On behalf of our client, we have purchased a foreclosed house in South Charlotte, North Carolina, USA and successfully leased it out on a 12 month lease. Our brief was to identify the opportunity, liaise with realtors to make an appropriate offer, taking into account potential repairs, manage the purchase, home inspections, payment of all bills, monitor and manage repairs, and prepare the house for show to prospective buyers or tenants. The details were are follows:

1. Purchase of house for $130,000 in foreclosure;

2. Repairs, closing costs and capitalized interest budgetted at 20,000;

3. Purchase in July 2011, leased from October 2011 for a 12 month lease at $1,350 per month;

4. Realistic value of property is currently circa $209,900.

The deal structured with our client is as follows:

1. Client put up capital for the acquisition and in return receives a 5% interest return;

2. We charge no fees, but take 50% of the profit on rental and sale, AFTER accounting for 5% interest, provision for repairs and all costs.

We have several other opportunities like this. If you are interested, contact us for information and references : info@wealthdesign.biz