September 23rd, 2010 by EveryCloud
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If you have £10k that you can spare for 3 months then read on. We have a 2 bed mid terrace property in Oldam – OL8 which requires a reasonable refurb.
This is an exchange with delayed (long stop) completion so you get the benefit of getting the mortgage based on the revised valuation.
This can be a hands off project for you as we have a team of people ready to carry out the works. We estimate there is between 4-6 weeks of work at around £8k.
Once completed, this can be refinanced at 80% and you can pull out your £10k investment. We estimate you will have ONLY £1k LEFT IN the property and it will cashflow a minimum of £150pcm on a standard rental.
Should you prefer we can find you a tenant buyer which will improve these figures dramatically.
Click here to view the property details and more information on how to reserve this deal.
September 1st, 2010 by EveryCloud
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New Staged Payment deal available now. This works with a new 75% HMO finance product which is available from selected brokers (including ours).
See for more details – http://www.everycloud.org/wordpress/stagedpayment/staged-payment-deals/
It’s a 5+ lettable room property made up of 2 merged back-to-back terraced houses & a former off licence in Batley West Yorkshire.
Property is in good condition with a recent RICS full homerbuyer report – Value £212,000.
- First payment – £147,000 – initial 31% discount.
- 2nd payment – due in 60 months – £33,000 – total 85% of Current Market Value.
- Estimated cash out of £1250 after all fees (legals, finance & finders).
£500 to reserve. Please note that successful taker must be able to prove minimum £25k pa income and be existing landlord with 3 years experience
http://www.everycloud.org/wordpress/stagedpayment/staged-payment-deals/
Any questions, please email info@everycloud.org or call the office on 0800 158 3775
August 28th, 2010 by EveryCloud
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We have an urgent requirement for a R2O / exchange with long stop in the Grimsby area. DN37 – Laceby.
4 bed detached property, 2 recps and garage – less than 10 years old. Very good condition and on a nice estate.
RICS value – £180k.
Deposit / PP at £200k.
If anyone can help / has someone suitable good finders fees paid.
Please email info@everycloud.org or call 0800 158 3775 if you can help.
June 21st, 2010 by EveryCloud
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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
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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
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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
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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
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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
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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
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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
