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Christopher Winkler
  • Specialist
  • Dallas, TX
389
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900
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Upstate NY 1st Lien Joint Venture Partner Wanted

Christopher Winkler
  • Specialist
  • Dallas, TX
Posted Nov 6 2015, 13:26

We found this good looking house in Cheektowaga, NY that is occupied with pride of ownership. Hint, its the flag flying out front, mowing the grass and paying the taxes.

The current Fair Market Value (FMV) is $65,000 and we can pick the note/mortgage up for $34,000 or 52 cents on the dollar. We typically have to pay 65 cents on the dollar for these, so we like that!

There are no liens on the property and we would use a new, Non-Profit agency that contacts homeowners as a 3rd party to either get them repaying their loan, or sign the deed over to us in lieu of foreclosure (DIL).

Our exit is to get them to start repaying the loan. With payments of $764, its much less than current rents of $965 & it's in their best interest to stay. Once we get a year of payments, we anticipate selling the Re-Performer for a potential 87% ROI.

The information provided here depicts potential investment returns and cannot be taken as a guaranteed return on any investment. All investments have inherent risk. We strongly advise you seek advice from an investment professional or attorney before committing funds.

We also have 4 other properties we have narrowed down that we are looking for Joint Venture Partners on also.

Interested? I have more info if you either give me a call or send me a message.

Christopher Winkler
The Note Whisperer
Silverwood Capital LLC
1-949-791-7904

Offering