September Success story for a JLH Capital Partner.

[Jay Hinrichs]

In Iowa the law was just passed that makes assigning contracts as a business model Illegal and the closing attorneys will not close those.

This was a Wholetail deal  IE buy it trash it out and sell as is.

PP  50k 

EM   1k 

rehab/trash out  2k

JLH Capital partners provided the 50k to close the transaction.

JLH Client paid the 1k EM  and the 2k trash out.

JLH Capital pays insurance for the client

JLH Capital partner is responsible for Utls. 

Sold  75k in 2 weeks

JLH capital partner profited  17k plus his EM and trash out back to him.

JLH capital made their normal fees. 

Great alternative to states that are cracking down on assignments or having to try to juggle double closes and all the marketing expenses that those that never close on props have to do.. this was simply listed on MLS and sold.

7th transaction that JLH has provided this client since Feb. First two transactions client is required to bring in 10k so they have skin in the game then once model is proven JLH capital provides 100% funding for purchase and if there is rehab 100% of rehab. On these quick whole-tail client just handles trash out expenses themselves and those are paid back to them at closing. Everyone is paid off of the final HUD/settlement statement direct from title. WE all get our profit on the same day.