John Andrade

Yuba City, CA (USA)
Role(s):
Founder/Owner/Principal

Jordans Jumpers, LLC

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Location: Yuba City
Industry: Investing
Year Founded: 2006
Number Employees: 1-10 people
Description: We are looking to buy several bank owned and tax auction Single Family Residences and resell them on owner financing - cash now, cash flow and cash later. All properties are at least 65% LTV. We work with sister companies - which includes short sale negotiators, real estate agents, mortgage servicing company and property manager. We are seeing those distress owners with 'pretty houses' before the short sale process has started. Our companies goal is to purchase and then resell (at 30%+ profit) 10-20 single family homes every few months - nice homes that will move quickly. We plan to sell on 80/10/10 terms with the 80% LTV loan to be sold to a note buyer to cash out the underlaying loan (all borrowed money). We expect to hold the properties for no longer than 2-3 months(for little home improvements). This would give a turn rate of 3 times per year on the funds borrowed allowing great growth on your funds. Points and interest rates need to make sense for the overall costs model but are less important than availability of funds. If interesed, please email what your company has to offer.