Texas Equity

Texas Equity ^*

Notice: I have been informed that changes have been made to this program. I will post the changes as soon as I have them.
Alternatively, contact me through the "Request More Information" link below, and I will put you in touch with the people
running the program who can then go over the structure with you.

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.

Texas Equity is a simple program, from the investor's standpoint. As we explain everything that goes on behind the scenes, however, you'll see it's rather complex. There are several companies and many people involved to make this as simple as possible for the investor.

Through relationships with homebuilders, this program is able to put people into homes who otherwise would have been turned down...and is able to turn a profit for investors where usually there wouldn't be room.

From the investor's point-of-view, it works like this:

A) The investor signs up with the program, Texas Equity.
B) The lender qualifies the investor.
C) The investor is paired with a tenant/buyer who has (1) already selected his or her brand new home, (2) agreed to rent it for a price that will cover the investor's costs (and maybe more), and (3) also agreed to a purchase price that is $10,000 above what the investor will be paying.
C) The investor fills out paperwork from the various parties involved.
D) The lender processes the loan.
E) The investor closes the deal in his own town.
F) The buyer/tenant moves in.
G) The credit company restores the buyer/tenant's credit.
H) The buyer/tenant purchase the home for the agreed price.

Before you purchase the home, you will know and agree to the terms of your loan, the terms of the lease, and the terms of the sale to your tenant.

This is possible because of everything we have going on behind the scenes. The breakdown of the process goes like this:

A prospective purchaser/tenant picks out a house from a preferred builder.
The prospective purchaser/tenant contacts Texas Equity Investments by either:
1. themselves
2. a sales counselor from the builder
3. realtors that work with Texas Equity Investments
Texas Equity Investments will call the builder to get the price on the house.
Texas Equity Investments will contact a buyer/landlord.
Preferred lender loans will qualify the buyer/landlord.
The buyer/landlord will then get paper work from the following groups
1. The Builder
2. Preferred lender
3. A preferred management company
4. Texas Equity Investments
5. A preferred insurance company
The buyer/landlord will fill out each set of paper work and turn in any documents requested.
Our preferred lender will then process the loan. That includes:
1. Underwriting
2. Appraisal
3. Title work
4. Survey
5. Schedule closing
The buyer/landlord will close on the loan (it can be done in the investors own city)
The tenant/prospective purchaser pays a fee to move into the investors property
The tenant/prospective purchaser signs the following contracts:
1. 1 year lease with a preferred management company
2. Non-binding letter of intent (this has an amount the tenant/prospective purchaser will buy the house from the buyer/landlord @ $10,000.00 over what the buyer/landlord paid for the house)
3. Credit Restoration with a preferred credit repair company
The tenant/prospective purchaser lives in the house until their credit is good enough to get a loan (this should not exceed 1 year)
The tenant/prospective purchaser buys the house from the buyer/landlord

Texas Equity *

Texas Equity ^*