| Program |
Pay Off |
$ Down |
Time-Frame |
Costs |
Requirements |
Other |
| Residential |
| Texas Equity |
$11,500 |
$1,500 |
Should be less than one year. |
No negative cash flow.
Potential positive cash flow. |
680 credit score. $5,000-10,000
in reserve. |
New homes with tenant/buyer in
place. $1,500 returned after closing. $10,000 pay off
when tenant buys home. Tenant's credit repair is part of
program. |
| CA Hold & Sell |
50% of profit. |
Nothing |
12 to 16 months. |
Partner covers any negative cash
flow. |
640 credit score. Other as
required by bank. |
1% returned after closing. |
| FL Rehab |
50% of profit. |
0% to 5% |
Rehab time varies. |
Partners cover carrying costs and rehab
costs. |
640 credit score. Financial
ability to mortgage property between $400,000 and 1 M. |
High end rehab. Goal pay off
for investor is 10% of purchase price; i.e., $40,000 to $100,000. |
| Multi-State
Forced Equity |
Property at 80% LTV1 |
about $5000 |
Intended for investors to hold
property at least a year. |
Utilities, taxes, insurance, etc. |
680 credit score, investment
experience, sufficient cash reserves. |
90-day hard money loan is part of
program. You must refinance after rehab is
completed. Rehab costs are included in purchase
price. |
| Investor
Partners: Nationwide |
50% of the profit |
See "costs" |
45-day contracts. |
$179 plus work-related expenses and
advertising
costs. |
Knowledge of real estate investing,
willingness to work, entrepreneurial spirit. |
Find the investment property and help
with the marketing; reap 50% of the profit. We need people
in EVERY market. |
|
Commercial |
| Commercial:
Property Scout |
3% of profit. |
Less than $100. |
Varies. |
Less than $100. |
Study the course...material covered
by the program cost. |
This is an off-site program
over which I have no control. However, the company teaches
you the skills you need and then funds the projects. You buy
no real estate with this program. |