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REAL ESTATE WANTED

TYPES OF PROPERTIES WE ARE MOST INTERESTED IN BUYING

 

At the present time, these are the types of properties we are most interested in buying.  Please note that this list is not all inclusive so if your property is not mentioned, it does not necessarily mean that we have no interest in it.  Each property is evaluated on its own merits and your property may have special features that are not reflected in this list.  When in doubt, submit it to us for evaluation.  We'll take a look at it and let you know.

However, please do not submit properties to us at their full retail price.  We are investors who intent to make a profit.  We do not, and cannot, pay full market price for any property.

We are currently most interested in:

  1. Single family homes in good condition in the North Davidson County area of North Carolina.  Also, single family homes in the South, Southwest, and Southeast areas of the Winston-Salem, Forsyth County area of NC (including Clemmons, Lewisville, and Kernersville).  We must be able to structure the financing in a way that allows us to take over the payments of existing debt - and/or - the seller must be willing to participate in some type of seller carry back financing, depending on the current loan balance.  We must be able to buy it below the current, as-is, value.

  2. Single family homes in any condition or location in the Triad (Winston-Salem, Greensboro, High Point) where the asking price is less than 50% of the after-repaired market value of the property.

  3. Single family luxury homes anywhere in the continental United States with a market value of $2 million or more in excellent condition that can be bought for 65% of the current, as-is, value.

  4. Apartment complexes.  We will consider anything in the continental United States but, in general, we are looking for properties that have a market value of $2 million or more as-is, that can be purchased below market value, and have several of the following conditions present:

    1. a high vacancy factor

    2. run down condition

    3. foreclosure

    4. high cap rate

    5. low asking price per unit

    6. seller offering some short-term owner financing

  5. Office-Retail Buildings, Warehouses, Industrial, & Mixed use.  Generally, the same criteria as with apartments -- we will consider anything in the continental United States but, in general, we are looking for properties that have a minimum of 50,000 square feet of rentable space and a market value of $2 million or more as-is, which can be purchased substantially below market value, and have several of the following conditions present:

    1. a high vacancy factor or totally vacant

    2. run down condition

    3. foreclosure

    4. low asking price per square foot

    5. additional land surrounding building

    6. seller offering some short-term owner financing

  6. Mobile home parks.  The bigger, the better.  We will consider anything in the continental United States but, in general, we are looking for properties that have a market value of $2 million or more as-is, that can be purchased below market value, and have several of the following conditions present:

    1. large number of "used" mobile homes

    2. run down condition

    3. foreclosure

    4. low asking price per pad

    5. additional land surrounding park

    6. seller offering some short-term owner financing

  7. Raw land.  The larger the tract, the better.  We will consider anything in the continental United States.  In general, we are looking for land that has a market value of $2 million or more as-is, that can be purchased substantially below market value, and has some of the following conditions present:

    1. seller offering some short-term owner financing

    2. in the path of progress

    3. foreclosure

    4. already zoned multi-family, commercial, or industrial (or a strong candidate for re-zoning to either of these)

    5. road frontage

    6. utilities

    Also see We Buy Raw Land for additional information regarding raw land.

  8. Defaulted paper. Defaulted notes, liens, mortgages, and judgments on any type of property listed above.

 

If you have a property that matches one or more of the above, click here to get started!

 

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