Download Purchasing - Synergy Capital Inc.

Pittsburgh based privately owned Real Estate investment company
Buy distressed residential properties to
renovate and resell to new homeowners.
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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
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Finding Properties
Evaluating Deals
Purchasing
Funding
Renovating
Selling
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Wholesale leads (We Buy Houses etc)
MLS
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Foreclosures
Estate Sales
Distressed sales
Short Sales
Referrals
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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)
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Title Search & receive clear title
Home inspection
Finalize renovation plans
Selecting general contractor
Coordinate Funding
Insuring the property
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Time Frame 30-60 days
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Start & Manage Renovations
Home inspection after completion
Make final adjustments
Professional staging, photos, & video
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Time Frame 6-12 weeks
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Pricing it to sell
Listing on MLS through Re/Max
Online marketing
Networking with Local Agents
Finding the right buyer
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Time Frame 1-4 months
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Buyer’s appraisal, inspection
Working with buyer’s title agent
Coordinate loan payoff
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Time Frame 30-60 days
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224 2nd (Aspinwall)
608 Winterberry (Monroeville)
4617 Plummer (Lawrenceville)
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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)
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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)
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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)
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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)
503 8th St (Oakmont)
 $88,000 Purchase Price
 $148,00 Total expenses
 $200,000 ARV
 $135k-$140k funding amount
6 month estimated return: $5,600
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(8% APR)
New projects funding needed, between 1-3 properties purchased & also sold
each month.
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Tour current projects, locations include:
Fox Chapel, Aspinwall, Lawrenceville, Shadyside, South Side, Upper St.
Clair, Edgeworth, Monroeville, Brighton Heights, Emsworth
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Review upcoming loans available
Schedule follow-up meeting
Make arrangements for funding new loan