INVEST WITH US! Dear Investor, To invest with us: submit this form
We buy several homes each month and when we pay cash for a home, we use private lenders instead of using our own funds or bank loans. Since we get a very high return on our own cash, we can offer our private lenders a high yield when using their money to fund our deals.
Maximum loan to value is 80%. That means we will borrow up to $80,000 on a $100,000 property. The money we borrow is secured by a 1st note and mortgage. Our investor gets 9% interest. Monthly payments include principal and interest, or interest only, depending on your desires.
Interest-only payments keep 100% of your principal working for you. Most loans have a balloon payment due in 1 to 7 years. The term is decided by the investor’s desires.
Sometimes we borrow offering a 2nd mortgage. For example, if there is a first mortgage for $50,000, then we can offer our investor a 2nd mortgage of (up to) $30,000. In the case of a second position, we pay 11.00%.
All private lenders get:
- Promissory Note
- Mortgage recorded against the property
- Added on to the hazard insurance as the mortgagee
- Copy of an appraisal or market analysis report
- Lender’s title insurance
We pay all costs involved to close the transaction. There is no cost to the investor.
To invest, we would first find out how much you are looking tie up and for how long. We would then look for a deal that will meet your criteria. Once located, I would call you, give you all the details, and then you would decide to participate or not. There’s never any obligation until after you approve the deal.
We never co-mingle or pool funds together. One investor…one note and mortgage.
When you decide on a deal, you’ll send your funds directly to the closing agent at a local title company when we’re ready to close. We’ll never accept your funds directly.
All the homes used as collateral will be located near
A majority of our private lenders currently include family members, seasoned business contacts and previous sellers we bought a property from. Only recently have we opened this to others visiting our web site.
If you have funds in a retirement account, you can use them to invest. The IRS requires the use of an approved custodian to qualify for tax deferred or tax free gains. We recommend Equity Trust Company to create a self-directed real estate retirement account. We will be glad to discuss this with you further.
To learn more, or to be added to our private investor list, please call or click here and submit this form. Your questions are always welcome.
Sincerely,
Your Friends at ezSellAhome
