In this episode of Discount Property Investor David is joined by Matthew Sullivan, the founder and CEO of QuantmRE a veteran in real estate investing and business. QuantmRE, a game changing tool for homeowners and investors, Checkout how QuantmRE has to offer in unlocking the equity of your home.
Services Mentioned
https://www.quantmre.com/
http://dpipodcast.com/toolkit/\
For a full QuantmRe Overview checkout the details down below
To get started in Wholesaling Real Estate start learning at http://www.FreeWholesaleCourse.com Check out the “TOOL KIT“ to see more products and services that David and Mike use to Wholesale 10+ houses a month.
For A Wholesale Step by Step + Simple Systems check out the FREE Wholesale Blueprint: freewholesaleblueprint.com
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Check out the “TOOL KIT“ here http://dpipodcast.com/toolkit/ ”
QuantmRE Details:
HOME EQUITY AGREEMENTS
Example:
ARV 650K - Appraised
250K debt
400K = Equity
They can invest up to 20% of the value of your home!
Part 1 - 650 * . 20 = 130K
Part 2 - 250 + 130 = 380 (needs to 70% or less of the Appraised value)
70% of ARV or 650 = 455K
380 is less than 455K so it's good to go!!
States -> 15 States and Growing (not too rural)
The process takes about 4-6 weeks (gather info about the home the mortgage and the owner)
Credit score only needs to around 550...
So once I'm approved they send an OPTION Agreement (lien on the property)
- When you sell your home ANYTIME OVER THE NEXT 30 Years!!
- The amount that they share in the increase of the value
- Scenario 1 - sells at the same amount that it appraised at the time we start working together.
- Scenario 2 - Sells at a lower price :
- Scenario 3 - Above. 550 - 750 - 200
Home Equity Agreement -> They keep 60% of the appreciation @ 20%
- investment or 30% appreciaiton on 10% Investment.
Multiplier of 3.
- They have an ROI cap -> 15-18%
- Agreement is Transferable - up to 30 years. (loan become due after 30 years)
Buyback the agreement ANYTIME without PENALTY
This is a VALID option to get $$ if someone has BAD Credit :)
They work with rental/investment properties too!!
* Could be a great way to get out of FORECLOSURE!!
What are the charges - NO UPFRONT FEE'S. No out of pocket expenses...
1 time charge of 3% + the costs Title / taxes / Apprails / insepection. (THAT COMES OUT OF WHAT THEY WLL LEND YOU)
Matthew Sullivan
QuantmRE.com
- Ebook / Calculator /