We Buy when the Seller Agrees to a 30%-40% 2nd lien position note or 3rd Party
Ownership Benefits starting as 3%
We make Tenants Owners!
FHP Basic comes with Ownership Benefits, Gold Offers the Opportunity to Offset 100% of Rents & Utilities Cost
Potential Offers
Potential Offers Updated January 20th 2023
If the price of the home is correctly priced with recent sales in the last 3 months or less we will buy any home that is a 3 bedroom 2 bathroom or greater at 97% of listed price. The seller or other 3th party will carry 30%-40% of the top end of the equity of the home and we will provide the funding for the remainder.
Example: Seller takes a note for 30% percent as a 2nd lien holder and FREI HOMES LLC will get a 1st lien position note for 70% for 100% of the purchase price the seller is asking.
Analyzing your home and the characteristics of the property, it could be a candidate as a Basic & Gold FHP rental in the neighborhood.
I can offer the (asking price or the appraised value)* using standard industry techniques less the cost of remodeling X 88% as the offering price. Remember the commission and average discount from asking nationally is included in the 88%. This means the 12% discount includes the commission to buyers side (we self represent our business) and 2% average national discount which means its really a 7% discount from normal transactions nationally.
In exchange as a business partner, using the houses characteristics and current loans attached to the property, if any, we can offer a % of the monthly net income** and % of the up-front purchases from the new tenant/owners. *Every Project is Different, Unique and is Negotiable and this section could be your project.
In addition, as a FREI HOMES member you also continue to have the opportunity to do the same with other properties you joint venture with FREI HOMES.
All sellers the SBs, tenant/owners the RBs and Investors/Lenders the IBs, in any transaction are required to purchase a membership. Those monies are credited on the first closed transaction within 6 months making it a wash sale.
Call to get your offer price and I can include you in this business opportunity otherwise I will offer it to Individuals looking for opportunities with low risk and high returns if you decide to decline and simply go with a purchase of the property.
The Basic & Gold FHP rental property will pay for all the monthly cost, upkeep, maintenance, and any ADUs added and will be paid by the business.
If you are interested in learning more about the FHP rental, a Non-Traditional rental product, contact David for more details!
David - Owner
* Whichever is less ** After cost of debts and utilities generally
