OwnEZ™ is a web-based marketplace lending platform focused on Single Family Real Estate. It’s a peer to peer lending platform that matches prospective home buyers, who can afford payments but cannot obtain a bank loan, with investors who are interested in returns backed by real estate without being landlords.
All buyers are pre-qualified by a licensed specialist and, once pre-qualified, they can select the property that they would like to own. Once Identified, every property is inspected by a licensed inspector and has to be move-in ready in order to qualify for the program. (Both the buyer and property go through a qualification process.)
As an investor, you select the buyer you would like to fund. The property is then purchased with cash and a deed provided to you, the investor. A markup of 20% is then added to the property’s original purchase price and sold to the buyer, usually that same day, through a land contract, ensuring that you the investor have both a portion of the anticipated increase in property value captured as well as a significant amount of collateral as the deed holder of the property. The buyer provides a 10% down payment and the balance owed is amortized and paid over 12 years, bears 8% interest and secured by the property. The deed remains in the investor’s name through the life of the loan and is transferred to the buyer only after full repayment of the loan.
With OwnEZ you enjoy cash-flow similar to owning a rental property but without having the headaches of being a landlord !!!
Interested? – Give us a call.