JV Partner Profit Update

Just got a text message a few minutes ago from my JV partner Tony in California:
 
"I'm leaving Starbucks now from a seller presentation... got a signed contract... woo hoo!"
 
I texted him back and learned the deal accepted is for:
7 years of seller financing with no money down and that we did the deal structuring together yesterday. He's driving and I have to verify later but -- if there are no changes to the numbers we created together than it looks like this...
 
Property is valued at $250,000 after $5,000 in repairs and rents for $2,195. Seller accepted $291,000 with 0% interest (principal only) payments of $1,120 a month and a balloon payment of $196,920 due in 7 years.
 
Deal is being funded with a $57,000 Roop provided private money first to cover $5,000 for repairs, $1,400 to reimburse postcards he mailed, PLUS $40,000 (!) in EXTRA cash at closing -- and balance used for all costs to buy and hold until occupied.
 
The profit in the deal is $75,000 with $40,000 in cash now, plus total net positive cash flow, plus $31,700 cash later.  In addition to the net cash flow, he also collects $638 each month to be set aside for projected taxes, insurance, vacancies, repairs and maintenance.
 
My profit share is $10,000 less the refund of any coaching fees he has paid since he officially began the Joint Venture program on September 1st.
 
As with all JV deals, Tony won't have one dime invested into the deal or the JV program, plus he is on his way to capture his the $15,000 bonus I offer after completing the 4th JV deal, as described in the full JV program details.  Request the details below:
  

 

Congratulations! Congratulations to JV partner Victor who got a deal accepted with $412k profit.   Congratulations to Jeff H. who got his first offer accepted with a projected profit of $91,500 over 9 years. The profit projected is $18,500 cash now, $19,500 cash flow and $55,500 cash later. Property is a 4-plex valued at $245,000 with gross rents of $3,200 with a projected resell price of $270,500 in 9 years.   Congratulations Bill on your recent partnership deal:  The $110,000 home is in great shape and will rent for $900. Seller accepted $94,500 with $5,000 down taking back $89,500 at $220 a month principal only payments, no interest, with balloon payment of $65,740 after 9 years.   The projected minimum profit is $50,500 with $18,500 extra cash at closing, $3,000 when occupied, $3,500 in net positive cash flow and $26,000 cash later.   I'll fund the deal with a $33,000 private money first lien to cover the $5,000 cash to seller, $18,500 extra cash, reimbursement of postcard marketing plus all other buy and hold costs.   My profit share is $10,000 minus 100% refund of Bill's coaching fees he has paid since he began the Joint Venture program in September. So we split the $18,500 in extra cash where I get $5,200 and he gets $13,300 -- on the day he closes to buy.

  
"Fantastic Deal Structuring meeting!
 This meeting was excellent and tremendously valuable! Having Richard go through the steps (and his thinking) for structuring offers for our specific deal AND working the exact settings on our Ultimate Profit Generator spreadsheet was amazing. Richard explained his thinking as we went through number & scenarios, answered questions along the way, and turned it into a really collaborative effort. This was far better than we've done on our own and a fantastic learning experience! Thanks, Richard!”   -Gerry Weber
      

“ I've received 31 responses so far in my email inbox due to the first mailing of postcards!  Wow!  And that's just the first day!”  Will Simmons

    
"The best way for me to describe being part of the Richard Roop family and system is that of feeling safe, secure, protected and taken care of. I know that Richard always has my best interest in mind and is fully capable of doing whatever it takes from the macro to the very micro level to make the very best top level effort to meet mutually agreed upon goals. I am confident that he treats all his "partners" in the same way. We need many more Richard Roops in this country and on this planet; but I also know that is wishful thinking. I am glad and feel fortunate that I have positioned myself and he has made room for me as a "close" partner."  --- Michele, Naveen and the next generation Khurana family.       
 

"Everything needed times 10!
Richard brings it. The nuts & bolts "how-to" is just a portion - integrating life success concepts into so much of the training material - the inner game, what's happening between the ears - is what makes the real difference”   - Todd Schmidt
    

“Richard Roop has a comprehensive set of tools; from a viable business plan to help people and yet also generate cash now and cash later. He has a comprehensive support system and teaching materials for the Inner Game as well as technical aspects of Real Estate and tools for systematizing your real estate investing. He manages to keep adding the tools I think I need. . . Bravo Richard.”  Andrew Teutsch 
 

Realestate Investing at its best
“I have been buying realestate for 10 years. I No one has ever even come close to bringing everything and I mean everything to the table like Richard does. I have spent about $75,000 on investment classes with very little to show for it. No more. God bless Richard and everything he does for his partners.”  – Bill Lockwood

     

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