If you have the credit score and the assets to build a $500,000 house or more you can be put in a position to make a lot of money without doing anything.
You can become an armchair investor. What do I mean by this?
Think about this... You contract with a national or regional known builder to build in an up and coming neighborhood or established neighborhood
- You start work on a 3000 to 4000 sqft house.
- You have 6 months to market this property without a payment
- The Realtor that found you the deal (my team). Markets the property for you.
- Lets say it takes 8 months to find a buyer. So you start making payments on month 7 because after you close your loan on the back end you have to wait 30 days. Now you've only made 1 payment.
- But you can get draw money out during the construction process. Now you really don't have to worry about the payment
- The numbers...
- Purchase pre construction is $330,000 after closing costs and realtor fees
- Appraisal and List price $485,000
- Sale Price $470,000
- Realtor Commissions 4 to 5% of sale price. 1% to listing agent and 4% to buyers agent to bring in buyers. 5% - $23, 500
- Actual Sale Price $446,500
What is your profit...... $106,5000 in less than a year!!!!
What did you do?
Did you market the property?
Did you build the house?
Did you show the house?
Did you have to worry about cutting the grass or upkeep of the house?
This is a great way to make over $100,000 in 1 year just for having the ability to get a loan.
Where can you do that?
In some cases there will be no out of pocket costs for you and in some cases you will have to put money down.
I work with small and large builders across the metroplex to find these oppurtunities. Texas is one of the fastest growing markets in the United states.
Our team will be marketing your property the second you sign the loan documents. Marketing is the key to moving these houses
You can join my investor list at www.TheHouseHub.com
Our team is serious about making our investors money. We like repeat Customers!!!
Eric Love
Investor/Agent
VIP Realty
AMQ Real Estate - My investment company
Wednesday, August 8, 2007
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