The present housing slump could prove to be a windfall for astute investors. As homebuilders and distressed home owners dump billions of dollars worth of houses, wise investors are snapping up bargain properties at a fraction of their potential value. Big investment groups like Blackstone Group, who has raised $11 billion, is already gobbling up huge portfolios of distressed property. Centex Homes recently sold $161 million worth of properties at a mere 30% of their book value to another investment group.
But, is there room for the little guy in all this? Absolutely! We have been in the business of acquiring and managing investment property since the early 70’s. Our expertise encompasses apartments, office buildings, shopping centers and single family houses. We make it easy for the passive investor, the investor with no expertise or the out of state investor since we handle everything from acquisition to sale. The investor can anticipate returns ranging from 26% or much higher depending upon structure.
We are only interested in acquiring well located properties which require minor cosmetic work or upgrading. We do not get involved with properties which have structural problems or other major defects. Our goal is to buy properties at a steep discount, fix them up and turn them quickly. By buying at bargain basement prices we feel we can re-sell them at below market prices and therefore turn them fast. Our objective is to turn our investment capital over multiple times per year, creating astronomical returns.
OUR TYPICAL STRUCTURE: The investor provides 100% of the cost of acquisition, cost of repairs and any cost of carry. We provide all research, acquisition, supervise construction and market the property for sale. In the event that the property ends up being leased (Plan “B”), we will also manage the lease or handle financing if appropriate. The investor may wish title to be in its name to protect its investment.
PROFIT SPLIT: The investor will first receive the return of its original capital plus a return of 10%. We, the managing partner, will receive the next ten percent of profit; thereafter, we split all remaining profit equally.
You may contact us at (972) 839-9365 or by e-mail - robert@robertandjudi.com |