Contact Panel
My Details
| Investment Type: | Short Sale |
| Commercial | |
| Other | |
| Activity Level: | Full Time |
| Investing Since: | 2003 |
| Reason on REI: | Make Partnerships |
| Investor Networking | |
| Other Website: | www.perdare.com |
| Member Since: | 05/12/2008 |
| Last Login: | 11/18/2008 |
My Blogs
| Looking for Real Buyers of REOs – Direct from the Seller | |
| Written: | 09/23/2008 |
| Are you a frustrated REO buyer or buyer’s mandate? | |
| Written: | 09/17/2008 |
| Join the Jump 2 Money network for FREE! | |
| Written: | 09/17/2008 |
| WANT YOUR OWN MYSPACE? | |
| Written: | 08/25/2008 |
| Free Educational Webinar | |
| Written: | 08/13/2008 |
About Me
My Business
The PerDare Group focuses its investment strategies on the acquisition of high potential real estate in the United States as well as developing countries; our investors will realize a high return on investment in a manageable time frame.
It is through the acquisition of undervalued or high potential real estate (typically with a bank or government guarantee) in these countries and maximizing the cash flow of this real estate, that allows us to channel the profits into a tax deferred or tax free status. This program will improve the standard of living for those individuals who may not have previously planned for their retirement or future needs.
We have available to us, up to 8B in REOs direct from the seller; starting at 33+3 for a 1B nationwide package. For those customers with smaller budgets; the seller will fill any order at 5MM and above with pricing below average. Everything is light to ZERO rehab. For any buys above 250MM we can get the seller on the phone with an LOI and SPOF; for anything below that we can have the seller’s authorized mandate available to speak to the buyer.
Protocol follows:
Letter of Intent (LOI) and Proof of Funds (POF) Required.
- Call is made to confirm receipt of LOI and arrange for Seller attorney to "hard proof" Buyer's funds
- Upon proof-up, entire detail tape is released to buyer for 24-48 hours exclusively (time depends upon size of portfolio)
- After initial review period, Buyer must deposit 10% into escrow to hold tape for additional 72 hours while due diligence is completed
- At the end of 72 hours Buyer enters into contract or declines the portfolio and earnest money is refunded
- Closing is expected to occur in 7 days, as title work is complete and warranty is offered
- 45-day "buy back" warranty covers title, condition and valuation of properties
- No more than 2 intermediaries are recognized by seller, and they should both be named on the LOI - all other intermediaries need to go under Sub-Fee Agreement which can be paid out to a paymaster and distributed accordingly.
This is direct and the closest you can get to a real seller; don’t miss out on this opportunity. It’s real and it won’t last long. Any other questions, please email me frank.avilla@perdare.com
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