Private
Lending with Situation Solutions, LLC.
Dear
Investors,
Situation
Solutions, LLC looks to buy several houses each month and has
been since 2006.
When
we pay cash for a house, we usually include private lenders instead
of using our own funds or bank loans. Since we get a very high
return on our own cash, we can offer our private lenders a high
yield when we use their money to fund our new deals.
Maximum
loan to value is 85%. That means we will borrow up to $85,000
on a $100,000 property. The money we borrow is secured by a 1st
note and deed of trust (mortgage). Our investor gets 7.00 - 9.00%
interest. Monthly payments include principal and interest, or
interest only, depending on your desires.
Interest
only payments keep 100% of your principal working for you. Most
loans have a balloon payment due in 1 to 7 years. The term is
decided by you.
Sometimes
we borrow offering a 2nd deed of trust. For example, if there
is a first mortgage for $50,000, then we can offer our investor
a second mortgage of (up to) $35,000. In the case of a second
position, we pay 10.00 - 12.00%.
All
private lenders get:
A Promissory Note
A Deed of Trust recorded against the property
Added on to the hazard insurance as the mortgagee
A copy of any appraisals or market analysis reports
Lenders title insurance
We pay all costs involved to close the transaction. There is
no cost to you as the investor.
Before
you invest, we would first discuss how much of your capital you
are looking to commit and for how long. We would then look for
a deal that will meet your criteria. Once I locate the right property,
I call you, give you all the details and then you decide whether
to participate or not. There's never any obligation until after
you approve the deal.
We
never co-mingle or pool funds together. One investor... one note
and one deed of trust.
When
you decide on a deal, youll send your funds directly to
the closing agent at a local title company when were ready
to close. We never accept your funds directly.
For
some investors, we can offer to sell existing notes secured by
real estate at a discount to yield 11-15%. These types of deals
are less common but opportunities to buy discounted notes occur
now and then. Discounted notes would require further explanation
regarding risks.
All
the houses used as collateral will be located in Hampton Roads
inVirginia Beach, Chesapeake and Norfolk.
Most
of my private lenders currently include many of my family members,
seasoned business contacts, and previous sellers I bought property
from. Only recently have I opened this to others visiting our
website.
If
you have funds in a retirement account (IRA), you can use them
to invest. The IRS requires the use of an approved custodian to
qualify for tax-deferred or tax-free gains. I will be glad to
discuss with you further how we do this.
To
learn more, or to be added to our private investor list, please
call Drew at 757-639-2347 or submit the form to the right. Your
questions are always welcome.
Sincerely,
Drew
Hitt
President,
Situation Solutions, LLC.
Virginia
Beach , Virginia
HERE'S MORE INFORMATION...
Do
you have bank CDs, retirement accounts or other investments
not returning 9% to 11% safely?
How
to get over 400% higher returns on your idle cash or retirement
funds
Dear Fellow Investor,
Many
people, just like you are frustrated by low returns on your investment
dollars. In response to that problem, weve created a solid
program that can replace some of the low returns that youre
now receiving, and pay you a passive, predictable 9% to 11% interest
from real estate notes.
Im
Drew Hitt, a professional real estate investor since 2006. I am
not a financial planner, but a full-time buyer of single family
investment properties throughout Hampton Roads.
Id
like to show you how you can invest your dollars in well-secured,
extremely safe, low loan-to-value notes and deeds of trust. I
offer my investors 9% on a first lien and 11 % on a second lien.
We borrow from you to do our real estate deals and payments comely
direct from us. Its a hands-free, hassle free opportunity
to enjoy very attractive returns. You get monthly income or you
can have your profits compound monthly for exponential growth.
Lets
look at an example investing $10,000 for 36 months with compounded
interest...
A
bank CD paying 2% will grow to $10,618 in 36 months for a gain
of $618.
A
real estate note paying 11% will grow to $13,889 after 36 months
for a gain of $3,889!
Thats
a 629% greater return.
Would
you like to have some of your idle cash or retirement funds working
like that for you? Call Drew at 757-639-2347 and we will get you
more info
or we can set up meet by phone or in person. You
can also submit the form to the right.
Sincerely,
Andrew Hitt
President
Situation Solutions, LLC.
757-426-1450 Fax