Hi my name is Gary Nash president of ROI and I wanted to take this time to introduce myself and explain what it is that we do and how we can make you money off of your money safely.
First I would like to tell you a little about me and my experience. I came up the old fashioned way, by working my way up the construction industry from a labor to a master tradesman and then as a project manager for a large commercial construction company before striking out on my own.
My company became one of the largest Home Remodeling construction firms in the Washington DC Metro area and completed over 2000 remodeling projects. Accolades include over 35 contractor of the year awards and was voted as one of the Top 50 contractors in the country according to Remodeling magazine.
I have also been investing in real estate for 30 years. I have developed two projects, purchased over 25 single family units, constructed, owned and operated a storage facility and a office building. I continue to invest in real estate to this day, however, now I obtain real estate through the purchase of None Performing Notes which I will show you in a minute how that’s done.
You should know that since the collapse of the real estate market in 2008 homes lost 9 trillion in value and what followed was over 7 million foreclosures and over 11 million mortgage notes that were in default.
Over the past 4 years the foreclosure market is drying up and is commanding up to 85% of FMV so investors like me and possibly you are looking for alternatives to REO’s and foreclosures. One of the reasons for this is banks are getting out of the foreclosure business and are dumping their None Performing Mortgage Notes to Hedge Funds and private investors.
There are now over 6 million none performing notes with another 3 million expected to come on line by years end 2016. There are about 5000 note investors across the country therefore the supply far exceeds the demand, which enables us to pick up these notes at greater discounts, anywhere from 20-50 cents to the dollar. Nice right!
So what we do is We purchase None Performing Mortgage Notes from banks and Hedge Funds.
After we purchase a None Performing Mortgage Note , We then approach the property owner with the hopes of modifying the loan: Let me show you an example.
If we cannot reach an agreement we then ask for deed in lieu of foreclosure and if they refuse we then just foreclose and take the property and since we purchased the property at such a discount we sell the property at a wholesale price to unload quickly.
So that’s it in a nut shell. So if you have more interest in this exciting market reach out and contact us by clicking the discover button we will explain in more detail and see if this type of investing is for you.
Thanks for stopping by and I look forward to working together.