Ok so 3 more posts today that I’ve dug up – I’m an information JUNKIE on this stuff lately. Give em a browse and let me know what ya reckon. They’re just from a few different sites I’ve been surfing lately that are generally good for information like this…
Schwabe, Williamson Wyatt > Schwabe Attorney Inducted Into National Real …
Schwabe Attorney Inducted Into National Real Estate Lawyers Organization Mark Manulik, a shareholder in the Portland office of regional law firm Schwabe, … Read More…
Oregon Public Employee Retirement Fund tied to private equity investments
What is clear is that Oregon's pensioners, like individual investors who dove into real estate at the height of the boom, have significant exposure to … Read More…
Ashland's Standing Stone third on magazine 'green' list
Gerding Edlen, a Portland real estate development and property management firm, was No. 1 for the second straight year with a score of 294.1 out of 300, … Read More…
That’s all the news for today guys, so until next time, thanks for stopping by.
Hey Readers! I’ve been comin across some crazy stuff the past few days from a few different blogs around the web which I just had to share with you. Check em out below…
The Goodfoot pub and lounge Pool hall and live music. | Portland …
The Goodfoot Pub and Lounge in Portland Oregon Kerns neighborhood. Great live music, artwork and pool hall.
Checklist for Selling a Home in Portland
Portland homes for sale can weather any temperature. 16. Put out a vase of flowers, make a dozen cookies before the viewing or Open House. Now ask a neighbour or friend to go through the house and make comments or suggestions. …
Last Thursday in Alberta Arts – Portland style! | Portland Realtor …
#15 Last Thursday in Alberta Arts – Portland style! Post # 15 of 101 cool Portland places. Last Thursday in Alberta Arts. The Alberta drag is full of great locally owned shops, restaurants, art galleries, coffee houses, bars, …
Hope you enjoy the read as much as I did and please if you have something to say, use the comments form below to let everyone know your thoughts.
Have a great day!
Flipping Trustee Auction Homes
A Message From tREO
Hi,
We invite you to join the tREO Team. It’s time for you to become part of the most exciting real estate opportunity in Los Angeles and Southern California. Better yet, it’s one of the easiest and most transparent ways to make money in real estate: “Flipping Homes for Big Profits”.
As many of you know, my colleagues and I amassed a $2 billion portfolio of commercial real estate over a 16 year period, yet since late 2008 there suddenly were no more buying opportunities as the credit markets froze.
After searching for several months for the right opportunity as real estate investors ourselves, we finally identified a real estate investment with significant, dependable upside,…we found it…right under our own noses….buying homes at LA County Auctions… right on the court house steps. How easy does it get?
tREO Capital Group, LLC
Eight investors have come together to form TREO Capital Group, Inc. exclusively dedicated to becoming the “best in show” at the auction business. We have developed a customized, high tech platform to acquire deeply discounted houses every day at various auction sites.
The Trustee Auction Business
Not only is the Trustee Auction business lucrative in that it can offer in excess of 30%-40% annualized, cash on cash yield on multiple investments, but the business itself is very exciting, every day. When you buy a great value property, it’s like finding the ‘needle in the haystack’.
Trustee Auctions are not for the feint hearted or the one- man-show operators. To be effective and successful in this business, you need to be in it every day, with a dozen playmakers on your team and at least $ 2 million in cashier’s checks at the auction sites.
In a matter of a few hours, you have to uncover big reductions in the lender’s published bids (the loan balance) that allow you to buy quality homes at 20%-35% below today’s market value. In addition, our team of 20 skilled professionals completes valuations and tours each property and sub –market prior to bidding. We also evaluate occupancy resolutions, exterior rehabs and value add opportunities, confirm tax and title status and then, finally, we make a pricing decision and hope to win!
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!!! That’s the fun part!!
tREO Capital Group Update
Since the 3rdrquarter of 2009, our executives have acquired over 50 properties, with an aggregate market value of over $16,000,000, mostly with our own funds. Almost every deal was purchased below 78% of current, appraised market value based on recent sales comps (even though the market is trending upward). In addition, we were able to get loan funding at 60%- 70% of the purchase price, with reasonable rates, expanding our yield even more. Most of the full cycle properties sold within 100 days of purchase, at prices exceeding our appraisals.
tREO Programs
Now, we are offering our services to independent buyers. We have three programs:
1. Cash & Carry:
In this program, we inform qualified, registered buyers of deeply discounted properties available for sale each day ($150,000 – $1 million). As the buyer, you pay for the asset in cash the day of purchase and you own and control the asset 100%. It’s a ‘do –it-yourself’ program choice. We charge a modest fee for our auction/bid services. We will support your efforts with the deed and eviction process as well.
2. VIP Program:
You select the property acquisition guidelines. We acquire the targeted asset with tREO funds, and then assign it to you in exchange for your funds the next day. You own the property 100%. We do all of the work as agreed in a “turnkey” operating agreement, including the eviction, rehab, loan sourcing, renting and the resale process. In exchange for these services we charge modest fees and earn 20% share of the overall net profits. Upon resale, you receive your investment and an 80% profit share. Rollover investments average every 4 months.
3. Mezzanine Loan/Profit Share Program (D’Equity):
You can choose to be a lender on the properties acquired in the above programs in a recorded (on title) 2nd Trust Deed position, at a maximum of 75% loan to appraised, market value ratio. The monthly, fixed interest rate is at 12% annualized plus you earn 20% of the net profits on the asset.
tREO places all the operating equity, for carry costs, rehab, etc. and tREO is in a First Loss position to reduce your risk further. Your investment is documented daily on Quickbooks Online, so you can watch the daily progress of your investment from acquisition to re-sale. Loan Servicing is provided by an independent, third party. Many investors start in this program and then become buyers of properties when they are comfortable with the performance of their lending/property experience.
Ownership Choices: Flip or Hold ???
Buyers of these auction properties have two choices:
* Fix and flip; take the profits and buy again or
* Buy, rent and then sell high when the market recovers. In this format, you have the option to do a 1031 tax deferred exchange, locking in all of the profits and appreciation.
Home Buyers: Increased Affordability, Lowest Interest Rates in Years
Either way, it’s a wise investment, especially during these challenging times. Home buyers are readily available because of the low, low interest rates (4.84% for 30 year mortgage on 5/20/2010!) and government incentives have stabilized home prices and increased affordability.
Why tREO?
Well we do have respected competitors and we know we want to offer competitive advantages, so here they are:
1. Co-Ownership: tREO executives are willing to invest in EVERY home we acquire, whether you do the rehab work or we offer the turn key VIP service. This is a great way to start and also to diversify your portfolio.
2. Leveraging: tREO will act as the borrower for each property when we have at least a 25% ownership, you do not need to qualify or be the borrower. Leveraging increases annual yields to higher levels.
3. BuyBack Program: We offer a 72 hour buy back in our VIP and Co-Ownership progr
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ams to allow you time for due diligence. We want no buyer remorse!
4. Small Investments: You can invest as little as $50,000 per house as a Tenant in Common and actually be on title for your share of ownership!
5. Buying Power: our managed accounts for large investors forecasts 9 x Buying Power per year on initial investment, because of combined leverage and property rollovers. This is ideal for investors with $1 million equity investment+.
If YOU are considering a short term investment in deeply discounted homes in LA or if you want to join the tREO team to invite your colleagues to participate, we invite you to attend one of our hour long seminars conducted by Seth Phillips, BDE of tREO Capital Group. These educational seminars are held every Wednesday from 1-2 PM in TREO’s Presentation Room located in the Brentwood/West LA area off of Wilshire Blvd.
By: Seth Phillips
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