Structure: Canadian to Canadian JVP agreement in place to support returns and timeline
Alternate Structure: US company JVP with US entity
Suggested timeline 12 months – Excellent return for investors
Investment proposed: 50,000-150,000
Existing team in Texas who operates in 14 different markets including Houston where the natural disaster has created a fundamental shortage of supply for homes in a Market that has a consistent supply of strong buyers which creates an opportunity to turn capital faster for greater returns that the past.
The team in texas has been in operation for over 15 years, has a team of real estate professionals (realtor, appraiser, contractors, property inspectors) that view and complete due diligence on all properties prior to purchase so the entry and exit prices are well established in advance. In addition the team in the US has an extensive network of wholesale and retail buyers across the markets in which they operate.
30% of properties are bought physically at the auction for pre determined prices
70% of properties are bought dealing directly with the owners prior to the tax deed auction and via marketing (bird dogs, direct mail, door knocking) auctions of mortgage notes, and foreclosure auctions. This ensures a constant flow of properties that fit the buying criteria:
Purchase at 30-40 cents on the dollar (FMV) and renovate or sell as is for 60-80 cents on the dollar
Buyers come from 3 sources to create fast sales: network buyers, MLS, wholesale investor buyers