VENTURE CAPITALIST'S SPECIAL!!!
EARN $50,000 FOR CO-SIGNING A LOAN USING 75 E. DOGWOOD TRAIL AS COLLATERAL
The owners of 75 E. Dogwood Trail are paying $50,000 to a cosigner who helps obtain financing to pay the current $520,000 mortgage and the costs of renovations and/or new construction. Whaley Fun Returns is focusing the 75 E. Dogwood Trail renovation/construction on substantial increases in property value, as the focus of 100 Bridge Street was, with vacation rental income also a major factor. The loan may be obtained from any bank or private lender who meets Whaley Fund Returns' lending requirements. A great credit score is preferred, but average credit scores will be considered. The co-signer will not be obligated to make any payments and is simply needed to obtain financing limited by loan to value factors. "Peace of mind " terms include 3 months of mortgage payments being held in a joint account with co-signer and if the money is needed for a mortgage payment, co-signer has the right to list 75 E. Dogwood Trail for sale for market value. Whaley Fun Returns is also accepting offers contingent on a percentage of the 75 E. Dogwood Trail rental income and/or sale price instead of the $50,000 payment.
Where is the risk involved to the co-signer? Whaley Fun Returns believes the risk involved is limited to the event that the entire Outer Banks housing market loses much more than 20% of the housing market's value at the same time the current owner's both become disabled and for some reason unable to obtain mortgage payments through an insurance policy specifically held to make mortgage payments during health problems. The 100 Bridge Street construction was sold for $820K with $405K secured against the property and the 4809 Vista Lane construction was sold for $519,9K with $295K secured against the property (not including the 75 E. Dogwood Trail down payment). Appraisals and an Comparative Market Analysis' indicate 75 E. Dogwood Trail will be worth between $1.1M and $1.6M with a total of $750K secured against the property (The $750K does not include the construction of a 2nd home).
What "Peace Of Mind" comes with co-signing? The co-signer's Peace Of Mind not only includes a "Power of Attorney" providing the right to sell 75 E. Dogwood Trail for market value if under 3 months worth of loan payments are held in a savings account, the co-signer will have complete transparency to the financial information relating to the 75 E. Dogwood Trail loan and construction costs. The co-signer is encouraged to "name their Peace of Mind terms" to make their co-signing experience as stress free as possible.
Why are the current owners seeking a co-signer? The current owner's credit is sufficient to own 75 E. Dogwood Trail as the property is now but they do not currently qualify for primary residence "cash-out" financing and the investment loans offered have required the property to be vacant during construction, which is not at all necessary. A co-signer makes financing needs convenient to the home-owners. The current owners work as a Dare County teacher and home improvement provider. Owning 75 E. Dogwood Trail and making home improvements on customer's homes does not make sense financially, so the current owners are seeking a co-signer to help make the 75 E Dogwood Trail property as valuable as possible to be used as primary residence with vacation rental income available during the summer vacation rental season or sold as a "fix and flip" primary residence.
Contact Whaley Fun Returns for more information at 610 842 3905 or to submit your offer.
$50,000 guaranteed profit INVESTING IN CO-OWNERSHIPS
No $ Down For 8% ownership (4 WEEkS) of completely updated luxury hoME valued at $1.1M-$1.6M
No $ Down For 8% ownership (4 WEEkS) of completely updated luxury hoME valued at $1.1M-$1.6M
No $ Down For 8% ownership (4 WEEkS) of completely updated luxury hoME valued at $1.1M-$1.6M
A "NO $ DOWN" 8% co-ownership offering 4 weeks of vacationing per year to an investor who helps secure financing needed for the renovations and existing $520,000 mortgage is available. The buyer will be entitled to receive their $50,000 guaranteed profit at the time of loan disbursement, if they chose to take the $50,000 instead of investing the money into 75 E. Dogwood Trail renovations. An investor will be entitled to the 4 weeks of free vacationing without ever being required to pay any costs, including taxes, insurance and maintenance fees by simply securing the financing needed with the owners of 75 E. Dogwood Trail. The actual cost of the 8% co-ownership is $60,000, but will be 100% financed. Most mortgage options limit the current owners to under $600,000 without a co-owner. Current owners are seeking a co-owner with adequate credit and the desire to make 75 E. Dogwood Trail as valuable/profitable as possible. The renovations to create the 5 bedroom, 4 bathroom