|
Residential Renovations: The time to invest is now.
We are looking for investors who wish to take advantage of the current low prices on real estate for a solid short-term profit but don’t have the time or desire to find the properties.
Currently in the Las Vegas market, there is much profit to be made in turning over properties that can be had at prices far below normal market values. In the past, the problem for investors has been to be able to rent their properties for more than their mortgage. But while purchase prices on housing have plummeted, current rent prices are holding, and even increasing, making the renovation of starter homes now profitable. Investors can take advantage of these temporary low prices and can make profits both on rents and equity.
We are looking for investors to join our team, so that as the deals become available, we can seize these exceptional opportunities, and together we can all benefit
As a prospective investor, you will have the opportunity of several options.
EXAMPLE:
Suppose we have a contract to buy a property for $90,000 which, after $10,000 repairs, will be worth $160,000.
You lend the $100,000 at 12% APR, which will, after 4 months, give you $4,000 profit. As security for the loan, you have first lien on the property. Your investment is secure. In the unlikely instance of a default, you would take possession of the property, which is already worth more than the $100,000 you invested, because it was purchased at a deep discount. Our company oversees all the work.
As soon as the property is rehabbed and ready for sale, it’s now worth at least $160,000. The company may now either sell it (at a small - maybe 10% - discount for a quick sale) or refinance it. In either case you are paid back. If we sell or refinance the property, we pay you $104,000 { a 12% APR}.
BUT YOU HAVE ANOTHER OPTION:
69% Return on Investment
If you choose to buy us out and keep the property, you are given, as the Lender, 50% of the PROFIT in lieu of points and interest, and you get the property for $130,000 [$160,000-$100,000 = $60,000; 50% =$30,000].
Instead of our giving you $104,000 back (loan principal plus points and interest), you give us an additional $30,000. You would now own the property free and clear, with $30,000 in equity, which delivers a profit of 23% in 4 months {effectively a 69% APR}.
You may now either:
a) sell it on to someone else and take the profit,
b) put a tenant in it and keep ALL the rent, or
c) refinance it and let the tenant make the payments for you.
If you do a cash-out refinance, you can then do another similar deal.
[Even if you don’t have the extra $30,000 you can still participate in the deal, as the company can deed you the property and carry a note for the $30,000, and you can then re-finance the property to pay off the note.]
Deals such as this one are being done every day. Now you can participate in them and greatly increase your wealth. The time to invest is now.
Christina Alexander President, Long Valley Corporation
|