Michael Joy
Jacksonville, FL (USA)
Role(s):
J & R Assocates Group inc
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Startup
Location:
Jacksonville
Industry:
Real Estate
Year Founded:
2007
Number Employees:
INVALID
Description:
We buy property at well below market value, send in our contractors to repair any defects. Then resell the property at full market value with a catch. We hold the down payment and the closing cost in the form of a second mortgage. We also help to ease the struggle of financing with our experanced loan department. heres the catch, at the end of 2 years of good payments, we forgive the remander of the second mortgage giving the buyer up to 20,000 in equity. Only condition is thay stay in the home atleast the 2 years or the note is due in full. We beleave that this will stemulate the housing market and give people a chance to buy, that would not have a chance before.