Mike Smith

Elk Grove, CA (USA)
Role(s):
Other

Real estate company

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Location: Elk Grove
Industry: Real Estate
Year Founded: 2009
Number Employees: 10-50 people
Business Stage: Mature
Entity Type: Not Incorporated
Description: Hello Potential Lender, We are a Real Estate Investment firm that buys auction properties at a discount which we then renovate and sell at market value. This in turn improves the local community, creating jobs while making a reasonable profit for our company. Our team performs a great amount of research in targeting each property to ensure that each purchase is profitable. We spend a great deal of time driving to the properties, reviewing the condition, taking pictures, estimating renovation costs, and researching property history with regards to any clouds that could be associated with the title that can increase the acquisition costs. This is how we ensure that each property is profitable. Additionally, many of the properties that are acquired are currently listed as a "short sale" with other real estate agents. When an identified property is listed, we contact the listing agent to find out if they have any offers, how much are the offers, and if the property goes to auction, are they willing to purchase the property from us in the case that it goes to auction and we purchase it. So, in many cases, we have already identified prospective buyers before we even purchase it at auction. Over the past year, the people that have placed their trust in us have beaten the odds. The small group of partners that have teamed up with us have shown a profitable 2011 that merits expansion. As our Home Team has proven, they have the experience to generate substantial returns, as well as the tools, systems, and resources to grow on the previous years' success. Purchasing, renovating, and profitably selling auctioned properties is rewarding, yet can be challenging. A great deal of surveying properties and research is necessary to ensure that the investment will be profitable. The redevelopment business is all about purchasing and improving intelligently while accurately forecasting the price that an improved property will sell at quickly. While historical performance cannot guarantee future success, a decade of results is hard to dismiss and our returns plus our 53-day purchase-to-close-of-escrow average over the past year is due to experience, discipline, and proper research into the targeted properties and areas. Our most experienced investors have made sizable increases to the amount they originally invested. In addition to the dollars earned while safely investing in real property, the satisfaction of transforming properties, often from the worst to the best house in the neighborhood, is also very satisfying. Currently, we are looking for $10,000,000 in loans to expand our business. The minimum loan amount is only $25,000. We are offering the following fixed simple interest rates based on the TOTAL amount loaned: 9% annual fixed simple interest on $1,000,000+ 8% annual fixed simple interest on $100,000 to $999,999 6% annual fixed simple interest on $75,000 to $99,999 5% annual fixed simple interest on $50,000 to $74,999 4% annual fixed simple interest on $25,000 to $49,999 All investors will receive quarterly interest only payments on their loan to the company. The loan term will be 24 months. You may request your principle back at any time within the 24 month period with 120 days written notice. Loan contracts will be governed by the laws of The State of California. Please contact us for specific terms and conditions. While we cannot guarantee the results of any individual acquisition, the real property that we acquire holds value. Real estate, being one of the safest investments available, most would agree that it is a sound investment strategy to have part of your portfolio invested in real property.