Re: Chicago Investors

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Posted by MIGUEL RAMOS on March 19, 2003 at 14:43:27:

In Reply to: Chicago Investors posted by DRK on February 26, 2003 at 12:22:45:

PLEASE SEND ME MORE INFORMATION ON YOUR REHAB PROJECTS. LIVE IN NORTHWEST INDIANA BUYING AND CREATING REALESTATE NOTES. LOOKING TO NETWORK WITH OTHER INVESTORS,AND MAYBE HELPING THEM ON CREATING NOTES. WE ARE ABLE TO CREATE A 1ST LIEN {OWNER CARRIED} NOTE FOR 95% OF THE APPRAISED VALUE. LETS SAY YOU HAVE A BUYER WITH A 600 CREDIT SCORE, 9.25%rate. LETS SAY YOU HAVE A HOME THAT APPRAISES $145,OOO. I BUY AT $135,000.cash {93% of appraisal}. it appraises at $145,000. the buyer puts down 5% OR {$7250} YOU CREATE A FIRST LIEN NOTE AT 95% OF THE VALUE. {$137,750}.AT CLOSING YOU SELL THE $137,750 NOTE FOR $134,750 {$3000 LESS THE FACE FALUE}YOU NOW HAVE CASH ON THE TABLE IN THE FOLLOWING AMOUNTS CASH FROM MY INVESTORS {$134,750} PLUS THE DOWN PAYMENT OF {$7250}.A TOTAL OF $142,000.00. I MAKE MY COMMISSION FOR PUTTING THE DEAL TOGETHER,YOU HAVE ANOTHER HOME SALE,AND MY INVESTORS HAVE A CASH FLOW,AND SOME LUCKY PERSON NOW OWNS A HOME THAT HE/SHE THOUGHT THEY WILL NEVER OWN. I HOPE THIS LITTLE INFORMATION CAN HELP YOU IN ANY WAY. IF YOU HAVE ANY MORE QUESTIONS E-MAIL ME OR CONTACT ME AT 219-933-4467 9am-5pm M-F. ALSO INTRERESTED IN PURCHASEING ANY NOTES THAT DON'T MEET YOUR INVESTORS CRITERIA. THANKS MIGUEL RAMOS&ASSOCIATES.



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