23.2.09

New Business

Hello everyone out there in the world. Real quick: I am currently setting up a real estate investment company specializing in buying a liquidating distressed homes. What does "DISTRESSED" mean. To me, it doesn't HAVE to mean that the home is in terrible condition, but I am totally fine with that. For my purposes, distressed simply means that the house is in a situation that requires immediate attention. Maybe the home was inherited by the current owner through a death in the family and the new homeowner, just wants to cash it out and move on. Maybe the home is distressed because the current owner can no longer afford the payments due to circumstances beyond their control. Maybe it is distressed because the owner is a landlord that is tried of having his property trashed every time a tenant moves out. The point is, there are lots of reasons to call a home "DISTRESSED."

I provide a service to the homeowner that will generate quick cash for them - often times within 7-10 days, sometimes longer, sometimes shorter. The point is that I am trying to create a situation that the homeowner can live with. I do not prey on people's misfortune as so many other investors out there do, but rather try to create a quick, pain-free experience for the homeowner to get out from whatever stress the property causes them. Often times I am dealing with homes that REALTORS, mortgage companies, and retail home buyers will not even touch. I have a network of buyers ready to pay cash for the homes that I work with and provide a quick sale for the distressed homeowner. The only thing I ask of the homeowner is that they UNDERSTAND that they will have to trade equity in the home for quick convenient solutions. I cannot pay full retail prices for homes and I am in this as my living. We will need to purchase at a discount that the seller is comfortable with in order to provide a win-win-win for the homeowner, for me, and for the end buyer who is going to be fixing or renting the home.

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