The recommended system is set up so the company actually buys the property from the bank, you buy the property from the investment company, they fix up the property then they find a qualified buyer for you. That buyer will buy on a contract and you will then receive the monthly income. There is even a mortgage processing company that collects the payments for the investor. All homes are sold to investors for $34,900.
According to Stoller, “Probably the most exciting part about our affiliated system is that the REO company actually guarantees your income for up to 12 months! They will pay investors $400 per month until they have the house ready and a 2nd buyer begins making their payments to the investor – I’ve never seen or heard of anything like this before. I certainly could have used that guarantee when I bought all my properties before this!”
Another important consideration in real estate investing today is financing. Lending institutions are still very tight on their lending policies and this trend is expected to continue. Our affiliated resellers company has a program where people can utilize their retirement funds to purchase the properties at $34,900, resell them at $51,000 - $55,000 (on average), and keep all the monthly income and profits inside their tax qualified retirement accounts. Stoller goes on, “This is another reason why this program is so appealing to so many people. It allows them to find the cash needed to purchase the properties that they otherwise might not have – it’s not just for the high income professionals, this is for anyone who wants to take a little more control over their retirement plans.”
Brad Stoller, a former professional golfer turned entrepreneur, states that their system is currently hot due to the large number of foreclosures. That number has actually been growing and is expecting to remain high for another year. “Each day as our economy begins to recover, however, means that this opportunity is closing a little each day. At some point the home values will recover enough that the opportunity will be gone for many years – we may never see it again in our lifetimes.”
For more information about the REO Homes Opportunity that is available, people can visit www.besthotforeclosures.com or contact Brad Stoller at Brad@todaysrealestateinvestor.com
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