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We are a Real Estate Investment Company that purchases houses, rehabs them and sell them. We are looking for people to find undervalued homes for us. You just find undervalued properties in your area. We teach you how to find them. We do two things. We purchase homes, rehab them and then sell them. The other thing we do is purchase homes and sell them to other Real Estate Investment Companies who then rehab them and sell them. That is called Wholesaling.
I’m going to explain wholesaling to you first because you make money much faster with wholesaling than you do if we purchase the home, rehab it and sell it. That can take you 4 months to 7 or 8 months to get paid. However, you make a lot more money on those than you do if we wholesale them. You would make a minimum of $10.000 if we purchase the house, rehabbed it and sell it. With wholesaling, you can get paid, in most cased in a couple of weeks. In either case, what you do is find homes that are undervalued. We provided you with information of where you can find undervalued homes. Believe me, there are a lot of ways to find undervalued homes.
Let’s assume that you found a house. What we do is run the comps on the house, go through the house with some general contractors to determine what it will cost to rehab the house. Then we determine what the rehabbed house should sell for. Let’s assume that the house had a $40,000 profit when it was sold. We have hundreds of investors that want to buy houses to rehab. What we do is send out a detailed report about the house to all of them and let them know we want to make a profit of $10,000
when they purchase the house. Many times, the Real Estate Investor will bid against each other and increase what we make. It is not unusual when we say we would like to make $10,000, we end up making from $10,000 to $17,000. Did you notice that I didn’t say we get paid when they sell the house? That’s right we get paid when they buy the house. Because the Real Estate Investors pay cash, we normally get paid in less than two weeks on properties that are wholesaled. You would make $2,500 on that transaction if we made a profit of $10,000. If we made a profit of $17,000 you would make $4,250 on that one transaction. Many of our people are finding 3 to 4 of those properties per month.
On the houses that we purchase and rehab ourselves, you would do the same things that you do for finding houses that we wholesale. The difference is that we only rehab houses where there is a potential $100,000 profit, after paying for the house and rehabbing the house. On the houses we rehab we pay you 10% of the profit. A Home Finder found a house in Southern California that had a profit of $275,000 after it was rehabbed. Over $200,000 was put into rehabbing the house. If you had found that property, you would have made $27,500 on that one deal. That property took a little over 7 months to rehab and sell so it took the “Home Finder” over 7 months to get paid. The nice thing about our program is that you will only make small amounts of money on the houses we wholesale, but you can make really good money on the houses that we purchase, rehab and sell. Many of our “Home Finders” are finding in addition, to the 3 to 4 homes they find that we purchase per month and wholesale, they also find 1 to 2 properties that we rehab.
As a home finder you make 25% of the profit when we sell a wholesale property and a minimum of 10% when we sell a property that you find, we rehab and sell.
You normally don’t find undervalued homes on the MLS (Multiple Listing Service) that
Real Estate Agents use. You have to find them yourself. There are a lot of them out there. This is where you typically can find undervalued homes with motivated sellers:
The following are ways to get people calling you:
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