June 21st, 2010 by EveryCloud
1 comment »
Hi, we at Everycloud are in search of a JV partner for a deal we have.
We will split profits 50:50 from completion to eventual exit.
However, we need someone who can prove £80k deposit and who will be a mortgage host for us. We are using our Staged Payment approach on this one so you will get a hefty Cash Out on completion of £4,000 !! , a monthly income, plus a good payout when the property is sold again.
The deal is a 15% BMV over 3 years, but is a 37% discount initially with the further payment (paid by either refinancing, but probably selling to a tenant buyer) within 3 years.
We do everything!
You just make money – and so do we!
To be clear you only have to have the £80k held in an account somewhere. You do not need to use it.
If you, or anyone you know is interested please contact us on 0800 158 3775.
Kind regards
The Team at Everycloud
June 17th, 2010 by EveryCloud
1 comment »
We are pleased to offer our latest staged payment deal available now for just a £250 reservation fee.
3 bed Semi-detached in Ellesmere Port, CH65 in very good condition
Will cashflow £125-£150 pcm.
Will cash out c £2.7k AFTER ALL FEES – (2 * legals, valuation, finders fee & finance costs)
EveryCloud will offer Case Management service on this to ensure smooth transaction
For more details and pictures click here – act now, this will go fast.
June 16th, 2010 by EveryCloud
1 comment »
We have some deals that may be interest for all those Scottish Investors out there.
1) Ref 1027 – Perthshire – PH27 – 4 bed detached – Value £320k would take £240k verbally agreed – 20% discount
2) Ref 1030 – West Lothian – EH55 – 4 bed detached – RICS £200k would take £160k verbally agreed. – 20% discount
3) Ref 1031 – Dundee – DD3 9 – 3 bed terrace – Value – difficult to value – would take £75k – verbally agreed – ?% discount
4) Ref 1032 – Falkirk – FK6 6 – 3 bed detached – value £150k would do a Lease Option – wants to discuss further.
If you wish to purchase any or all of these leads please call 0800 158 3775
Each lead is £75 to purchase.
June 8th, 2010 by EveryCloud
No comments »
We are pleased to offer our latest £5k cash out Staged Payment deal in Skelmersdale, Lancs – details below:
• 5 Bed Detached Property, Very good Condition throughout
• c£5k Net Cash Out for Investor upon completion (after fees
paid)
• Expected Cashflow £200+ pcm
• Staged Payment – Total to be paid £240k overall 84% Market Value
• 1st Payment upon completion – £190,000
• 2nd Payment – on or before 36 months – £50,000
• £5,000 Finders Fee for EveryCloud – payable on completion.
• £250 res fee to secure, Subject to EveryCloud T’s & C’s
More details attached or visit http://www.everycloud.org/wordpress/stagedpayment/staged-payment-deals/
for more pictures and comparables
May 18th, 2010 by EveryCloud
2 comments »
Sorry we haven’t been posting much recently as we’ve been really busy working on lots of very exciting things and also trying to get our property house in order.
Thanks to a highly efficient partner of ours based in Liverpool, we have now found a tenant buyer for our 4/5 bed house that we bought recently using our staged payment technique. This is a perfect exit strategy for us as the buyer needs to complete within 3 years, which ties in perfectly with when we are due to make our 2nd payment to the lovely couple we bought the house from.
What a result – bumper cashflow per month from here on in for the next 3 years, no maintenance or voids to worry about. Now all we need to do is to find another tenant buyer for our 3 bed “doer upper” in Manchester – all enquiries welcome!
May 5th, 2010 by EveryCloud
No comments »
Like many BMV investors the credit crunch had a significant impact on our business as with the low LTV’s have made it hard for us to find solutions for the many motivated sellers contacting us.
After scratching our heads for a while the answer was obvious – why couldn’t we agree to buy the property now for an agreed price but break the payment down into 2 stages? We figured this would help us offer a greater total value for the property and that our vendors would like this.
