Want to Earn 8% on Your Money - Make Your Money Work For You
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Are You Looking For A Safe Investment With A High Rate Of Return?
As part of our real estate business, we frequently deal with people who are in search of financing options. If you have some available funds to lend and might be interested in a better return on a secure investment than you could expect to receive via other investment opportunities, just click the contact us link so we can contact you soon to discuss some exciting options.
Dear Investor,
EMC Solutions LLC buys several houses each month and has been since 2004.
When we pay cash for a house, we usually include 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 we use their money to fund our new deals.
Maximum loan to value is 85%. That means we will borrow up to $85,000 on a $100,000 property. The money we borrow is secured by a 1st note and deed of trust (mortgage). Our investor gets 8.00% interest. Monthly payments include principal and interest, or interest only, 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 you.
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) $35,000. In the case of a second position, we pay 9.00%.
All private lenders get:
A Promissory Note
A Deed of Trust recorded against the property
Added on to the hazard insurance as the mortgagee
A copy of any appraisals or market analysis reports
Lender’s title insurance
We pay all costs involved to close the transaction. There is no cost to you as the investor.
Before you invest, we would first discuss how much of your capital you are looking to commit and for how long. We would then look for a deal that will meet your criteria. Once I locate the right property, I call you, give you all the details and then you decide whether 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 one 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 never accept your funds directly.
All the houses used as collateral will be located near Nashville in Tennessee.
Most of my private lenders currently include many of my family members, seasoned business contacts, and previous sellers I bought property from. Only recently have I opened this to others visiting our website.
If you have funds in a retirement account (IRA), 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 will be glad to discuss with you further how we do this.
To learn more, or to be added to our private investor list, please call or submit this form. Your questions are always welcome.
Sincerely,
Scott McLeod
EMC Solutions LLC
Nashville, TN
(615) 301-1588
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