This week success story and benefits of a true PML or capital partner

[Jay Hinrichs]

Kansas city flip  Long time client of mine over 100 deals I have funded for him

for my investor  in this deal its deal number 70 for them.  And return to investor apr was 23.3 % I made the rest.

this deal start to finish was 88 days.. average though is closer o 120 to 140 of course. 

PP as is  35k

rehab 70k

Sale price  189k  Net 170k on hud

My fee 12k

Insurance pass through  I pay for the insurance as well they pay me back when it closes  450.. 

net to my client  52k is my client has to pay the utls 

So with my establish clients were we are well under 70% ARV I fund 100 % of purchase 100% of rehab I pay for the insurance and

there are no payments we all get paid off the HUD the same day.. I recoup my insurance i front and my fee..

the fee is all in points and interest there is no monthly payment is all on accrual.. this allows this client to do 3 to 5 deals a month with me. this was a good one they are not all 50k profits but most are 15 to 35k each all with ZERO money out other than EMD which is negligable like 500.00 bucks and utls.. this is how you use a capital partner to scale.. He is very good at what he does though I will say that not many can do this kind of volume no matter what kind of financing there is..