Torey, in Atlanta, just might be your new best friend if you’re looking to get into a property deal with almost no risk to you and at a very low cost. Why? As a local market specialist in a scorching hot city for income property investing, Torey convinced Empowered Investor Network to partner with him with a truly revolutionary approach to financing.
We’ve been approached over the years from various cities, asking us to take part in similar deals but there was always a catch. This time there is no catch. Torey is the real deal and he’s sitting down there in Hot-lanta ready to bend over backwards as far as it takes to help you purchase a property.
We’re not going to trudge through all the details here and now. For that, you should listen to The Creating Wealth Show #101. But let’s hit some of the highlights.
Torey’s innovative plan includes:
1. A two-step closing process with almost no risk at all to the buyer for the first 5 months.
2. The first close occurs about 10 days after the buyer agrees to purchase. This is seller-financed by Torey but is not a hard money loan. Before this close occurs, the buyer must be approved by the bank which will be doing a refinance about 20 days later.
3. After the first close, the buyer owns the property but is at no financial risk yet.
4. After inspections, appraisals, etc, which takes about 20 days, an almost immediate refinance is done through a bank.
5. There is a two-month rent guarantee, which insures you will not make a single mortgage payment until five months after buying the property. In a market like Atlanta, this is almost always enough time to get the property rented.
Sound good? It does to us. Good enough to put our reputation on the line in recommending this deal to our network. Remember to listen to the show for the rest of the details.