luxury home with (2) additional loft style bedrooms, an indoor pool and bowling alley are scheduled to start in September 2024 and could take 24 months with 2025 & 2026 summer season usage negotiable (interior renovations are typically completed one room at a time leaving the possibility to enjoy a semi-renovated home in 2025-2026 by extending the length of the renovations). Please take a virtual tour of 100 Bridge Street at: www.outerbankshomeimprovements.com to get an idea of the craftsmanship and materials 75 E. Dogwood Trail will be finished with. The floorplan and appraisals are available at: www.outerbankshomeimprovements.com/75-appraisals. Current owner reserves the right to buyout 8% owner for $90,000 for 5 years. Current owner reserves the right to make additional home improvements, including the addition of an Accessory Dwelling Unit (ADU) on a separate driveway located in the wooded area of the lot closest to N. Dogwood Trail (The ADU may be used by current owners when not occupying the primary residence) or building a 2nd home on an approved lot subdivision plan. Current owners owe $520,000 on 75 E. Dogwood Trail and will be paying the $520,000 mortgage completely off with the new financing of 75 E. Dogwood Trail then using other real estate secured financing options to finance all the home improvements (such as a home equity line of credit). Co-owners will be required to sign documents acknowledging they are permitting current owners to use 75 E. Dogwood Trail as collateral for financing. All agreements need to be specifically structured to meet Southern Shores zoning code. Aerial pictures are found at: 75 E Dogwood Trail, Southern Shores, NC 27949 | Jonathan Clark | Photographer (mylisting.cloud)
All co-ownership, partnerships and timeshare opportunities at the 75 E Dogwood Trail primary residence have specific lending guidelines to meet to avoid the unnecessary classification as an "investment" property. All co-ownership, partnerships and timeshare opportunities requiring joint financing will be structured so funds are obtained with both parties agreement throughout the renovation process.
NO $ DOWN for 49% ownership of completely updated luxury hoME valued at $1.1M-$1.6M
No $ Down For 8% ownership (4 WEEkS) of completely updated luxury hoME valued at $1.1M-$1.6M
No $ Down For 8% ownership (4 WEEkS) of completely updated luxury hoME valued at $1.1M-$1.6M
A NO $ DOWN 49% co-ownership of 75 E. Dogwood Trail provides the buyer a sharing agreement giving the buyer 80% of the summer season (non-Dare County School year) to personally use or rent to vacationers. The current owners occupy 75 E. Dogwood Trail for the entire school year, provide all the needed property maintenance and pay 100% of the property taxes and home owner's insurance. Renovations to create the 5 bedroom, 4 bathroom luxury home with (2) additional loft style bedrooms, an indoor pool and bowling alley are scheduled to start in September 2024 and could take 24 months with 2025 & 2026 summer season usage negotiable (interior renovations are typically completed one room at a time leaving the possibility to enjoy a semi-renovated home in 2025-2026 by extending the length of the renovations). Buyer is only required to have credit sufficient to obtain a $400,000 mortgage secured with 75 E. Dogwood Trail with current owners so buyer and current owners can pay the existing $520,000 mortgage and obtain funds for improvements, making the co-owner named on the deed. Please take a virtual tour of 100 Bridge Street at: www.outerbankshomeimprovements.com to get an idea of the craftsmanship and materials 75 E. Dogwood Trail will be finished with. The floorplan and appraisals are available at: www.outerbankshomeimprovements.com/75-appraisals. Current owner reserves the right to make additional home improvements, including the addition of an Accessory Dwelling Unit (ADU) located in the wooded area of the lot closest to N. Dogwood Trail (The ADU may be used by current owners when not occupying the primary residence). Aerial pictures are found at: 75 E Dogwood Trail, Southern Shores, NC 27949 | Jonathan Clark | Photographer (mylisting.cloud)
All co-ownership, partnerships and timeshare opportunities at the 75 E Dogwood Trail primary residence may have specific lending guidelines to meet to avoid the unnecessary classification as an "investment" property. All co-ownership, partnerships and timeshare opportunities requiring joint financing will be structured so funds are obtained with both parties agreement throughout the renovation process. All agreements need to be specifically structured to meet Southern Shores zoning code. 49% ownership can be structured as a "fix and flip" renovation partnership, rental partnership (to share rental income) or as a primary residence where current owners vacation during the non-school year leaving the home for the partners to use.
