My name is David Cathey and I'm scouting properties nationwide for an investment group. I’ve provided you a list below of what we're looking for?
Please review the short list that follows to see if you can work with us on some deals.
About US: We're investors, we're looking for distressed properties we can get good deals on, short sales, REOs or any real good deal.
You may know of some good deals that have a little something wrong with it; and you can’t sell it retail, but if you could get an investor with some capital this would be a good deal; well now you have the investors with the cash to do that deal.
We're not dependent on flipping AB, BC. We're not “no money” players. We can close the transaction without an end buyer in place.
We're for real. But we are looking for good deals.
We also can provide alternative financing for some of your other investors that desire some quick cash to do their deals. For more on that: visit:
Location: Likely within a Country Club or Gated Community in suburbs
20 to 40 miles outside of metropolitan area
Exterior: expensive landscaping may be in disrepair; swimming pool
may be drained or in need of attention.
Lenders: All but not Bank of America
Listing Status: Listed for at least 6 months
Listing Special: May say “Potential Short Sale”
Listing Notes: listing notes say “short sale” or “potential short sale”; does NOT say “approved short sale”
Vacancy: House may be vacant or occupied
Value: House maybe listed around $1.5 million but actual value maybe around $900,000
Note: These properties are likely to be short sales that are currently under contract waiting for short sale lender approval. The buyer may be another investor, or a retail end-user.
Two keys to success (1) whether an agent and seller are frustrated with the short sale process enough to cooperate with my Note Purchase in addition to the short sale effort, and (2) seller’s lender is a small or regional bank. This Profile does not include houses where the seller’s lender is a major national lender.
The Note Purchase does not have to replace the short sale process, which may continue while we investigate the Note Purchase.
DESCRIPTION: “Blocks of 10 Income”
We are looking for fully rented houses that can be purchased in groups of 10 generally in the same geographic location.
Properties should yield a 15% return. (i.e. if the purchase price is $60,000, net rent (after property management, taxes) must be at least $750/month.
Year Built: any
Square Footage: any s.f.
Repairs Needed: none
Interior: fully rented
Location: any
Exterior: any
Lenders: n/a
Listing Status: rented
Listing Special: n/a
Listing Notes: n/a
Vacancy: rented
Value: must yield 15%
CAUTION
These properties must be rented. NO vacant REOs or Short Sales will be considered under this profile.
SELECTIVELY AVAILABLE
Single properties do not fit this profile. To fit the model, properties must be in the same general geographic area (but not necessarily the same neighborhood), be fully rented, and be able to be purchased in blocks of 10.
Blocks may be created from more than one owner.
NOTE: This profile is about cash flow and is not heavily dependent on the individual property. Houses may be of any shape or size provided they are rented.
Vacant REO properties, or lists of “great REOs that could easily be fixed up and rented” do not fit the model. We are looking for existing income producing units in blocks of 10.
Thank you for your time; and I truly hope we can do some deals together. My contact details are below:
Hi,
My name is David Cathey and I'm scouting properties nationwide for an investment group. I’ve provided you a list below of what we're looking for?
Please review the short list that follows to see if you can work with us on some deals.
About US: We're investors, we're looking for distressed properties we can get good deals on, short sales, REOs or any real good deal.
You may know of some good deals that have a little something wrong with it; and you can’t sell it retail, but if you could get an investor with some capital this would be a good deal; well now you have the investors with the cash to do that deal.
We're not dependent on flipping AB, BC. We're not “no money” players. We can close the transaction without an end buyer in place.
We're for real. But we are looking for good deals.
We also can provide alternative financing for some of your other investors that desire some quick cash to do their deals. For more on that: visit:
http://www.newprivatelenders.com
The following pages offer a brief description of the types of deals we are most interested in at this time.
DESCRIPTION: “Middle to Upper Luxury Clean Short Sale”
Year Built: 2004 – 2008 Square Footage: 4,500 – 8,000 s.f.
Repairs Needed: cleaning and < $1,000:
Interior: nicely trimmed and finished
Location: Likely within a Country Club or Gated Community in suburbs
20 to 40 miles outside of metropolitan area
Exterior: expensive landscaping may be in disrepair; swimming pool
may be drained or in need of attention.
Lenders: All but not Bank of America
Listing Status: Listed for at least 6 months
Listing Special: May say “Potential Short Sale”
Listing Notes: listing notes say “short sale” or “potential short sale”; does NOT say “approved short sale”
Vacancy: House may be vacant or occupied
Value: House maybe listed around $1.5 million but actual value maybe around $900,000
Note: These properties are likely to be short sales that are currently under contract waiting for short sale lender approval. The buyer may be another investor, or a retail end-user.
Two keys to success (1) whether an agent and seller are frustrated with the short sale process enough to cooperate with my Note Purchase in addition to the short sale effort, and (2) seller’s lender is a small or regional bank. This Profile does not include houses where the seller’s lender is a major national lender.
The Note Purchase does not have to replace the short sale process, which may continue while we investigate the Note Purchase.
DESCRIPTION: “Blocks of 10 Income”
We are looking for fully rented houses that can be purchased in groups of 10 generally in the same geographic location.
Properties should yield a 15% return. (i.e. if the purchase price is $60,000, net rent (after property management, taxes) must be at least $750/month.
Year Built: any
Square Footage: any s.f.
Repairs Needed: none
Interior: fully rented
Location: any
Exterior: any
Lenders: n/a
Listing Status: rented
Listing Special: n/a
Listing Notes: n/a
Vacancy: rented
Value: must yield 15%
CAUTION
These properties must be rented. NO vacant REOs or Short Sales will be considered under this profile.
SELECTIVELY AVAILABLE
Single properties do not fit this profile. To fit the model, properties must be in the same general geographic area (but not necessarily the same neighborhood), be fully rented, and be able to be purchased in blocks of 10.
Blocks may be created from more than one owner.
NOTE: This profile is about cash flow and is not heavily dependent on the individual property. Houses may be of any shape or size provided they are rented.
Vacant REO properties, or lists of “great REOs that could easily be fixed up and rented” do not fit the model. We are looking for existing income producing units in blocks of 10.
Thank you for your time; and I truly hope we can do some deals together. My contact details are below:
David Cathey
877-362-3231 (toll free office)
973-230-4688 (office direct)
718-687-9414 (cell)
888-241-4767 (fax)
[email protected]
www.newprivatelenders.com