Looking for a mortgage note buyer, who can think a little outside the box.
Our market is currently Buffalo, New York, yes it’s a depressed market but not because of the people or the recession, the depression or even the crime. It’s because of government regulations. Some politician named Dodd came up with a plan that says people should not be gouged by closing costs. They call it anti-predatory lending laws.

To make a long story short, institutional lender’s cannot write a mortgage that has closing costs which exceed 5%.
They have set a minimum mortgage size of $35.000.
This cuts almost all, if not completely all potential home buyers in an entire city. All houses in the core Buffalo cost less than $35,000. Investors can’t get institutional financing either, they’re only allowed four mortgages and they too must be a minimum $35,000. Since they have to pay cash, they demand the very lowest prices. Consequently driving prices down.

The Solution – OWNER FINANCING.

Don’t want to give all the details on a brief e-mail, we are looking for note buyers who will buy seasoned notes 6 to 12 months, from creditworthy buyers carefully screened, down payment a must. (No Sub Primes) We want to use a maximum 11% interest rate, as this is considered non-predatory. Most mortgages will be around $30,000 and the buyer will have a payment that is less than everyone is paying for rent. (Approx. $399.00 per month) Discounts to be expected.

We have several fail safe strategies, to make it safe for both the seller holding owner financing, the home buyer and also safe for the note buyer. Note can be structured, according to your precise criteria.

The value here is in the financing, not the house. However houses must be in reasonable repair,
or buyer must show they have the resources to get it in good repair. Any necessary repairs will be done during the seasoning time.
Would you prefer we send you one 100K note once in while, (from some other rich market) or several safe 11%, 30K notes per month?

The people to buy these houses, are the ones who have lived their whole lives and are raising their families there. Mr Dodd closed them out, unknowingly denied them the right to live the American Dream.
We want to fix that, it is a win win situation for all involved. With you on board we will move into other similar markets and do the same thing, providing you a un-limited supply of safe notes.

Sincerely
Mike Hepburn
Venture Quest Property Investments LLC
266 Elmwood Ave. #993
Buffalo, NY
14222
Phone: 716-748-6252
Toll Free: 1-800-286-4161

E:mail: ibuy@ibuyyourhome.net