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A
Call for Partners/Investors!
For ten years, I have been investing in real estate. My specialty is properties in distress. With the economic slow-down, there are a vast number of homes available. I have had to ignore properties that have great investment potential, because of the lack of funding. I am looking to expand my investment opportunities by sharing with others the investments that I am able to find.
I
am looking for:
a)
Partners who I can teach to find and evaluate a property’s potential
and bring me the properties that investors such as myself would be interested in
purchasing.
b)
Partners who are interested in investing in real estate to share in the
income and expenses and receive huge rates of returns on each property, over and
over again.
c)
Partners who are interested in loaning me money for the purchase of
property and receive a guaranteed interest rate of 12% to 15% on each loan and a
2% loan origination fee. This
generally would be short-term loan for a couple of months.
It would be secured with a note and deed of trust on the property and
have 25% or more equity after all loans are included.
As you can see, by doing 3, 4 or 5 of these loans in a year (rolling the
loan from one property to another) your APR will be 42% to 70%.
d)
Investors who are interested in loaning money to others with bad credit,
but with equity in their property. The
interest rate for these loans would be whatever you thought it should be based
upon the borrowers credit and the appraised value of the property. I would work as the loan originator, getting the paperwork
together, getting the appraisal and arranging the closing, for 2%-3% of the loan
amount. The borrower would make
payments directly to you, the investor, or as otherwise arranged.
There
is no minimal amount to invest, but the more invested the better the rate of
return will be. There is no set
maturity date, but arrangements can be made to meet your needs with proper
notice. If you have any questions,
comments or concerns, please call me, Richard Davis, at 303-941-4823 or by email
at Rich@RichDavis.com.
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