Realty411 Magazine A Spotlight on Charles and Lena Sells | Page 49
Q. What happens if buyers can’t
get traditional financing at the
end of the term?
HOPE is our way of giving
back. Investing in distressed real
estate often comes with the stigma
of being a predatory opportunity. It
can be an unfortunate
circumstance of life, but by no
means do we want to be in the
business of making people
homeless. We have never been
unable to get financing, but we
know people lose their
jobs, factories are shut
down and reservists are
deployed. When it happens
(and it will) we will make
it advantageous for the
investor, as well as the
HOPE candidate.
liens, or fix and flips, there is a ton
of back office shuffling going on
for accounting of redemptions,
filing of legal notices, paying
contractors, listing property for
sale, you name it. Harbor is where
our clients access all of this
information and documentation.
Speedboat is what delivers it to
them.
Q. Why work with PIP group
instead of taking the DIY
approach?
Q. What is ‘Speedboat’,
and what others ways to
you provide transparency
and management for
investors?
Speedboat is the little sister of a
software we have been custom
developing over the last 4 years,
called Harbor. Something that
continues to be lacking industry
wide, is proper accounting,
documentation and reconciliation.
Unlike 99% of other turnkey
services, we are not a fund, or a
pooled investment. Our clients
own 100% of their investment.
They are recorded in their names,
or their entity names. We are only
compensated based on the
performance of the services we
bring to the table. As a result, we
need to provide “on demand”
account data to an investor, much
like a bank does. Whether it is tax
Resources and experience are
obvious canned answers you
would get from anybody. So, let’s
talk about mitigating exposure.
The fact is, even I have taken
losses somewhere down the line.
It is the inevitability of the
business and it is going to happen
no matter how good you are, or
think you are. If you get exposed
in your first deal, there goes your
experience investing in distressed
real estate. If PIP gets exposed (on
your behalf) in your first deal, the
onus is on us to make it right. You
don’t get to be in this business for
this long by not being accountable
for your mistakes. Working with
49
PIP will likely earn you better
profits than you can make on
your own and if a surprise arises
(which it will), you will have the
resources and experience you
need to mitigate that exposure.
Q. What are the best next steps
for someone to get started in
distressed real estate investing or
gain the traction they have been
longing for?
Call us! Again, this is your
investment and it is in
your name. You are an
individual and as an
individual, you have
different expectations
and exit strategies, than
the guy or gal sitting
next to you. WE NEED
TO UNDERSTAND
THOSE. Your first call
to PIP is a 30 minute
discussion to help us
understand your
expectations and
objectives. In that
discussion we work through why
you thought you wanted to invest
in fix and flips, but now maybe
you want to buy hybrid liens in
Georgia. We may even identify
you as being a very active hands
on investor and tell you PIP is
probably not the right fit for you.
Case in point, we first want to
just have an open dialogue and
from there we will see if we are a
good fit, with the type of returns
and opportunities you are looking
for.
Find out if PIP Group is the
right fit for you by calling 877
3352529 or visit them online at
PIPGroup.com.