Purchase -single family homes in Michigan at discounted prices for re-sale. -existing homes from investors and banks at reduced prices for resale. -existing land contracts that include deed transfer to us. We prefer to have warranty deed transfer of ownership in all properties for maximum investor protection.
How We Protect Our Investors
Entrance Plan -We purchase properties by warranty deed that includes a title committment without standard exceptions. -We use licensed real estate appraisers and real estate agents to find and market our properties as needed. They will also comp current and future values after repairs and remodeling. -As further information about the properties, we order a mortgage report (non-staked survey) to be reviewed prior to purchasing any property. -Confirm proper residential or appropriate zoning. -Pull public building permit history/utilize a home inspector to verify updates/ repairs were properly permitted. -Drive the neighborhood to inspect homeowner upkeep. - Check with the local township for any pending un-recorded liens, for cleanup, unpaid water bills, etc. -Our investors are paid interest from the time we recieve their investment. We issues payments quarterly to our investors. If our homebuyer suffers a financial hardship and cannot make the housepayments, our investors are still paid their quarterly interest payments.
Marketing Plan
-Offer as many financing options as possible to our buyers. -Research future value prior to purchasing. -Review the best mix between acquision, marketing and future sales price. It would be better to pay a bit more for a property that requires less repair. That enables us to re-list much faster. -Create the ultimate business models in order to tailor future purchases. Lower priced to slightly higher priced homes will cater to both individual buyers as well as families. -Constantly review acquisions and cashflow as well as seek out new investors.
Exit Plan
-Purchase, repair, and resell each property as quickly as possible for the correct sales price. -Maintain curb appeal, cleanliness, and all possible marketing techniques to attract buyers. -Keep our investors informed via news letters and website of our progress and growth.
Why Invest With Us?
I offer a secure investment opportunity, personally developed and overseen by me, Bob McClure. Our investment minimum requirement is only $1,000. We have no pre-established maximum investment amounts now. This small, minimum requirement enables almost everyone to become a real estate investor without having much money to work with and never pick up a paint brush or interview a realtor. We don't use bank money for our home purchases. We use your's. I have tackled and closed some of the most difficult and creative transactions that most mortgage professionals would not have even known where to begin figuring out. My creativity and determination to help my clients through the years, has taught me the proper way to start and complete a transaction. Closing a "win-win" purchase transaction is the ultimate personal and professional satisfaction, not just for my clients, but for me personally. For certain properties we purchase, we may want to resell outright, get cashed out and re-invest the proceeds. For other properties, we may hold a land contact. Our marketing niche for these is to find good, deserving people that have suffered a temporary hardship that prohibits them from financing and cashing us out. We can offer them the opportunity to become a homeowner, when everyone else has turned them away. If a potential buyer can demonstrate to me they have a decent downpayment, the ability to make the monthly housepayment, and the credentials to be financable in the near future, I believe in giving them a chance. My main goal is to protect my investor's money. Everything else I will do revolves around that. I will be paying back periodic profit sharing as it becomes available as well as interest on the original amounts each investor puts into the fund to get our program started. We do not use bank money to fund our program. We also cannot set our home prices too high. The market dictates to us what each of our homes will be listed and sold for.
My Credentials.
I have been a residential mortgage orginator since 1994. My specialty is low risk, higher risk/tough deals as well as consulting. I taught new and experienced mortgage loan orginator's training classes when i was a partner at Mortgage Masters in Livonia, Michigan. At that time, I had only been in the business for three years. Mortgage originators now are required to be licensed. I have taken the required 20 hour pre-testing training as well as the 20 hour pre-license training. I have taken and passed the Michigan State Loan originator's test as well as the National S.A.F.E. licensing test. I have also voluntarily taken and passed the following state mortgage loan originator's tests- Indiana- Tenneseee- New Hampshire & Vermont. My NMLS License number is 162592. In additon to all of the above, I have had to pass several criminal background checks through the Michigan State Police and the F.B. I. I have also had to pass three fingerprint checks. The state of Michigan has pulled my personal credit report. I am now also bonded. What gives me the confidence to begin this new venture and know we will be successful is my experience, personal credentials, and my overwhelming devotion to those investors and homebuyers who have and will come forward with their hard earned money and know I will handle things with the utmost professionalism. My personal hobby has been building and remodeling. I have built dozens of decks, a 12 x 12 outdoor shed from scratch, completely rebuilt two homes, completly remodeled two other homes, and completed countless painting and remodeling jobs. I have a garage full of tools and a working knowledge of construction and remodeling. My plans include continuing my career as a mortgage representative. Very Best Regards,
Bob McClure Have questions? email me..... click (248) 806-0366 or Brief form below
Terms & Conditions * Interest- Interest only payments are paid to you quarterly until the pool to which your funds are assigned purchases and then re-sells a property. The amortization to structure payback of your funds to you at 12% interest with both prinicipal and interest payments will match the amortization (payback period) of our buyer's land contract, if that's how the property is re-sold. When the pool is cashed out, you will share some of the sales profits as well as being paid the remaining balance of your funds that are owed. You may elect to keep your funds with us for re-investing. Land contracts may carry a longer period for repayment, but will have a demand feature (balloon) of not more than five years from date of sale. **4% Bonus- Credited to you within sixty days of receipt of your funds, as a signing bonus. Unlike profit sharing and principal and interest payments, the 4% signing bonus is only offered to new investors, their first year with us. Please acknoweldege that you have read and understand the above.
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