to you of a winning bid and then place the bid so you can make your targeted profit.  Example of a flip:  List Price $80,000 Estimated Repairs $10,000 ARV  $120,000  Target Profit 15%  You might decide to bid $70,000 or higher.

2. Requesting a Specialized List ( For Deep Pocket Investors Only):  We recently were on a conference call with a buyer for Southern California homes at higher prices points than what is typically found on the monthly list.  My partner is working with them to clearly define their buying criteria and request as specialized  list from the banks.

3. Exist Strategy for Properties An Investor Decides They Don’t Want :  If an investor decides they do not want one or more properties that they were awarded in the bidding process there are two ways those properties can be sold.  First they will be offered to the large group of investors wanting awarded properties. Should they not be sold that way, the homes will be marketed on the company’s buy here pay here home  site.  The buy here pay here program is unique as all steps are done for an investor wanting to sell a property this way.  The investor will become a note holder and then of course sell the note for full cash out and a profit should having the cash be a priority. This virtually eliminates the risk of an investor being stuck with something they do not want. However for this process to work the investor must be working with us and following our bidding advice

Frequently Asked Questions

Q. What is the bidding process?
A. Once the list is distributed there are 7 -9 days generally to submit a bid. During this time an investor does due diligence on the property to determine what work might be needed and market value after repair. We also recommend calling the county clerk to check on tax liens which are not common but can occur.   To place a bid,  normally 50% of the bid amount plus the processing fee  needs to be wired to escrow.  A lessor amount can be negotiated if bidding more than $100,000.  If the bid is won,  the remaining bid amount is due within 24 hours. If the remaining money is not wired you will forfeit your deposit as the house still must be purchased.  So be sure before you bid you can fund the entire amount if awarded.

Q. Do the properties come with clear title?
A.  Once a bid is awarded we recommend have a title company issue a warranty deed.

Q How Do I get the monthly list?
A Send and email with “Add To Bank Owned List” in the subject line. Click Here To Email in the email be sure to be clear as to what city is of interest. If you are interested in bidding $100,000 or more please call me direct

Q What returns can I expect
We can show you recent examples of awarded bid and the returns these properties are likely to earn.  We know you will be pleasantly surprised.

Steve Pohlit
727-587-7871
Email

How To Buy Bank Owned Property At Discount Using Our Direct Connection With Real Estate Portfolio Managers

bank owned propertyBank Owned Property Lists Distributed To Investors For Bids

Banks use the bidding process to sell inventory of properties that have not been sold  by short sales or auctions.

In the real estate industry many investors  are familiar with bank owned property lists or bank tapes. In most cases they are pitched by people  who say they are direct contact with the banks which is often not true.  Investors can spend a lot of time chasing deals to then find the source is not in a position to facilitate a bid or worse the list is out of date. 

Our partner receives bank owned property lists directly from the banks, uses an escrow agent for handling the money for those  investors placing bids. Our partner also  bids  many millions of dollars each month on properties for his own company.  He has a large group of investors who buy homes that have been awarded.  Why to these investors like these homes?  Because my partner is getting them at deeper discounts than most because of the huge volume he buys.

Additional Information for Investors in Bank Owned Properties That Are Listed For Bid Each Month

1. Monthly Nationwide Bank Owned List: This list is distributed to investors on or about the 2nd day of the beginning of each month. Investors decide on which properties they want to bid and submit that through me if the bid is for a small number of properties. If the investor is a “deep pocket” buyer (with resources and intent on buying a portfolio of  10  or more houses  then I will connect that investor directly with my partner who will guide them on the bids most likely to be successful and the  deposit required to proceed.

Key to successful bidding: a common mistake is thinking 40-60% of the bank list price will win the bid. This can be true but can also mean you lose on a very good deal. The recommended approach is for you to determine the value to you of a winning bid and then place the bid so you can make your targeted profit.  Example of a flip:  List Price $80,000 Estimated Repairs $10,000 ARV  $120,000  Target Profit 15%  You might decide to bid $70,000 or higher.

