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 firstname.lastname@example.org www.herrerarealty.com Thank You for your time.
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)
Resume, 1003, Breakdown of the rehab, recent appraisal or BPO or comps
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George R. Mallory,
VP of Finance, Underwriter