We Buy Fix-Flip Properties... Money in your hand under 6 weeks !!!

Properties to Purchase All-Cash Guidelines

We are in the market to purchase buy-fix-flip properties with an ARV of no more than $600K. We will consider receiving and viewing all the properties you submit to us, and we will only submitting a purchase contract/s if the profit margins will net a minimum 25% of ARV profit, with $40,000 being the minimum acceptable profit amount. ARV is based on the comps you provide to us.

Once property is under contract it is imperative that we get a 10-day inspection clause. We reserve the right to order an inspection and/or appraisal to verify condition or value of the property as a contingency to buy the property.  If, for whatever reason we do not accept the “as-is” condition after the 10-day inspection we can exercise the inspection clause, back out of the deal, and our earnest money deposit will be fully refundable to us.

The purchase contract should allow 30 days to close from time of completed inspection period, and the purchase price will be paid on an all-cash basis.

If you have properties to sell and understand the guidelines above then please send us your properties information to  bill@herrerarealty.com   www.herrerarealty.com   Thank You for your time.

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I not only represent a fund, the owner of the fund is a personal friend that has allow me to market and underwrite their program; first this is not a line of credit or an joint venture with a 50/50 split. This nationwide program is a swift solution (3-5 day to fund) for real estate investors with no advance fees to worry about. Thank you, I welcome working with you.

 

    Lending for Real Estate Investors Nationwide (Short Sales, REOs, Auctions)

 

  • 100% of the Purchase base on a 60% ARV
  • Property Types: 1-4 family, wholesale purchases, short sales, REO, Multifamily, Mixed Used
  • Terms: 12 Months Interest Only with No Pre-Pay Penalties
  • Fico 650, experience will always trump your fico or your financials
  • Rate 10% to 13%, no monthly payments
  • No tax returns or Bank Statements requirements
  • Points 2-3, points that can be rolled inside the loan
  • Loan amounts: $50,000 to $5M
  • The loan can be refinance or flipped: No Pre-Pay Penalties
  • 24 hours for an email quote
  • Commitment letter for your          seller much better than a POF
  • Contract issue the same or next day
  • Funding: within 3-5 days

 

Resume, 1003, Breakdown of the rehab, recent appraisal or BPO or comps

 

 

 

 

 

Have a Powerful Day

George R. Mallory,

VP of Finance, Underwriter

Mobile: 917-653-5215

Fax: 917-591-4601

Email: russellmallory178@gmail.com

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