We work with investment partners to purchase properties that we can renovate or improve to increase their value and then flip or hold them for profit.
click here to read Cheryl Gollnick's personal message
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All the properties we purchase are considered "distressed real estate".
Distressed real estate refers to properties that are experiencing severe physical decay, severe financial hardship, or whose owners are under extreme motivation to sell. These properties are often sold "as-is" for below-market value and present unique risks and opportunities for buyers.
Distressed real estate is typically categorized by the root cause of the distress:
Financial Distress
Properties facing foreclosure or serious financial strain that forces the owner to liquidate assets quickly.
Property Distress
Properties that have fallen into physical or functional disrepair due to neglect, abandonment, or lack of funds for upkeep.
Situational Distress
Properties whose owners are highly motivated to sell due to sudden life events or legal complexities, even if the house itself isn't damaged.
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This is our purchase criteria:
- Properties that can be purchased for 70%-75% of Value
- Properties that need light to moderate cosmetic rehab
Some of the properties we purchase at great discounts are:
Pre-foreclosures
Bank REO’s
Short Sales
Probate properties
Other Distressed Real Estate Where The Owner Needs To Sell Quickly
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To show property owners that we truly want to help them out of their difficult situation, we build in cash assistance for them at close of escrow to help them move on.
For properties that we hold where the current owner wants to stay in the property, we determine if we can convert them to a tenant.
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We offer opportunities for small investors to invest in properties with us and other small investors in a syndication (LLC) that we manage.
Each investor in our syndication may invest as much as they like. The minimum investment amount is $1,000. There is no maximum.
The investment LLC provides the funding for the purchase, rehabilitation and management of the properties that we "flip" or "hold" for profit.
Each investor shares in the profits realized from each investment. The LLC may invest in several properties per year.
At closing on the resale of each property, the original amount that was used to fund the project is returned to the LLC and the net profit is split 40% to the Syndicator and Management of the LLC and 60% to the investors who invest in the LLC.
When investors invest with us, they usually see "double digit" returns on their cash invested.
Our investors aren't required to do any work. They invest and allow us and other experts to choose the properties, do the rehab work and sell them for quick profit.
The only requirement that we have is that each Investor needs to possess the basic understanding of real estate investing, so that they can decide for themselves if the investment is worth the risk.
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For new investors, we offer real estate quick training.
You can go to the Training page or CLICK HERE to view the Buy, Fix & Flip Training & Investment Program.
This training gives the basic knowledge an investor needs to invest for themselves or with us.
The Overview shows investors what we look for when searching for properties to purchase and it explains how we work with investors who invest with us in our LLC.
If an investor has real estate investment knowledge, they can invest with us, without going through this training. They will just need to attest to the fact that they do possess the basic knowledge and they would fill out and have notarized one of our forms, either the "Sophisticated Investor" form or the "Accredited Investor" form.
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If you are interested in our investor opportunities, please contact me for details.
Cheryl Gollnick
Broker and Managing Member
951.318.6420
cheryl@cherylgollnick.com