Hello BP!
My business partner and I have identified a source of pre-auction REOs at hugely discounted, fixed prices. Our goal is to first wholesale only, then eventually wholesale and/or purchase, many of these properties for our investment portfolio.
We are seeking a partner (for at least 3-4 deals, maybe more) with direct access to the capital needed to show proof of funds. Our partner must also provide the funds for the required 10% EMD and associated non-refundable transaction fees (usually $5-7,000 per deal depending on the purchase price). At least initially, all properties will be located in either Washington, DC or Baltimore, MD.
In return, we are offering 1/3 of the assignment fee for each deal. For example, there is a property we are currently considering that has the very reasonable expectation of a $105K assignment fee. For this deal, the partner would provide the EMD and fees needed to put the property under contract, totaling approximately $13K, and once the property is wholesaled and closes, the partner would get back his/her initial $13K investment, plus an additional $35K assignment fee.
I'm happy to provide additional details to qualified, interested parties. We are looking to start placing offers immediately, so please contact me ASAP with interest. Serious inquiries only, please. Thanks.
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Ezinwanne Hawkins
www.ThisMomBuysHpuses.com
Email: [email protected]
Phone: 301-728-2103
