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Do I have to spend my own money?
No. Once a viable deal is identified, we will furnish the earnest money, closing money and any other fees associated with the transaction. You simply agree to the amount of the lump sum payout.
How do I become a credit only investor with Investor Technologies?
To get started, you need a desire to make serious money in real estate without having to invest any large out-of-pocket sums of money. You simply invest your credit. In addition to a FICO score of 700 or higher, you must have at least two years of consecutive and ongoing employment, state issued identification a telephone number and a longing to make money effortlessly.
How many transactions can I participate in?
We normally allow our investor members to participate in 3 or 4 purchases per year or until we sell or liquidate the identified property. If the property’s value exceeds $825,000, however, we limit participation to one acquisition per year.
Once I own a property, how long do I keep it?
The property is in your name for up to 16 months. During that time, Investor Technologies and its acquisition partners pay all mortgage payments until the property is sold. Each property is sold within 16 months, but in most cases within 6 months. After you close your loan, a deed will be filed removing your ownership interest from the title.
Since I’m the property owner, am I responsible for insurance, damages to the property, maintenance, etc?
No. We handle all of that, going the extra mile to make your investment in the property hassle-free. As stated in the Co-Ownership agreement, you and our acquisition partners are co-owners of the property. Our acquisition partners are responsible for expenses or payments relating to the property, including but not limited to:
- Closing costs
- Mortgage payments
- Utilities
- Property taxes
- Insurance
- Association fees
- Repairs
- Maintenance
- Rental & tenant issues
Can I rent out the property to a tenant while it’s on the market?
Investor Technologies and its acquisition partners can rent the property at their discretion; the investor is not permitted to negotiate rental deals. In turn, Investor Technologies and its acquisition partners handles all dealings with tenants and retains rent payments.
How will investing my credit in pre-foreclosure homes affect my credit?
Credit only investing will certainly not affect your credit in a negative way. Once the home you’ve invested in is sold, your ownership interest will be removed through a quit claim deed, effectively removing the tradeline from your credit. The pre-foreclosure home loan will then show up on your credit report as satisfied, consequently strengthening your already solid credit rating.
Are there any fees to become an investor?
No! As long as you have a 700 minimum FICO score with 5-7 strong trade lines minimum - and a desire to make big money effortlessly, you are in.
Are there any fees to become an investor
FICO score of 700 or higher
How do I become a credit only investor
How will investing my credit in pre foreclosure homes affect my credit
desire to make serious money in real estate
simply invest your credit
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