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Repossession Angels is a company that specialises in mentoring property investors who want to purchase property below market value through buying direct from motivated sellers and building a portfolio through no money down property deals.
The following is a typical deal that a member of Repossession Angels completed on this month.
Vendors situation:
Owed £73,000 in secured and unsecured debts with total debt repayments costing £860 per month.
Property:
2 bed ex council flat in the south west valued at £106,000
Agreed purchase price = £80,000
Agreed rental = £495 per month
This property was purchased using closed bridging finance enabling the Angel to remortgage to 85% of the valuation price on the same day which is £90,100
Total purchase costs = approx £5,000
Cash back after all costs = £5,100
Total positive monthly rental profit = £100
Here is what one of our Angels has to say about us:
"Having previously purchased properties off plan which have failed to generate a profitable return I then joined Repossession Angels. With the support of the RA team I have now agreed my third rent back deal. Each deal has given substantial cash back at the point of completion and generates a positive monthly income. Buying property the RA way has become self funding- the system works!"
Brian Molloy - Essex
We currently have around 20 areas still available, to find out more about Repossession Angels membership call Anthony Lyons on 08453 670900 or email anthony.lyons@repossessionangels.com
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