Active Coregroup
Welcome to the Active Coregroup of tucsoninvestors.com.
To enter this page you must be confirmed hunter level or higher ('confirmed' hunters must have had at least one deal under contract). Attendance at meetings on fridays periodically and/or quarterly dealmaker meetings regularly. The deals are listed inside of the member links below. Below these links are the procedures you need to understand to work dealmaker to dealmaker internal transactions.
Elliott Kelly is working on...
Optional: Financing the first year cash flow bonus
The following procedures that are the stock loan process will seem like gobbledygook if you haven't read the full explanation by clicking the link above...
Begins with cash, then it gets converted to stock, then stock loan is taken out, then sale of call option returns 100% of invested capital. Once capital returned the real estate portion of the deal commmences.
The stock transfers with option obligation and stock loan liability, then 5% paid to liquid cgod. Any remaining capital is granted to the dealmaker or we use a different cgod in the future (5% per week with virtually no risk is good enough). The first time we use a cgod turnaround doubles.
proceeds of stock loan/call option premium pay cash for property, which is resold or refinanced to end buyer and cash then used to reimburse liquid cgod. all inside escrow like a double closing. the purpose of all of this is the collection of dividend income from the stock to be enjoyed by end buyer. 12% on 100k is an additional 1k/month per property. Please note this income boost only lasts as long as the option premium, so we must try to get as long an option term as possible. One year or hopefully better.
Financing, talk to Elliott or go to our hard money site by clicking this link.
We can use credit partners again through our new financing source. if no partner is wanted we can still get 80%ltv with decent credit and 65% with bad credit. in both cases seller seconds are ok.
Please keep in mind any seller seconds over and above these amounts can count towards a cash at close transaction. If a partner is used to cover 100% then the entire amount minus closing costs may count as cash at close.
We also have 90% financing for rehabs where the ARV does not exceed 65% including fixup costs. This source does not care about credit, only insured contractors may be used however. Will fund 100% of fixup costs.
Speak to Elliott directly or follow the link above to the hard money sister site.
The Deal List
Is compiled by Hunters with a property under contract and/or dealmakers who have properties they would go on contract for to sell. A 'deal' should not exceed 100k in price unless the spread as confirmed by appraisal exceeds 100% after repair costs. Most deals should flow cash, though some low dollar flips are ok. The cash flow cutoff would be about 70k and the flip up to a hundred with lesser spreads than stated above.
Talent
Who we hired, what we hired them for and what we paid them. Also, don't leave any negative comments, just don't recommend anyone you didn't like. If there are quirks or special needs, you can mention them in a decent light please.
Purchasing
This is what we spent on this and that and where. Where we can get deals on materials is always helpful. remember to use the mail in receipt service to record this data so we can project costs.
Remember to tell people you are a part of tucson investors and ask if there are any organizational discounts you might be able to pass the word around about. You never know when asking for a discount will produce one.
