Luxury Houses – I Buy
I buy properties from $500,000 on up. Though if the property is located in Florida, I consider properties that have at least a $200,000 mortgage on them.
I need to find some kind of way that I can make a profit from buying any property. The properties I specialize in are getting behind on payments and often are over leveraged. When the property is over leveraged, my partners and I write a contract with the property owner and get their permission to negotiate directly with the bank.
My team includes expert negotiators and lawyers to make sure we do everything legally and the best way we can; always with full disclosure. We list the property with a local Realtor (this is a GREAT way that Realtors can handle more short sale listings!) who doesn’t need to worry about the details of doing a short sale (though sometimes they help collect the short sale package since they often closer to the homeowner). All of the negotiations with the bank are taken care of by my partners and I.
Once we get the bank approvals we know what the property can sell for and we move forward to sell the property. Generally we are not buying and holding right now. We close the transaction with CASH and hope to sell it to a qualified buyer very shortly after the purchase.
Do you have a property that needs to sell?
Byron
507-319-5788
