Pittsburgh based privately owned Real Estate investment company.

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Synergy Capital Inc Pittsburgh based privately owned Real Estate investment company

Transcript of Pittsburgh based privately owned Real Estate investment company.

Page 1: Pittsburgh based privately owned Real Estate investment company.

Synergy Capital IncPittsburgh based privately owned Real Estate investment company

Page 2: Pittsburgh based privately owned Real Estate investment company.

Buy distressed residential properties to renovate and resell to new homeowners.

What We Do

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Ryan Brown – managing partner

Josh Adamak – managing partner

Scott Hastings - managing partner

George Vetterly – rehab project manager

Michelle Wright – marketing, administrative

The Synergy Capital Team

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Finding Properties Evaluating Deals Purchasing Funding Renovating Selling

How We Do It – The process

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Wholesale leads (We Buy Houses etc) MLS

◦ Foreclosures◦ Estate Sales◦ Distressed sales◦ Short Sales

Referrals

Finding Properties

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Estimate Renovation Cost (highest best use, additions)

Potential ARV (estimated resell price)

Calculate ancillary costs (holding, financing, closing costs)

Offering Accordingly (adhering to set %’s / margins)

Evaluating Properties

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Title Search & receive clear title Home inspection Finalize renovation plans Selecting general contractor Coordinate Funding Insuring the property

Time Frame 30-60 days

Purchasing (after getting a property under

contract)

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Start & Manage Renovations Home inspection after completion Make final adjustments Professional staging, photos, & video

Time Frame 6-12 weeks

Post-purchase

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Pricing it to sell Listing on MLS through Re/Max Online marketing Networking with Local Agents Finding the right buyer

Time Frame 1-4 months

Marketing it for sale

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Buyer’s appraisal, inspection Working with buyer’s title agent Coordinate loan payoff

Time Frame 30-60 days

Closing the transaction

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224 2nd (Aspinwall) 608 Winterberry (Monroeville) 4617 Plummer (Lawrenceville)

Case Studies

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Purchased $92,500 from whole seller Funded with $180,000 from private lender Total expenses $205,000 Sold for $299,900 in first week on the market Time frame from start to finish: 191 days Private lender profit: $7,535 (8% APR)

224 2nd St (Aspinwall)

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Purchased $20,000 from private seller (hoarder) Funded with $80,000 from private lender Total expenses $98,000 Sold for $139,900 in first week on the market Time frame from start to finish: 206 days Private lender profit: $7,535 (8% APR)

608 Winterberry (Monroeville)

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Purchased $61,000 from estate sale Funded with $118,000 from private lender Total expenses $120,000 Sold for $165,000 in first week on the market Time frame from start to finish: 216 days Private lender profit: $5,586 (8% APR)

4617 Plummer (Lawrenceville)

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Earn higher than average returns Secured by Mortgage & Note and recorded at

courthouse Low LTV (50-70%), plenty of equity to lender Interest Paid from Funding Date to Payoff Date Rehab escrow held by title agent to protect equity Listed as loss payee on property insurance Follow the renovations, see the progress Funds can be reinvested quickly (30 days or less typically)

Private lending (see addt’l presentation for further details)

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503 8th St (Oakmont) $88,000 Purchase Price $148,00 Total expenses $200,000 ARV $135k-$140k funding amount6 month estimated return: $5,600 (8% APR)

New projects funding needed, between 1-3 properties purchased & also sold each month.

Upcoming Projects

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Tour current projects, locations include: Fox Chapel, Aspinwall, Lawrenceville, Shadyside, South Side, Upper

St. Clair, Edgeworth, Monroeville, Brighton Heights, Emsworth

Review upcoming loans available Schedule follow-up meeting Make arrangements for funding new loan

Next steps….