The 10-10-10 Foreclosure Plan is very simple to understand and it can make you a lot of money!Rogue Investor will put you in touch with a team that consists of a real estate agent, a contractor and a property manager. These teams have been analyzed and proven to be successful, and will work extra hard to find, repair and rent your cash flow investment. 1. You will work with a highly experienced real estate agent to get income producing property, typically a foreclosure. These agents specialize in foreclosures, and have the experience to negotiate the price down dramatically. In return, you pay us a 10% finder’s fee. Our goal is for the agent to save you more than 10% so your fee is free. Here is a recent (Summer 2009) example a Rogue Investor Client found: Duplex REO Foreclosure Bank Asking Price: $31,000
2. You will work with contratctors who are inexpensive and competent and are ready to fix up your property to get it in rentable shape, or make it suitable for government programs such as Section 8. Our experience over the last year has shown that these contractors are at least one-half of the cost of other contractors. For the managing of any fix up or rehab, there is only a 10% charge to the contractor. There is no middleman or overpriced general contractor. 3. The final 10% is for rental management. The highly experienced property management team will manage the rental, occupancy and collection of rents to keep the hassle factor down as low as possible. For anyone who has managed rental properties, you will recognize that this nominal fee is well worth it. Furthermore, your risk is greatly reduced because the teams screen each property and provide estimates of any rehab costs and ongoing expenses. They let you know what the rental market is and how you can use the government’s Section 8 program. They work with you one on one, take pictures, get quotes, and speak to the city all before you sign on the dotted line. The cost for these foreclosure houses, duplexes, 4-plexes and other multi-family units ranges from $6,000 to $48,000. This makes it a great market for anyone with a little cash (e.g., self-directed IRA money) or partners to come together. Why worry about financing when you can come up with the cash; oftentimes, the entire cost is less than what you would have paid for the down payment just a few years ago. Rehab is typically in the range of $5,000 to $15,000 when needed. You can expect to earn about $600 to $800 per unit in rental income. The annual returns are spectacular and you have no mortgage to pay! Finally, the title is in your name or your company name. If you choose to use another company for rental management or if you want to resell it as quickly as possible, it is your property so it is your decision. The bottom line is there are no guaranteed returns, but there are plenty of examples that will blow your mind. If you ever have considered investing in foreclosures or even making this your business, now is the time. Believe me. Other great opportunities have come and gone and this foreclosure opportunity could be one of the best opportunities of our lifetime. I am acting on it and I invite you to join me. In fact, here is an example of a currently available property: Single-Family Home, Kansas City - E.
61st I only ask that you put down a non-refundable finder's fee deposit of $500, so that I know you are serious. This deposit will be applied towards the 10% finder's fee. You can get started by:
Cheers to your new cash flow, Michael Williams |
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