The signs are there. Late last month, Federal Reserve chai=
Alan Greenspan predicted "the housing boom will eventually simmer do=
Existing home sales slipped 2.6% in July. And homeowners throughout the
country - many of whom have recently bought at record-high prices - are
nervously waiting for the ball to drop.
But one real estate investment company is actually
looking forward to the day the bubble bursts because it will open the doo=
to an enormous number of distressed properties that can be bought at big
discounts. In fact, Gladstone Enterprises, Inc.
(http://www.gladstoneprofits.com) said today, individuals who act as priv=
lenders to the company will still earn a guaranteed, tax- deferred 10% re=
on that capital even when the housing market starts its inevitable declin=
It may sound too good to be true, but Gladstone's mat=
out. Using funds borrowed from individual lenders around the country, Gladstone buys homes in Virginia at 50% to 70% of their valu=
typically from sellers on the brink of foreclosure. The company then sell=
a profit, paying the private lender back at an interest rate of 10% yearl=
Risk is mitigated by the homes' value and low purchase prices: Even if a =
goes sour - which has yet to happen - most homes the
company works with are in good condition and in desirable areas. The lend=
could foreclose, quickly resell the home under market value, and still see
It's a win-win-win situation, said Gladstone president Alan Brymer. The private lender enjoys a 10% return on
investment with no work and virtually no risk; the homeowner typically me=
outstanding mortgage obligations and walks away with cash in his pocket
within two weeks; and Gladst=
adds to its bottom line.
But not every lender interested in working with <=
w:st=3D"on">Gladstone can d=
Although investments can be as low as $10,000, the company only works with
people with enough liquidity to wire funds to a title company within a few
days. In exchange, the lender receives a promissory note and trust deed,
turning the property itself into collateral. But being involved in Gladstone's current expansion is a first-come,
first-serve opportunity: When requesting capital, <=
w:st=3D"on">Gladstone calls the private lenders o=
list in the order that they first met them.
And those opportunities will soon increase: Gladstone has j=
implemented a new strategy of partnering with other real estate investors,
creating a need for additional capital.
"We don't count on appreciation to make a
profit," explained Brymer. "So a re=
estate downturn won't affect us, or those who lend us money. We're gearin=
for a period of enormous growth, and we're looking for people who want a =
alternative to gambling in the stock market without the hassle of buying,
fixing up, and selling homes on their own."
Those interested in working with Gladstone can learn more and download=
company's business plan at http://www.gladstoneprofits.com. Gladstone also offers a finder's fee =
$1,000 to anyone who refers the company to a lender or seller, payable at
completion of the transaction. Contact: Steve Green Gladstone Enterprises,
Inc. 540-903-6207 email@example.com http://www.gladstoneprofits.=
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SOURCE Gladstone Enterprises, Inc. Steve Green,
Gladstone Enterprises, Inc., +1-540-903-6207, firstname.lastname@example.org