After the 2008 real estate crash, the market was saturated with foreclosures, short-sales and bank owned homes. Hard working Americans were losing their homes in large numbers. Due to high housing inventory and few buyers, house prices dropped to their newest lows. Investors saw this as an opportunity to acquire these homes for discounted prices. Noticing that the market bottomed out in 2011, we also started investing in real estate; flipping houses. Soon, large corporations and hedge funds rolled in and speculating that the market is starting to recover, also got in on the action.
However, not everyone benefited from the historic low housing prices. The sad part of this was that most working families could not participate in this endeavor because their credit scores were destroyed, businesses were slow, and they didn’t have enough cash to compete with these house buyers. Home values went up approximately 120% between 2013 and 2023, and most of the profits went straight into the pockets of wealthy corporations. Even today these companies are working hard to convince you to give up your house for pennies on the dollar, offering you low-ball cash offers and a quick close!
Seeing what was happening, we realized that it was not fair, and a new idea was born; something that nobody has ever done on such a scale. We saw an opportunity where we can serve our community by doing what we love to do and at the same time benefiting homeowners. Instead of just doing the same thing as hundreds of house flipping companies do, we are offering property owners options when they are ready to sell. Our experience, system, and track record provides us with the ability to handle the full transformation of your property to maximize its value, netting you more money. Because of our unique proven system, our property rehab process is quick, simple and on budget. Once the sale is complete, the property owner gets paid the agreed market value price plus portion of the profit.
Since so many hard working Americans are relying on their property’s equity for retirement, it is only fair that they get more than just a quick low-ball offer from a corporation that will turn around and make thousands of dollars in profit doing minimal remodel and often poor quality workmanship. But there is a much better way and we discovered a method that is a win win for all. Even for those homeowners who aren’t interested in selling but would like to maximize the value of their property, we have multiple options as well.
So here is how it works:
Let’s say you own a property which you’re thinking about selling. Your reasons may be that you're downsizing, you no longer want to deal with tenants, maintenance, property taxes or you just need the cash so you can finally comfortably retire. But you want to make sure that you get the best price for your property, and in its current condition the home just simply won’t sell for top dollar. So what do you do in this case, especially when the last thing you want is to start looking for a contractor to hire? This is where we come in and show you the possibilities.
Here is our process:
1. At our first meeting we listen to you, your goals and analyze your situation. During this meeting you tell us where you are and what’s important to you.
2. We provide you with your property valuation and tell you what your property is worth in its current condition and what its potential ARV (after remodel value).
3. Options presented to you. Here we go over what your property needs in order to maximize its value. We discuss timeline, budget, and potential profit. At the end of this step we chose the best option for you and get started.
4. We bring in our team and get to work. In no time your property is updated and ready to sell for top dollar. You don’t pay a dime because we cover all of the rehab cost. If the property is a rental, during this process, we pay you a monthly fixed payment as if the property is still leased.
5. Once updated, your property is listed for sale by our broker (Eastok). We cover the marketing and sales costs and make sure that the property sells at the projected ARV.
6. At the close of escrow, you get the previously agreed upon value (amount we discuss and agree on in step 3) plus a portion of the profit. So at the end, you make more than if you sold either the traditional way or to any other house flipper.
Another option (Option B) allows you to hire us in contractor capacity only, plus our brokerage lists your property for sale. With this option you get to keep all the profit and only pay us the broker fees and the rehab cost.
Our ultimate mission is to give you options and most importantly put more money in your pocket. This is your hard earned equity and with a little creativity we can help you keep more of it.