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Dear Investor,
1st
Freedom Home Solutions, LLC buys several houses each year.
When we pay cash for a house, we use private lenders instead of
using our own funds or bank loans. Since we get a very high
return on our own cash, we can offer our private lenders a high
yield when using their money to fund our deals.
Maximum loan to value is 80%. That means we will borrow up to
$80,000 on a $100,000 property. The money we borrow is secured
by a 1st note and deed of trust (mortgage). Our
investor gets 10 - 13.00% interest. We offer monthly payments
including principal and interest, interest only, or our highest
yielding deferred monthly payments with compounded interest,
depending on your desires.
Interest only payments keep 100% of your principal working for
you. Most loans have a balloon payment due in 1 to 7 years. The
term is decided by the investor’s desires.
Sometimes we borrow offering a 2nd deed of trust. For
example, if there is a first mortgage for $50,000, then we can
offer our investor a second mortgage of (up to) $30,000. In the
case of a second position, we pay 13.00%.
All
private lenders get:
-
Promissory
Note
-
Deed of
trust recorded against the property
-
Added on to
the hazard insurance as the mortgagee
-
Copy of an
appraisal or market analysis report
-
Lender’s
title insurance
We
pay all costs involved to close the transaction. There is no
cost to the investor.
To
invest, we would first find out how much you are looking to tie
up and for how long. We would then look for a deal that
will meet your criteria. Once located, I would call you, give
you all the details and then you would decide to participate or
not. There's never any obligation until after you approve the
deal.
We
never co-mingle or pool funds together. One investor... one note
and deed of trust.
When you decide on a deal, you’ll send your funds directly to
the closing agent at a local title company when we’re ready to
close. We'll never accept your funds directly.
All
the houses used as collateral will be located in Pasco or
Pinellas counties. We occasionally have deals near Tampa if that
is your preference.
If
you have funds in a retirement account, you can use them to
invest. The IRS requires the use of an approved custodian to
qualify for tax deferred or tax free gains. I recommend
equity trust company
to
create a self-directed real estate retirement account. I will be
glad to discuss this with you further.
To
learn more, or to be added to our private investor list, please
call or
submit
the form
below. Your questions are always welcome. |
