How soon can I get a house and make money?

A: First, we need to complete your Pre-Application, then we must receive all of your support documents. After that, you are placed in the Property Acquisition Queue. From the time you are matched with a house, it can take as little as one week to as much as 60-90 days to match you with a house, depending on current availability and your position in the Queue. Those who elect to do multiple purchases are placed in a shorter Queue and therefore the time it takes to get a property may be reduced. After accepting the property, closing takes about 30 days and our objective is for you to have a ready tenant at closing.

How soon can I get a house and make money?

A: First, we need to complete your Pre-Application, then we must receive all of your support documents. After that, you are placed in the Property Acquisition Queue. From the time you are matched with a house, it can take as little as one week to as much as 60-90 days to match you with a house, depending on current availability and your position in the Queue. Those who elect to do multiple purchases are placed in a shorter Queue and therefore the time it takes to get a property may be reduced. After accepting the property, closing takes about 30 days and
our objective is for you to have a ready tenant at closing.

How does the ‘Property Acquisition Queue’ work?

The Queue is really the simplest part of the program, and makes sure that one investor doesn’t receive preferential treatment over another. As new qualified Credit-Investors come into the Queue, they start at the bottom position. As new completed properties become available, they go to the top position in the Queue first. So if there are ten people in the Queue, you would come in at number eleven. When the next property becomes available, it would be offered to the Credit-Investor in position number one.

If that investor accepts the property, the next available home would be offered to number two, then number three and so on. If the first investor passes on the home, it is offered to the next in line, and so on. Once a property has been offered, whether accepted or not, the top investor drops back to the bottom of the Queue to rise back to the top and await their next property.

The process is completely fair and democratic, and you always retain complete control over your decision. Being matched with a property only means you have been provided the pertinent data about the home (values, market rents, etc.) and have the option to purchase it or pass. No property ever goes to closing without your OK and acceptance.

Investors wishing to purchase multiple properties are placed in a separate, smaller Queue, so they only have to go through the loan qualification process once whether purchasing two or three or even six properties at the same time.

Are these “Section 8” houses?

In rare cases HUD Section 8 funds may be used, for example, in a major rehab of an apartment complex, but Out Estate Investments does not generally pursue HUD Housing. Most of Out Estate Investments’ homes are built so working-class families can afford them. Where the homes are rented, the objective is usually to do a lease-toown, unless the Zero Money Investor is more interested in a long-term rental property. Instead of relying on programs like Section 8, Out Estate Investments works closely with the city and our financial partners to get renters and buyers approved on the homes, so the investor can cash out and hopefully reinvest again, and so the family can become owners instead of renters.

So, are these inner-city slums or projects? Are these like “slumlord” properties?

Absolutely not! Out Estate Investments does not engage in properties that fall into traditional “government project” or “slumlord” categories. We deal in urban, not rural areas, but that doesn’t mean warzones! Cities look to us to build high quality homes and rehabbing homes of value, not junk, primarily in urban areas – within municipal boundaries or city limits, or outside of the city itself (but not far-flung suburbs). Some are subdivisions of hundreds of homes, others are scatter-site developments of dozens of homes. In every case, city and financial partners have targeted an area where they need affordable worker and family housing. Many new homes today are outside of the price range many families can afford. Predatory lending has “helped” many get into these homes, putting added burdens on the family. Some work two or three jobs, and could own a home IF it was built to be an affordable home, instead of a “McMansion.” This is a huge market need in every city across the country, and one that is largely not being addressed by most developers.

What about property management?

We designate one or more independent property management companies, and require they keep a prescreened list of ready tenants. In addition, they must do monthly drive-bys and property inspections, to ensure any potential tenant issues are caught early. Along with notifying you, they must dual-notify us of any developments regarding the tenant or property throughout the term of the guarantee, so we are always aware of the status of your property. Clients who utilize the designated dependent management company may also be covered under the 6-Month Limited Mortgage Payment. Guarantee.

If you prefer to use your own management person or company, you have the right to do so as well... you own the property.

But can’t you make more on bigger, more expensive houses?

Possibly, but that is the most overbuilt market in the country. Supply and demand means that the pricier houses, built to make the most money, are also the ones most affected by market bubbles and bursts. Out Estate Investments literally “creates” its own market, by creating value in houses and communities that didn’t exist before.

Their philosophy is that making quality housing more accessible for workers and families, as homeowners, is the basis of building thriving communities. Zero Money Investors are investing for profit, while becoming the instrument of change for families. Because each Zero Money Investor can do up to ten houses per year (depending on credit and income), there is plenty of profit to be made in socially-conscious developing... and the Zero Money Investor does NONE of the work!

So why do you need me?

Out Estate Investments provides affordable housing for working-class families. Our profits are primarily from our negotiations with cities. Leveraging investors’ credit resources leaves our cash available for appraisals, title, closing costs, etc., and to create more affordable homes in more communities.

How soon can I get into a house and make money?

First, we must receive all of your support documents, then you will be placed in the Property Acquisition Queue for the next available property. From the time you are matched with a house, it will normally take 60-90 days to rehab and rent.

How many houses can I do? How much can I make?

You may invest in up to 10 homes each year, based on your credit and income. Your profit depends on the property, and we give you a prospectus on each in advance.

Are these new homes, or rehabs? Where are they?

Both new and rehab, in Birmingham, Alabama, Atlanta, Georgia, St. Louis, Missouri, Kansas City, Missouri, Detroit, Michigan, Jackson, Mississippi and other stable areas.

How will this affect my credit?

Any major purchase makes some impact on your credit, especially right after any major purchase. However, since each property is income-producing, it should create less effect than other major purchases. Many of our clients qualify to make multiple purchases at the same time. Plus your mortgage is covered for any month the house is vacant during the first year. And your information is only used with Out Estate Investments.

your permission by Out Estate our lenders and partners. “working class” people tend to remain in properties longer than the general population, your mortgage payment is guaranteed paid for up to 6 months if the house is ever vacant. No private investor enjoys any of these advantages. All of these factors give us a unique financial position in these homes, providing an extra “cushion” against market swings or “bubbles,” which you share as immediate 20%-25% equity (based on the lender’s appraisal, not ours), and 100% of all net profits – from rents and resale.

How will this affect my credit?

Each property is income-producing, creating only very minor effect on your credit (and the company pays your mortgage if it’s vacant during the first two years). Your information is only used with your permission, on properties you approve of. And, you get Credit Privacy Protection Insurance for as long as you are in the program.

What if I want to invest cash, or rollover my IRA or 401K for tax-deferred investment?

Out Estate Investments has other programs for cash and rollover clients.

What are my next steps?

Sign or initial the forms in this packet and gather the support documents required. We’ll set up a good pickup time for you and a notary service if you don’t have a notary available. Return the completed packet by fax with the support documents. All documents must be received before you may be added into the Property Acquisition Queue.

What kind of supporting documents are required?

Nothing more than the standard documentation for any mortgage. Individual lenders have varying requirements, but examples of normal support docs include: a) Copy of your driver’s license and one other ID. b) Last two years tax returns, W-2’s and 1099’s, etc. c) Last full month’s pay stubs d) 3 month’s financial statements (personal, business, investment accounts—money market,IRA, 401k,etc