For land, we mostly partner with builders to put a home on the property. Occasionally, we buy and hold lots.
For houses, One exit strategy that we have, is that we buy the property from you and then we re-sell it to an individual with owner financing to help them achieve their dream of home ownership. We work with many clients who might not otherwise qualify for a loan or be able to own their own property.
For fixer-upper houses, we work with builders and remodelers who will renovate the property and sell it to a homeowner, or in some cases rent it out. We share in the profit generated by the renovation. (Our founder was a carpenter and he had a remodeling business (that’s where our name came from) prior to moving into investing full time. He understands the process, but we generally don’t work on the homes ourselves).
Our closing attorney is Justin Taylor from The Taylor Law Firm in Raleigh, NC. They are familiar with our deals and we’re confident that they will close in a timely way.
First, we do our due diligence (may include perc test, survey, property inspection, title work, etc). We may have a question or two for you during this period. Next, we’ll set a closing date with our attorney and they will contact you for the information they’ll need from you to prepare closing documents. Once the attorney has everything prepared, you’ll need to sign and notarize your closing documents. This can be done in person at the attorney’s office, or if it’s more convenient for you, your documents can be signed and notarized from your location and shipped to the closing attorney. (We will cover any shipping and notary costs). After closing, the attorney will send your certified funds overnight via FedEx. If you are closing in person, you will be able to pick up your funds the same day. (There may be a lag time of an hour or two from the time you sign while the attorney’s office records the deed with the county).