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.

[Jay Hinrichs]

Quote from @Marcus Auerbach:

That's a solid model and quite frankly, it is needed in a lot of markets. Investors are a little bit like white blood cells in a city - they clean up the properties nobody wants or is able to take on. Especially if you have people who know what they are doing!

its a nice alternative to the assignment model that is becoming illegal in many states . Also the person we fund is not under a time crunch to try to get the deals to work  and has to run their business partner through the houses which we know is not their business partner just a litnay of white lies these guys tell sellers.. It allows them to be real investors.

And then it also allows them to BRRRR if they want to keep it.. I mean how many folks want to BRRR a property when like this one they needed zero down to me and spent maybe 3k on it ??

But you would be surprised folks either don't believe we do this or they just don't have the drive to go find the deals etc.  

I have funded 7 deals for this Partner like I said since Feb he will make about 200k that he could no way have made without a TRUE capital partner.. a traditional HML simply cannot do what we do.. And when you think 7 projects 7 down payments fronting rehab on 7 making payments on 7 paying insurance on 7.. All the things I fund .. My partners just need to execute and I take care of the financial side.. Of course we make a premium but we are worth it :)