2. Requesting a Specialized List ( For Deep Pocket Investors Only):  We recently were on a conference call with a buyer for Southern California homes at higher prices points than what is typically found on the monthly list.  My partner is working with them to clearly define their buying criteria and request as specialized  list from the banks.

3. Exist Strategy for Properties An Investor Decides They Don’t Want :  If an investor decides they do not want one or more properties that they were awarded in the bidding process there are two ways those properties can be sold.  First they will be offered to the large group of investors wanting awarded properties. Should they not be sold that way, the homes will be marketed on the company’s buy here pay here site. This virtually eliminates the risk of an investor being stuck with something they do not want. However for this process to work the investor must be working with us and following our bidding advice

Frequently Asked Questions

Q. What is the bidding process?
A. Once the list is distributed there are 7 -9 days generally to submit a bid. During this time an investor does due diligence on the property to determine what work might be needed and market value after repair. We also recommend calling the county clerk to check on tax liens which are not common but can occur.   To place a bid,  normally 50% of the bid amount plus the processing fee  needs to be wired to escrow.  A lessor amount can be negotiated if bidding more than $100,000.  If the bid is won,  the remaining bid amount is due within 24 hours. If the remaining money is not wired you will forfeit your deposit as the house still must be purchased.  So be sure before you bid you can fund the entire amount if awarded.

Q. Do the properties come with clear title?
A.  Once a bid is awarded we recommend have a title company issue a warranty deed.

Q How Do I get the monthly list?
A Send and email with “Add To Bank Owned List” in the subject line. Click Here To Email in the email be sure to be clear as to what city is of interest. If you are interested in bidding $100,000 or more please call me direct

Steve Pohlit
727-587-7871
Email

 

 

 

High ROI Turnkey (All Done For You) Single Family Income Producing Homes Immediately Available – Buy One, Ten or More

3-2-2  turnkey residential home 1 All our turnkey properties are 3 bedroom, 2 baths and most have 2 car garages. All are renovated so little or no worries about an unexpected maintenance expense anytime soon. If you are buying one, we can get this done in couple of weeks. If you want to buy 100, that will take a little longer as each home is personally selected and inspected by our team.

What Does Turnkey Mean?

The word Turnkey generally applies to rental properties where every step of the process is done for you. In our business model we select for you only single family homes. “Do It All For You” is the real estate model that most everyone wants. In fact even those real estate investors who have been in the business of finding and managing properties themselves, begin to understand there is a better way.

Do it all for you means all but the final decision to purchase is done for you. The property is selected based on your investment criteria, any repairs needed are made, a qualified tenant is found, your investment is protected by a very experienced property management team. Most importantly you will have all the information needed to make a final decision to buy including knowing the net cash flow you can expect from your investment.

Pay Cash or We Will Help With the Right Financing Solution for You With One of Our More Than 50 Lenders

Generally count on 20% down and our average purchase price is in the range of $95,000 to $140,000. You can expect at least a 10% net return net on your money and often this is higher depending on your buying criteria. You will have all the data you need for your decision.

Confirming

You Are The 100% Owner of The Property Once It Is Purchased

The Support Systems and People In Place Are Very Experienced. The Closer You Look, The Better They Look.

Next Steps 

1. For most who are interested in buying one home, please click here, watch the video and then get started by completing the Free GAME PLAN.

1. If you are a bulk buyer, please contact me immediately. Please be ready with the number of properties you want and proof of funds.

Direct Contact Information

Steve Pohlit
Email
Ph 727-587-7871

Looking for Private Lender and JV Equity Partner. In Contract, St Petersburg Florida, Great Profit – Check Out The Rendering And Numbers

St Petersburg Florida This is the rendering of the property in contract It is located in St Petersburg , Florida 15 minutes from the Gulf Beaches , 15 minutes from Tropicana Field and downtown St Petersburg. 25 minutes from downtown Tampa One block away from Crescent Lake. Amazing property and location

ARV $620,00

4 beroom
4 bath
3 car garage
3200 sq ft when renovation is finished.

Requesting a Hard Money Loan for $390,000 and JV Equity Partner for $70,000

Hard Money Loan Terms: 3 points 12%

JV Profit Share – Projected at 28% in 4 months or less.

