Big Deal: Indian Hill in Cincinnati
- Shortsale (foreclosure)
- Acquisition Cost: $1.6 Million
- Built at a cost of $4 Million
- Re-sale Price: $1.99 Million
- Total Profit for Raising Capital: 1% x $1.6 Million = $16,000 or PHP688,000 ($1 = PHP43)
- Back to back same day closing
- Can be compromised of several investors
- Minimum per investor: $100,000
- 1% return for utilizing his/her money for 3days
- 1 day to wire money to US
- 1 day to close the deal
- 1 day to wire money + return back to investor
- Security: investor’s money will NOT be wired until our buyer’s money is lined up
Who are the seller?
- Trace Trajano, a Filipino real estate guru residing in Cincinnati, Ohio, USA. He acquired over $13 Million of properties in the past 6 years
- Bob Massey, an American real estate investor, foreclosure expert and creator of The Agent Magnet
- Actually, this property was not owned by them but they have the control so they are the only people who can resell this property.
- A
- B
- Money is required for only one day
- Will not be funded if C buyer does not have cash
- What if the buyer backs out?
- Answer from Trace/Bob: We usually require a 5% non refundable deposit from our buyer. Also, we usually have back-up buyers. Lastly, most of the buyers of million dollar houses are cash buyers.
- Have you done this before?
- Answer from Trace/Bob: YES – hundreds of deals done all across the USA. We also partner with our students to enable them to do the same.
TELEPHONE NUMBER: (02)577-6972
MOBILE NUMBER: +639178806111
Look for Neil.
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