Once we had worked this out, we needed to find a process that protected both parties’ interests during the period, which also assured the vendor that we were not going to disappear without making their second payment! Most importantly the solution needed to be easy to explain as from our experience, complicated processes only serve to confuse the vendor and scare them off. Well we couldn’t find one we liked so we got a solicitor to draw one up for us.
As we all know, the trick is to have as many tools in your kitbag as possible, in order to have the best possible chance of finding a solution to a vendor’s problem. With the current restraints on lending, discounts today need to be at least 28% in order for the deal to be “deposit paid / no money left in”. Naturally most vendors want to achieve the highest price for their property, so in many cases this means that they are either unable, or unwilling to take such a large discount.
Staged Payment deals have really been maximising our cash-flow over 2009 and will be much used through by us through 2010, but they are not new concepts. Basically, when you break it down, it is simply one payment on completion and another in a few years (usually 3-5). It’s a bit of a hybrid between BMV and a Lease Option, with the key difference that you actually own the property from day one.
This methodology has enabled us to buy properties in locations that we may not previously have considered, as we only look at these purchases on a 3 year plan – ie: buy now and sell with exit strategy. We feel the location becomes less relevant as long as the property will make good cash-flow during the term. Clearly the it needs to be managed but we are not seeking to hold forever – simply until the point where we exercise our exit strategy to make a pre-determined profit. To summarise, we have a proven system that offers full legal protection for both the buyer and the seller which will mean you can do more deals.
April 14th, 2010 by EveryCloud
No comments »
We were delighted to be asked to write an article for the great Your Property Network Magazine to share the Staged Payment Strategy with other investors. After all, it’s worked for us so we love the thought that others can share in our success.
If you didn’t already see the article, you can see a copy of it here.
As always, we welcome your feedback and thoughts on this article – info@everycloud.org
March 19th, 2010 by EveryCloud
No comments »
Here at the EveryCloud office we just love Fridays – especially those Fridays where we complete on a property!! We are collecting the keys on a 5 bed terraced property in Liverpool which we agreed on a Staged Payment deal. Fantastic deal, £10k cash out today and massive cashflow on the rental. We’ve got a letting agent on the case with it, as well as have started adverstising for a Rent 2 Buy tenant and have already had a few enquiries.
If you would like to start doing deals like this, download our free report from here
Related Blogs
March 16th, 2010 by EveryCloud
No comments »
EveryCloud was truly inspired seeing Jeremy Gilley talk at Berkshire PNC last night, just shows what a difference one individual can make to other people.
If you weren’t lucky enough to be there last night, watch this video to see more about Peace One Day and the remarkable story. In 1999, Jeremy Gilley founded Peace One Day, a non-profit organisation, and in 2001 Peace One Day’s efforts were rewarded when the member states of the United Nations unanimously adopted the first ever day of global ceasefire and non-violence on 21 September annually – Peace Day.
Click here to visit their web site
- http://www.peaceoneday.org
We are truly humble and in awe of what Jeremy has achieved – just goes to show that with a clear vision and passion, anything is possible.
Related Blogs
March 12th, 2010 by EveryCloud
No comments »
FOR SALE NOW – 3 BEDROOM SEMI-DETACHED PROPERTY
492WORSLEY ROAD, ECCLES MANCHESTER M30 8JT - £115,000 and we will make a £5000 CONTRIBUTION TOWARDS YOUR DEPOSIT.
We are pleased to offer now with vacant possession a fantastic 3 bedroom traditional semi-detached property situated in the much sought after area of Eccles.
Ideal family home with huge potential to put your own mark on the property.
The property comprises of:
- entrance hallway,
- lounge/ dining room
- and kitchen with access
- Good size mature rear garden.
To the first floor are
- 3 good size bedrooms;
- a 3 piece family bathroom
- Access to loft space.
R.I.C.S VALUATION SEP 2009 – £115,000.
Offering a generous rear garden the property is in need of modernisation which is reflected at the price of £115,000. We will pay £5000 towards your deposit so there is no excuse to miss this fantastic opportunity.
Grab this fantastic 3 bedroom property which is available for sale NOW.
To view or to please contact EveryCloud on 0800 158 3775 or email info@everycloud.org
