Presentation is loading. Please wait.

Presentation is loading. Please wait.

Pittsburgh based privately owned Real Estate investment company.

Similar presentations


Presentation on theme: "Pittsburgh based privately owned Real Estate investment company."— Presentation transcript:

1 Pittsburgh based privately owned Real Estate investment company

2 Buy distressed residential properties to renovate and resell to new homeowners.

3 Ryan Brown – managing partner Josh Adamak – managing partner Scott Hastings - managing partner George Vetterly – rehab project manager Michelle Wright – marketing, administrative

4 Finding Properties Evaluating Deals Purchasing Funding Renovating Selling

5 Wholesale leads (We Buy Houses etc) MLS Foreclosures Estate Sales Distressed sales Short Sales Referrals

6 Estimate Renovation Cost (highest best use, additions) Potential ARV (estimated resell price) Calculate ancillary costs (holding, financing, closing costs) Offering Accordingly (adhering to set %s / margins)

7 Title Search & receive clear title Home inspection Finalize renovation plans Selecting general contractor Coordinate Funding Insuring the property Time Frame 30-60 days

8 Start & Manage Renovations Home inspection after completion Make final adjustments Professional staging, photos, & video Time Frame 6-12 weeks

9 Pricing it to sell Listing on MLS through Re/Max Online marketing Networking with Local Agents Finding the right buyer Time Frame 1-4 months

10 Buyers appraisal, inspection Working with buyers title agent Coordinate loan payoff Time Frame 30-60 days

11 224 2 nd (Aspinwall) 608 Winterberry (Monroeville) 4617 Plummer (Lawrenceville)

12 Purchased $92,500 from whole seller Funded with $180,000 from private lender Total expenses $205,000 Sold for $299,900 in first week on the market Time frame from start to finish: 191 days Private lender profit: $7,535 (8% APR)

13 Purchased $20,000 from private seller (hoarder) Funded with $80,000 from private lender Total expenses $98,000 Sold for $139,900 in first week on the market Time frame from start to finish: 206 days Private lender profit: $7,535 (8% APR)

14 Purchased $61,000 from estate sale Funded with $118,000 from private lender Total expenses $120,000 Sold for $165,000 in first week on the market Time frame from start to finish: 216 days Private lender profit: $5,586 (8% APR)

15 Earn higher than average returns Secured by Mortgage & Note and recorded at courthouse Low LTV (50-70%), plenty of equity to lender Interest Paid from Funding Date to Payoff Date Rehab escrow held by title agent to protect equity Listed as loss payee on property insurance Follow the renovations, see the progress Funds can be reinvested quickly (30 days or less typically)

16 503 8 th St (Oakmont) $88,000 Purchase Price $148,00 Total expenses $200,000 ARV $135k-$140k funding amount 6 month estimated return: $5,600 (8% APR) New projects funding needed, between 1-3 properties purchased & also sold each month.

17 Tour current projects, locations include: Fox Chapel, Aspinwall, Lawrenceville, Shadyside, South Side, Upper St. Clair, Edgeworth, Monroeville, Brighton Heights, Emsworth Review upcoming loans available Schedule follow-up meeting Make arrangements for funding new loan


Download ppt "Pittsburgh based privately owned Real Estate investment company."

Similar presentations


Ads by Google