241 Pine Street, Idaho Falls, ID
“Just your little everyday fixer upper home… Short sale bought and sold within 24 hours - this is what $31,166.95 looks like!”
– Gary Norris
Short Sale
Owed: $65,000.00
Offer: $7,500.00
Broker Price Opinion (BPO): $65,000.00
2nd BPO: $ -Value
2nd Offer: $3,000.00
Final Price: $6,000.00
Sold next day $39,800.00
After taxes & closing costs $31,166.95
“We LOVE Nouveau Riche… Thanks to the Nouveau Riche education we have been able to fully monetize our short sale investing business. Our Real Estate Agent Focused Web site gets Realtors to bring us their short sale listings and we pay them double the normal commission. It is the perfect Win-Win-Win program for the home owner, the real estate agent, and the end buyer.
In less than three months we have acquired 37 properties in 7 states. Our business runs itself…We don’t talk to sellers (real estate agents do), we don’t talk to banks (our negotiators do…5 of them), and we don’t have to find end-buyers (real estate agents do).
We literally facilitate the deals and go to closings…
Oh, yeah… and collect checks…cha-ching!
Thank You Nouveau Riche!”
NRS HomeBuyers, LLC
Gary Norris - ISA since May 2005
Ron Rhead - ISA since March 2007
Ginger Stacey - ISA since January 2007
NOTE: All income examples and investment scenarios shown are individual experiences only, and are not guarantees of any kind. Actual results can and will vary due to a variety of market conditions, including timing, interest rates, property operating costs, unexpected expenses, tenant availability, vacancy rates, and appraised values to be obtained in the future.