Key Success Factors

Very experienced real estate investor who is personally managing this project.  Another key success factor is the contractor who is incredible and has a wonderful track record for delivering a great product that sell fast for top dollar.

JV Equity Partners

You will enjoy working with our team. We are experienced, we know the project controls that are important to you and the communication as to project progress.  Of course you are going to enjoy your portion of the profit share.

Lenders Please Note:

The LTV is 62%  You will be in first secured position.  We will bring $45,000 cash to the deal. If you are comfortable with a higher LTV that is great. We will provide you with all of our analysis including detailed renovation plan and budget as well as access to our market expert who support our conservative ARV.

We are interested in working directly with the decision maker who is experienced with residential buy fix and flips as we know they can decide very quickly if this is a deal they will close or not.

Money Brokers

You are welcome to pitch this deal to lenders who you personally know who will be very interested in funding this deal.  That should be two or possibly three resources.  Do not pitch this to some mass mailing list. We will provide all the information you need . Do not ask us to complete an application process.  Finally your fee, comes from the lender or JV Equity partner. The above numbers  are  net to this deal. The points and interest are what we will pay.

Time Is Of The Essence

We have a 10 day due diligence process after which our deposit goes hard. That due diligence ends January 17th   This is an excellent deal that took us many weeks to get into contract with the bank selling it.

Lenders and JV Partners Ready To Commit Contact Me  Now

Own This Home – Cash Buyer Save $$$ buying now   Select cabinets, flooring paint, kitchen and bath fixtures. 

Call Steve Pohlit, Managing Partner
727-587-7871
Email 

Steve Pohlit, Managing Partner

In Contract, Seminole Florida, Great Profit – Check Out The Rendering And Numbers – Looking for Lender and JV Equity

Seminole Florida  This is the rendering of the property in contract It is located in Seminole, Florida about 10 minutes from the Gulf Beaches  ARV $360,00 3 bedroom, 3 bath 2 car garage 2,000 sq ft when done. Very large screen in porch not counted in sq footage. Very secluded and quiet.

Requesting a Hard Money Loan for $230,000 and JV Equity Partner for $45,000  

Hard Money Loan Terms: 3 points 12%

JV Profit Share – Projected at 28% in 4 months or less.

Key Success Factors

Very experienced real estate investor who is personally managing this project.  Another key success factor is the contractor who is incredible and has a wonderful track record for delivering a great product that sell fast for top dollar.

JV Equity Partners

You will enjoy working with our team. We are experienced, we know the project controls that are important to you and the communication as to project progress.  Of course you are going to enjoy your portion of the profit share.

Lenders Please Note:

The LTV is 62%  You will be in first secured position.  We will bring $45,000 cash to the deal. If you are comfortable with a higher LTV that is great. We will provide you with all of our analysis including detailed renovation plan and budget as well as access to our market expert who support our conservative ARV.

We are interested in working directly with the decision maker who is experienced with residential buy fix and flips as we know they can decide very quickly if this is a deal they will close or not.

Money Brokers

You are welcome to pitch this deal to lenders who you personally know who will be very interested in funding this deal.  That should be two or possibly three resources.  Do not pitch this to some mass mailing list. We will provide all the information you need . Do not ask us to complete an application process.  Finally your fee, comes from the lender or JV Equity partner. The above numbers  are  net to this deal. The points and interest are what we will pay.

Time Is Of The Essence

We have a 10 day due diligence process after which our deposit goes hard. That due diligence ends January 12th   This is an excellent deal that took us many weeks to get into contract with the bank selling it.

Lenders and JV Partners Ready To Commit Contact Me  Now

Own This Home – Cash Buyer Save $$$ buying now   Select cabinets, flooring paint, kitchen and bath fixtures. 