$725,000 for 49% ownership of updated luxury hoME AND 4 bed/3 bath ADU
$725,000 for 49% ownership of updated luxury hoME AND 4 bed/3 bath ADU
$725,000 for 49% ownership of updated luxury hoME AND 4 bed/3 bath ADU
The $725K co-ownership of 75 E. Dogwood Trail provides the buyer 49% ownership which includes a sharing agreement giving the buyer 80% of the summer season (non-Dare County School year) to personally use or rent to vacationers. The current owners occupy 75 E. Dogwood Trail for the entire school year, provide all the needed property maintenance and pay 100% of the property taxes and home owner's insurance. Renovations to create the 5 bedroom, 4 bathroom luxury home with (2) additional loft style bedrooms, an indoor pool and bowling alley are scheduled to start in September 2024 and could take 24 months with 2025 & 2026 summer season usage negotiable (interior renovations are typically completed one room at a time leaving the possibility to enjoy a semi-renovated home in 2025-2026 by extending the length of the renovations). Please take a virtual tour of 100 Bridge Street at www.outerbankshomeimprovements.com to get an idea of the craftsmanship and materials 75 E. Dogwood Trail will be finished with. The floorplan and appraisals are available at: www.outerbankshomeimprovements.com/75-appraisals. Current owner reserves the right to buyout 49% owner for $835,000 for 5 years. Current owner reserves the right to make additional home improvements. Current owners owe $520,000 on 75 E. Dogwood Trl. and will be paying the $520,000 mortgage completely off with the sale of 49% and then using other real estate secured financing options to finance some of the home improvements (such as a home equity line of credit). Co-owners will be required to sign documents acknowledging they are permitting current owners to use 75 E. Dogwood Trail as collateral for financing. Aerial pictures are found at: 75 E Dogwood Trail, Southern Shores, NC 27949 | Jonathan Clark | Photographer (mylisting.cloud)
All co-ownership, partnerships and timeshare opportunities at the 75 E Dogwood Trail primary residence have specific lending guidelines to meet to avoid the unnecessary classification as an "investment" property. All co-ownership, partnerships and timeshare opportunities requiring joint financing will be structured so funds are obtained with both parties agreement throughout the renovation process. All agreements need to be specifically structured to meet Southern Shores zoning code
THE WHALEY FUN RETURNS "NO RISK" $50,000 PROFIT GUARANTEE
$725,000 for 49% ownership of updated luxury hoME AND 4 bed/3 bath ADU
$725,000 for 49% ownership of updated luxury hoME AND 4 bed/3 bath ADU
The "No Risk" investments with $50,000 profit guarantee is Whaley Fun Returns way of proving how serious Whaley Fun Returns is about your investment.
From the moment Whaley Fun Returns accepts an offer on 75 E. Dogwood Trail the investor/partner/co-owner has access to all financial information relating to 75 E. Dogwood Trail. The financial transparency and other "peace of mind" progress reports, pictures, etc. assure our investor/partner/co-owner the opportunity to watch their investment grow.
A "No Money Down" co-owner will be entitled (if they chose) to their guaranteed $50,000 profit at the time financing is obtained for the renovations and 2nd home.
When the planned renovations are completed, Whaley Fun Returns is guaranteeing at least a $50,000 profit if 75 E. Dogwood Trail is sold (however, selling 75 E. Dogwood Trail upon job completion is definitely not the current owners plan right now). Meaning, A "No $ Down" Co-owner/partner/investor is guaranteed at least $50,000 for their 8% ownership after the renovations and construction is complete. If our investor/partner/co-owner invests $725,000 into 75 E. Dogwood Trail, they are guaranteed at least $775,000 if 75 E. Dogwood Trail is sold. The sale of 75 E. Dogwood Trail will be structured so after any loan(s) against 75 E. Dogwood Trail are paid, the realtor's commission, taxes and other reasonable closing costs are paid and then Whaley Fun Return's investor/partner/co-owner receives at least $775,000 (before the current owner receives any of their 51%).
75 E. Dogwood Trail currently has a $520,000 mortgage and a value believed to be anywhere from $662,000 to more than $779,000. Partnering with Whaley Fun Returns ensures you vacations your family will love and at least a $50,000 profit out of equity already in 75 E. Dogwood Trail. All agreements need to be specifically structured to meet Southern Shores zoning code
Please take a virtual tour of 100 Bridge Street at www.outerbankshomeimprovements.com to get an idea of the craftsmanship and materials 75 E. Dogwood Trail will be finished with. The floorplan and appraisals are available at: www.outerbankshomeimprovements.com/75-appraisals.
Real Estate Secured Investments and Free Vacation Deals!
75 E. Dogwood Trl, Southern Shores Waterfront-Sleeps 14
- 10 % interest and 2 weeks of free vacationing for funding renovations, including the installation of an indoor pool. Investment can be secured with 2nd lien position.
- 7.5% interest and 4 weeks of free vacationing for 1st lien position.
-Vacations available Memorial Day week- Labor Day week. Terms are negotiable.
ADVERTISE FOR FREE!
Do you own property in the Outer Banks and want to be paired with an investor in a mutually beneficial collateral based financial agreement? Whaley Fun Returns is promoting the business to Outer Banks residents, Outer Banks vacationers, out-of-state residents and Wall Street Journal subscribers.