In the early part of the year I attended a Real Estate Investment seminar in Houston, at the J.R. Brown Convention center. I must say it was an eye opening experience. If you were heavy into real estate or a novice you were probably there. While attending, I attended a workshop where I was introduced to reverse close. The word note stood out on the marquee outside the conference room so that is what got my attention. As an attendee, I listen to the presentation, the word reverse close was introduced to me, like you I had never heard of the word reverse close nor did it make any sense to me. After sitting through presentation, I was excited and also was hooked. I saw the income potential immediately. I will now explain what reverse close is. Let say that Bob a Wal-Mart employee has a strong desire to purchase a home for he and his family to live in. Bob the savvy man that he is has decided to live within his means by paying himself first including paying his bills on time and saving his money along the way. Like most looking to purchase a home, Bob applies for a mortgage loan and is denied. Unfortunately Bobs credit is poor due to a pass bankruptcy and foreclosure. No financial institution will give him a loan. You introduce Bob toreverse close (your new income stream). You explained to him that he should go on- line and visit HomeBuyerInvestorGroup. After he visit the website he understands what is expected in order to make the deal work. He now understand that his credit hardship is a non factor in getting into his new home. He understand from you that if he were to purchase a home for 150000.00 all that he would need to come up with is 15,000.00 or 10%out of pocket. He is so excited after you tell him about this. He now understands that his house will be financed by a private lenders like yourself. You are only concerned about his ability to come up with the down payment and make his monthly payments on time. While you are working out at the gym you explain to your buddy that he can get a great return on an investment of 150k or less and he may not have to use his own money if he dont want to and still get a phenomenal return in a relative short time. This is how it works for you the investor: For Example: The Purchase Price of the Home $150,000 BUYER,S RESPONSIBILITY $15,000 YOU the investor $7,500 OR 5% 85% NOTE = $127,500 5% RATE $ 684.44 BUYERS NOTE $127,500 x 1.15% = $146,625 9.9% RATE $1,275.91 YOUR MAIL BOX MONEY $ 591.47 X 12 = $7,097.64 PROFIT ROI =94.6% (P/I) HOWEVER LONG DESIRED? REFI IN YEAR #1 263% ROI $146,625 PAYOFF AFTER 12 PAYMENTS = $145,792.78 $127,500 PAYOFF AFTER 12 PAYMENTS = $125,618.91 DIFFERENCE = $20,173.87 LESS ORIGINAL INVESTMENT = $ 7,500.00 PROFIT = $12,673.87 ADD 12 MONTHS OF MAILBOX MONEY $7,097.64 TOTAL NET PROFIT $19,771.51 (investor Return) $19,771.51 (TOTAL NET PROFIT) ÷ $7,500 (INVESTMENT) = 263.62% ROI I know you must have many questions, This post is design to get you to ask questions and investigate. For more info LISTEN TO 100.7 FM RADIO (HOUSTON) AT 12:05 PM - 1:00 PM Success in the New Economy Host: Barry Power. You can also call the office at 713 904 4444. If you like you can tell them that Michael Love sent you.
Posted on: Mon, 30 Jun 2014 18:02:10 +0000
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