Investor
This isn't for everyone, but for those who can react quickly there is not a better investment on the market....period. Anyone can get involved in purchasing blocks of foreclosed homes that we have the privilege of accruing through a number of different lending institutions. Fannie Mae, Freddie Mac, and other financial institutions aren't in the business of property management or working with investors...this is where we come in with our excellent relationships with those institutions. Blocks of homes that have been foreclosed on from around the US are packaged into blocks from as little as 3-5 homes, and blocks that go all the way up into 100's of homes. These homes are usually not centrally located and can be spread out through different cities and states.
WHAT IS THE PURCHASE PROCESS FOR AN INVESTOR?
The NewconGroup.com posts these blocks of homes as soon as they come available. WE are the first in the line of sales of foreclosures and by going through the Newcon Group investors are assured the freshest foreclosures before they are advertised to other investors.
You can get on our preferred mailing list FOR FREE to receive instant emails once these blocks become available. THESE LISTS ARE FREE and getting on the email list will allow you to get the list directly so you don't have to keep checking the website. Click here to receive foreclosure blocks through email as they become available: FREE FORECLOSURE BLOCK LIST
This is a proven system to allow investors to do what they do best...invest. You do NOT have to manage the properties, collect payments, etc. We've been doing this for a long time and we have property appraisers, sign posters, management teams, and even construction companies working with us across the nation so when you purchase a block of foreclosed homes spread across the country, you don't have to worry if they are being handled correctly and getting the attention they deserve. Every home, whether 1 foreclosure or 100, is handled with the same system so you don't have to lift a finger...just let your investment make you money.
WHAT ARE THE EXPECTED FEES AND CHARGES WHEN PURCHASING A BLOCK OF FORECLOSED HOMES?
Here is an example:
You purchase a block of 9 properties at $52,500 with a fee of $1,500/property. $52,500 + ($1,500 x 9) = $66,000
We go to work for you to make the process essentially hands free. A sign goes up on the property. We assess the area, price the home, $50,000 for one of your homes for example, and find a buyer. Monthly payments should be assessed lower than the average rent in the area. If the average rent is $600 than we recommend monthly payments of $500. The buyer purchases a home for $50,000 paying a $500 down payment and $500/month until they have paid $50,000.
Every month we collect the house payments for every house you own and we only take $60/house from that payment. So if you are collecting $500/month on a house you get $440.