creative acquisition of properties in Cleveland Ohio - what do you think?

So I have started working with a great contractor in the Cleveland Ohio area and teamed up to bring great deals to any investors looking for one.

These deals are a little different to regular wholesaling and work as follows:

1. We find the property and present the numbers to you.
2. If you're happy with the numbers you enter a tripartite agreement with myself and my contracting team. You purchase the property and we rehab the house to an agreed ARV.
3. You provide up front 30% of rehab cost to begin rehab and for materials.
4. At 60% completion of rehab you provide an additional 30% rehab cost.
5. At 100%, you pay remaining rehab cost and consultation fee.You end up with a high quality property that you can rent for a great price or sell at the agreed ARV.

The great things about this deal are:
1. not all payment is required up front
2. high quality rehab work by licensed contractors
3. accurate ARV estimates by an unbiased realtor
4. properties are in locations that sell & rent fast

I wonder what people think about these kind of deals?
Anyone have an opinion or are interested in finding out more? Please join the 'Deals for investors in Cleveland Ohio' group.

Syndicate content