Credit Partners Wanted for 50% Partnerships on Income Property
We are looking for a few serious investors interested in a partnership involving some brand-new duplexes. These turnkey properties are
cash flow positive with substantial equity.
THE INVESTMENT:
|
$50,000 Instant Equity » $3,715 Annual Cash Flow
|
| Location: |
St. Robert, Missouri |
|
| Property Type: |
New Duplex (3 bed, 2 bath) |
| Market Value: |
$240,000 |
| Purchase Price: |
$183,000 |
| Estimated Equity: |
$57,000 (20%) |
| Cash Flow: |
$3,715 /year ($310 /month) |
| Capitalization Rate: |
8.5% |
| DealGrader™ Score: |
9.1 (out of 10) |
HOW IT WORKS:
- Two (2) partners per partnership. One "credit" partner and one "cash" partner.
- The "credit" partner will NOT be required to pay for any costs prior to the close of escrow including any down
payment, closing costs, or trustee fees.
- 50/50 split on income, expenses, equity and appreciation after close of escrow.
- Title to the property will be help in a trust and managed by a trustee (attorney).
- The two partners will each have a 50% beneficial interest in the trust.
- A partnership agreement will govern the partners and partnership.
CREDIT REQUIREMENTS:
- Credit score of 700 or higher.
- Must be able to document last two or three years of income.
- Must be able to show some liquid and semi-liquid funds across various account.
- Clean credit (i.e. No bankruptcy or foreclosures within the last two years.)
For more information please call, or submit the form below:
Norada Real Estate Investments
30251 Golden Lantern, Suite E-261
Laguna Niguel, CA 92677
(949) 218-6668
(800) 611-3060
Monday thru Friday
8:30 am to 5:00 pm (Pacific Time)