Call Steve Pohlit, Managing Partner
727-587-7871
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Steve Pohlit, Managing Partner

How To Profit With The Properties On The Monthly Bank Owned Property List

Bank Owned Properties Monthly Bank Owned Property List Explained 

First the monthly bank owned property list is the inventory of residential homes by city and state that are currently owned by banks that have decided to release them to market for fast sale.  In many cases they have been on the MLS, you may find them on Zillow and you may find them on auctions sites.  However, they have not sold so the banks are moving them out through a bid process.

The Good News 

The price presented on the list by the banks is not what you need to bid.  Our experience to date is bid in the range of 40-60% of the price on the list has a good chance of winning.  Bidding on multiple properties increases your chance of a successful bid.

The Reality of This Process

It takes work – due diligence is a process and there are no shortcuts.

You must move fast – normally you have about a week to evaluate the deals an make a decision

It is important to have all the cash required for your bid.  As part of our program you will need 50% of your bid amount plus $2,000 buyers premium for each property where you want to submit a bid.

Do We Distribute The Entire List Upon Request? 

We distribute the entire list to our business partners and mentoring students.  Each understand the process and have agreed to abide by the rules for sharing this information. If you are not in a partner or student we will send you the properties for your city once you represent you will not distribute the information, you are qualified to complete the due diligence process and you are a cash buyer.  We recommend having a minimum of $30,000 available for the bidding process.

Can I Bid On The Entire List?

The recent list price value of all the properties on the last two months lists were approximately $44 million. For those interested in placing a bid for the entire list we will work with you to complete the process. You will need to provide proof of funds for $25 million.  The total you bid could be less than that depending on the mix of homes.

Are All The Properties on The List Single Family Homes?

Some of the properties are condos and some of the single family homes are manufactured homes. The majority of the homes are single family home in a range of sizes.

I Am Interested – What Is The Next Step?

Contact me by email ( Click Here To Email ) and please provide the following

1. Include in the subject lint ” Important – Send Bank Owned Properties ”
2. In your message confirm you are a real estate investor experienced in doing residential property due diligence.
3. Confirm you are a cash buyer and have access to a minimum of $30,000

Be Sure To Register On The Right of This Page for Our VIP Mailing List  

Finally – Is This Worth It?

When you have a buyer beware mindset and act fast there are opportunities for very good returns especially if you have experience as a flipper and wholesaler.  Your chances improve if you are able to acquire more than one deal at a time.  However, we are unique in the market because we do accept bids for one property at a time.

“Your Success Is Our Business”

If this catches your attention I look forward to hearing from you

Steve Pohlit, Managing Partner 
Email 
Ph 727-587-7871

Steve Pohlit, Business and Real Estate Coach, Consultant, Real Estate Investor. Published Author, Professional Speaker

 

Exclusive VIP Buyers List Program: Pretty Homes at Ugly Home Prices

Pretty Home for Real Estate Investor

 $50,000 (fifty thousand dollars)  for 50%  Equity In A Home Valued at $200,000 Minimum

Can you imagine acquiring a home like this for $50,000?  There is a fairly well guarded process on how this is possible.  It works in selected areas and we know the areas and have the teams in place for success.

Additional Details:

1. Your participation:  Currently $50,000 (this will increase in the next 3-6 months)
2. ROI: Most transaction are projected to have an ROI of greater than 50% annually

What is the catch? 

There is no catch. You must understand the entire process from date of participation to date when the property can be resold by you can be 12-24 months.  You and your joint venture partner will own the property in about  months from the date your participation begins.

What Is My Security?

There is minimal risk in this process. However, should the rules and regulations governing this opportunity change quickly, half or $25,000 is your risk.  Also since the amount you pay is in two phases with the second phase being due approximately 90 days after the first, you must be confident that you have the second $25,000 otherwise the transaction will be the JV partner responsibility to complete and you forgo the first $25,000

Are There Additional Details? 

There are many actually which we can discuss with those who have the money and interest in this program.

Next Step

Simply Email Me your complete contact information including your first name, last name and cell phone and I will set up a meeting (can be by phone ) where the complete details will be explained. When sending  your information please note this is for direct buyers with the ability to fund the purchase of one or more homes.

This is an incredible opportunity and you will agree when you receive all the remaining information.

Steve Pohlit
727-587-7871
Email