Episode 227: Matthew Sullivan - QuantmRE (Home Equity Agreements)

In this episode of Discount Property Investor David is joined by Matthew Sullivan, the founder and CEO of QuantmRE a veteran in real estate investing and business. QuantmRE, a game changing tool for homeowners and investors, Checkout how QuantmRE has to offer in unlocking the equity of your home.Services Mentionedhttps://www.quantmre.com/http://dpipodcast.com/toolkit/\For a full QuantmRe Overview checkout the details down below To get started in Wholesaling Real Estate start learning at http://www.FreeWholesaleCourse.com Check out the “TOOL KIT“ to see more products and services that David and Mike use to Wholesale 10+ houses a month.For A Wholesale Step by Step + Simple Systems check out the FREE Wholesale Blueprint: freewholesaleblueprint.comAs always If you liked what you heard please help us grow by adding a review. Your reviews help us rank higher and reach more people. Thank you! Talk to you soon.Check out the “TOOL KIT“ here http://dpipodcast.com/toolkit/ ”QuantmRE Details:HOME EQUITY AGREEMENTSExample:  ARV 650K - Appraised250K debt 400K = EquityThey can invest up to 20% of the value of your home!Part 1 - 650 * . 20 = 130KPart 2 - 250 + 130 = 380 (needs to 70% or less of the Appraised value)70% of ARV or 650 = 455K380 is less than 455K so it's good to go!!States -> 15 States and Growing (not too rural)The process takes about 4-6 weeks (gather info about the home the mortgage and the owner)Credit score only needs to around 550...So once I'm approved they send an OPTION Agreement (lien on the property)- When you sell your home ANYTIME OVER THE NEXT 30 Years!!- The amount that they share in the increase of the value - Scenario 1 - sells at the same amount that it appraised at the time we start working together.- Scenario 2 - Sells at a lower price : - Scenario 3 - Above. 550 - 750 - 200Home Equity Agreement -> They keep 60% of the appreciation @ 20% - investment or 30% appreciaiton on 10% Investment. Multiplier of 3.- They have an ROI cap -> 15-18%- Agreement is Transferable - up to 30 years. (loan become due after 30 years) Buyback the agreement ANYTIME without PENALTY This is a VALID option to get $$ if someone has BAD Credit :)They work with rental/investment properties too!!* Could be a great way to get out of FORECLOSURE!! What are the charges - NO UPFRONT FEE'S. No out of pocket expenses... 1 time charge of 3% + the costs Title / taxes / Apprails / insepection. (THAT COMES OUT OF WHAT THEY WLL LEND YOU)Matthew SullivanQuantmRE.com- Ebook / Calculator /