For Sellers
What do you do with the property?
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 is that we buy the property from you and then 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-uppers: 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 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).
Who’s your closing attorney?
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.
What’s the process?
- Due diligence: We do our homework (may include perc test, survey, property inspection, title work, etc). We may have a question or two for you during this period.
- Set closing date: We’ll set a closing date with our attorney and they will contact you for the information they’ll need to prepare closing documents.
- Sign documents: Once the attorney has everything prepared, you’ll sign and notarize your closing documents. This can be done in person at the attorney’s office, or if it’s more convenient, your documents can be signed and notarized from your location and shipped to the closing attorney. (We cover any shipping and notary costs).
- Get paid: After closing, the attorney will send your certified funds overnight via FedEx. If you close in person, you can pick up your funds the same day. (There may be a lag time of an hour or two while the attorney’s office records the deed with the county).
For Buyers
Do you use your lawyer or can we use our lawyer?
We prefer to use our lawyer, 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.
How much are we going to pay for closing?
The closing costs may be more or less than $1,500, depending on the deal.
What’s the timeframe to close?
We can close within 30 days, or as soon as you are ready to close the property.
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