Creative strategies for Today s Market. Lori Greymont CEO & Founder Summit Assets Group

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1 Creative strategies for Today s Market Lori Greymont CEO & Founder Summit Assets Group

2 DISCLAIMER 2 This information is NOT intended as a substitute for legal advice. Please seek professional legal counsel before engaging in any contracts with other parties. 2

3 Outcomes 3 I have several outcomes for this time 1. Share why now is the right time 2. Share why Atlanta is the right place 3. Share why Summit is the right team 4. Give you an opportunity to buy or reserve an investment tonight 3

4 Lori Greymont 4 Mom of 4 Children Grew up in a family environment of Real Estate Bought first property in college Rehabbed single family, multi-family Did a land development project Bought a multifamily at auction Syndicated many different projects 4

5 About Summit 5 Innovative Real Estate Firm We educate, coach and connect investors to the bulk REO and discount property market Wholesale REO properties Creatively finance rehabbers and home owners Over 1320 Homes Sold since

6 The Right Time Median income was $5,600 New House around $16,500 (2.95 times) 2009 Median U.S. Household Income $50,221 Median Home price $185,400 (3.69 times) 40 years $5,600 to $50,221 = 896% $16,500 to $185,400 = 1123% -U.S. Census Bureau 2009 Statistics 6

7 The Right Time 7 What does this mean? Housing prices increased faster than wages Inflation caused the prices to go up You will earn more money in numbers, but not necessarily value Buying low is the key to winning as prices go up 7

8 The Right Time 8 Why Real Estate? Its Real Its Insurable Limited Supply Increasing Demand (no building) Leverage Historically increases faster than inflation 8

9 The Right Time 9 More people are becoming renters than homeowners Banks have too much inventory Due to lending regulations, many of the homes for sale are in neighborhoods under $75,000 Mostly in the Alt-A and Subprime neighborhoods (Blue-collar) Neighborhoods often are experiencing turn over People still need homes to live in 9

10 The Right Place 10 What attracts people to live in certain areas? -Jobs -Cost of living -Value of life (entertainment, education, etc.) -Transportation -Geographical features -Family 10

11 The Right Place 11 Atlanta Greater Metropolitan Area -Population of 5.3 Million -Grown by 2.4 million people in the last 20 years -Expected to grow by 2 million more people by 2030 and add 1 million more jobs -Median age 33-40,000 High school graduates annually -24,000 College graduates annually 11

12 The Right Place 12 Forbes Magazine ranked Atlanta as the #1 rental market CNN Money.com says Atlanta is the 4th best city in America to invest in Forbes Magazine ranks Atlanta as the 4th most affordable city to live in U.S. Economics ranks it as the 3rd U.S. Market for job growth Since 1998 Jackson/Hartsfield International airport has been the world s busiest passenger airport 12

13 The Right Place 13 Atlanta Beltline Project $2.8 Billion Redevelopment 22 miles of historic railways 33 miles Trails and pedestrian walkways 1300 Acres of Parks Connects 45 Neighborhoods Create 30,000 permanent jobs and 48,000 construction jobs 13

14 The Right Place 14 Company Headquarters and Largest Employers: Delta, UPS, Home Depot, AT&T, Coca Cola, Coca Cola Enterprises, Georgia Pacific, Southern Company, Cox Enterprises, Turner Broadcasting, AirTran, Emory/CDC, Lockheed, SunTrust, Newell Rubbermaid, AFLAC, Mohawk Industries, and Equifax 14

15 The Right Team 15 SUMMIT ASSETS GROUP Over 65 years of combined Real Estate Experience Manage over 130 properties in our portfolios Properties in 43 Cities, 15 States 9 Employees Rehabbed 27 properties in last 2 years Sold over 1320 homes to investors 15

16 The Right Team 16 What stops most people from investing? FEAR?! 16

17 The Right Team 17 FEAR It is an emotion that just happens. We cannot control fear, BUT we CAN control the risk factors 17

18 The Right Team 18 SUMMIT ASSETS GROUP We have experience to identify and avoid the known risks We employ the best practices for avoid creating risks We are connected with top professional to help navigate the unknown risks when they appear 18

19 The Right Team 19 Process: Locate a property Determine viability in rental market first Make offer conditional on inspections Have Contractor inspect for repairs Buy property Setup curb appeal and start marketing for renter Do repairs Have repairs inspected before we pay contractor 19

20 The Right Team 20 Rental Process: 1. Rigorously Screen Tenants 2. Move in Tenant 3. Do 90-day inspection 4. Handle all repair claims immediately, work with Home Warranty 5. Communicate with Owner every month 6. Periodic drive-by inspections 20

21 The Right Team 21 Samples of our properties 21

22 The Right Team Phillips Dr Forest Park, GA /1 $38,000 Rented $650 Return 13% 22

23 The Right Team Dogwood Ave. Columbus, GA Bed/Bath: 2/1 $35,000 Estimate $625 Return 15% 23

24 The Right Team Hammond Ct, Ellenwood, GA Bed/Bath: 3/2 Built ,331 SF $48,5000 Rent $750 Return 13% 24

25 Available for Reservations Creek Valley Court, Atlanta, GA 3 Br/ 2 Ba 1,161 sf (plus basement) Built in 1962 $43,500* Est. Rent $800 Return = 15% * Price subject to change without notice 25

26 Available for Reservations Pawnee Court, Rex, GA 3 Br/ 2 Ba 1,148 Sf Built in 1989 $45,500* Est. Rent $925 Return = 16% * Price subject to change without notice 26

27 The Right Team Pending Heather Ln College Park, GA Bed/Bath: 3/ sf Year Built: 1962 $29,000 Rented $700 Return 18% 27

28 The Right Team Pending Bonner Rd East Point, GA /1.5 Built 1954 $47,000 Estimate $750 Return 13% 28

29 The Right Team 29 No Hassle Rent Guarantee- 12 months from closing we will guarantee the rental payment Home Warranty- All homes will be sold with a seller paid Home Warranty We are your one-stop shop. Call us and we will fix it or call the right person to fix the problem 29

30 Make a decision to invest and make it work? Cry about it later when you realize you missed it? 30

31 Summary Share why now is the right time 2. Share why Atlanta is the right place 3. Share why Summit is the right team 4. Give you an opportunity to buy or reserve an investment tonight 31

32 Outcomes 32 We sell all of our homes on a 15 day escrow We require a $1,000 deposit that is refundable for the first 10 days No Questions Asked No Hassle Rent Guarantee- 12 months from closing we will guarantee the rental payment Home Warranty- All homes will be sold with a 12 month seller paid Home Warranty We are your one-stop shop. Call us and we will fix it or call the right person to fix the problem 32

33 Outcomes 33 If you are interested, don t wait until tomorrow to let us know. The investment you want will most likely be sold- really!! 33

34 Summit Assets Group Lori Greymont

Atlanta discount investment opportunities with net yields approaching 15%

Atlanta discount investment opportunities with net yields approaching 15% Why Atlanta? The capital city of the state of Georgia, Atlanta is the travel and business hub of the Southeast U.S.A. Home to the