Earn Passive Income with REO Properties: First Fidelity Homes Announces New Webinar Series
During its new ‘Worry Free Investing - Earn Passive Income with Real Estate’ webinar series, First Fidelity Homes will be educating investors across the country on how to earn passive income with reo properties through their unique, simple, and effective program.
First Fidelity Homes buys foreclosed homes in bulk direct from banks and government agencies at low cost. First Fidelity Homes then passes the savings onto occupant-buyers/homeowners who purchase these homes from under a Contract for Deed agreement typically at 10% interest over a 15-yr term.
The occupant-buyers’ monthly payments are structured so that it is cheaper to own the home than it is to rent in the area, with the motto -“Cheaper to Own than to Rent”. This strategy provides for a stable occupant and a dependable stream of cash flow. Furthermore, occupant-buyers assume the cost of property taxes, insurance, maintenance, repairs and utilities.
These properties are then made available to investors as a worry free real estate investment with no land lording and no maintenance. Investors receive the deed with full title to the property along with the contract for deed agreement. Best of all, properties are priced to yield a targeted rate of return of 16%.
Title will transfer to the occupant-buyer only when the contract for deed agreement is paid in full, such as when the occupant-buyer refinances or sells the house or makes the required 15 years of payments. If the occupant-buyer sell or refinances the home, the investor gets paid the contract for deed balance due at that time which can yield the investor returns upwards of 40% or greater.
With First Fidelity’s system, investor-buyers have the opportunity to receive their returns in the form of structured monthly payments potentially culminating in a cash settlement when the homeowner refinances or sells the home. In essence, First Fidelity Homes is providing the initial structure that allows a good hardworking person to purchase a home using an installment sale via contract for deed agreement. From that point, First Fidelity Homes’ investors receive the same high profit returns as banks and other traditional lenders.
For more information on First Fidelity Homes’ webinar series, please visit www.firstfidelityhomes.com or call (201) 530-5325.
First Fidelity Homes is the largest facilitator of REO properties and our mission is to simplify the purchase of REO properties by investors who wish to gain access to the large potential profits available when reselling these foreclosed properties to the retail market. This is accomplished by purchasing REO properties in bulk from banks, placing qualified occupants / contract for deed buyers into these properties and offering them individually or in small packages to qualified investors at wholesale prices.
- Contact Information
- Robert Drake
- National Sales Director
- First Fidelity Homes
- Contact via E-mail
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