These are pictures of a condo development where a bank have offered us 20+ units. When we get offers like this we have to move fast. In this instance we had to decide within 48 hours.
That's why part of this process is that we have to ask investors to transfer their monies to the escrow account in advance. Then we can move quickly when we have to.
If you want more details of how this opportunity works we have now put together a couple of PDFs which you can download from
and
just right click and click 'save as'
To give you an idea of what's on offer we could probably have picked up the 20+ units for about $50,000 each against an appraised value of $110,000 each. Don't forget that if you then refinanced the mortgage would be assessed against the appraised value, meaning you'd easily get your intial investment out, have a cash back, have a readily rentable unit, and equity. Obviously we'd require a fee, and there'd be legal and other costs but you can see that there are still great profits to be made because we can buy in bulk so cheap.
Please email me on peter@gainmaker.us, subject line blog, if you'd like more info on any aspect of this opportunity
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