D’Calviño Equity Partners are passive investors that provide Project financing in the form of credit, cash, loans, trust deeds, and/or cross-collateralized property. Financing is applied toward purchase earnest money, required down-payment, closing costs, additional financing payments, maintenance and operations costs, utility costs, and un-financed remodeling expenses.

Properties to acquire are identified and researched by principals of www.GetWholesaleHomes.com. D’Calviño and Equity Partners assume joint ownership and title.

D’Calviño has a private party funding source that will lend up to 90% loan to value, 90% of estimated remodeling expenses, and 6 months loan interest payments. The required 10% down-payment can be cross-collateralized with other Equity Partner property to increase the purchase price funding level to 100%. The interest rate is currently 8 ¾%, with a 1.25% loan origination fee and $300 property appraisal fee. Vacancy and vandalism insurance is required.

D’Calviño architects, interior designers, and remodeling managers will design and supervise all Project remodeling. Designs include inexpensive but unique features. D’Calviño licensed contractors will conduct all building code repairs. D’Calviño 1099 contractors and vendors will conduct all other Project remodeling. Equity Partners are always welcome to observe, contribute ideas, and monitor Projects.

Property sales are managed for a 1% fee (one %) by Mark Olson PLLC, a broker agent of Acres4U Land & Development, 4145 East Baseline Road, Gilbert, Arizona 85234. Properties are aggressively marketed at discount retail prices to assure quick property sales.

D’Calviño provides Equity Partners with digital Project accounting records using Quicken Business Edition accounting software, and digitizes all receipts for Equity Partner records. Project accounting records are available on request, and are the basis for determining profits and losses.

Profits and Losses of Projects undertaken by the D’Calviño and Equity Partner are distributed as:

(a)        D’Calviño and Equity Partner share all Project profits equally (50%/50%).

(b)        Mark Olson PLLC will sell any Project property for a 0% commission fee.

(c)        Losses are unlikely because properties are highly discounted and remodeled. However, if losses are incurred, they are shared equally, and no fee will be paid to Mark Olson PLLC.

This 2 Bedroom, 1 Bath Town House with 1 Enclosed Carport was purchased from US Bank for $102,000.  Similar units have recently sold or are listed for sale for an average of $165,000. After D’Calviño remodeling, it will easily be the best value at $175,000, selling for at least $165,000. It will be completely stripped and remodeled with a new upgraded kitchen, new appliances, elegant bath, added indoor laundry, wall modifications, new tile and carpeting, 3-tone paint, and unique D’Calviño inexpensive Detail Design features.

$102,000           Purchase Price

      2,625          Purchase Title, Escrow, Appraisal, 1.5% Loan Origination Fees

$104,625           Acquisition Escrow Settlement HUD-1 Cost

$  17,617           Remodeling Expenses

      1,222          Marketing Expenses

      4,785          4 Month Holding Expenses (Interest, Taxes, Insurance, HOA dues, Utilities)

$  23,624           Remodeling, Marketing, and Holding Expenses

$128,249           Total Acquisition, Remodeling, Marketing, and Holding Costs

$107,655           90% Purchase Financing, 90% Remodeling Financing

$  20,594           Equity Partner Cash

$128,249           Total Financing
 

$165,000           Selling Price

     -5,245          3% Retail Buyer Agent Realtor Fee + Home Warranty

            -0         0% D’Calviño Listing Agent Realtor Fee

     -2,188          Selling Title, Escrow, and Contract Expenses

 -128,249           Total Acquisition, Remodeling, Marketing, and Holding Expenses

    29,320          Profit ($14,660 each to Equity Partner and D’Calviño