Why Quad?

There are many reasons why you should consider investing in a Quad.  Quad Ownership is perfect for those of you who want to invest in a family vacation but don't have a lot of money.  This program is perfect for you. 

How about a corporate retreat for your business? Many business owners spend money each year on trips for their "valued employees" why not invest in a Quad Home and reward your employees as well as investing for your business. 

Lets Look at our options

Family Vacations - Family's have been visiting the Outer Banks for years.  Many were smart and invested in a home years ago and made this their family vacation destination.  For those that did not invest or have just found out about this beautiful resort area, it's not too late.  You can make this your family vacation destination for a fourth of the price and have ownership in an ocean front dream home.

Corporate Retreats - Many larger businesses that have business locations all over have corporate retreats each year.  They rent a large 15 bedroom home and have all there key personnel gathered for vacation or for sales seminars etc.  They pay around $10,000.00 just to rent a 10 bedroom home on the Outer Banks for a single week.  If the larger corporation would buy a Quad Home they could have 13 weeks in a 10 bedroom home and send each one of their managers on vacation separately. 

Asking price $2,200,000.00 

$2.2 million / 4 Quads = $550,000.00 each

                            Payments – Rental Income
$47,324.40 costs to own a Quad Ocean Front Home
$37,030.00 rental income
$10,294.40 per year to Own / 12 months = $857.87

 $857.87 per Month per Quad to have Ownership in a $2.2 Million Oceanfront Dream


5 Years from Now
Year 2012 Mortgage Breakdown 

    After 5 years on a $440,000.00 mortgage you now owe $415,842.47

        That’s with a monthly payment of
$3,076.54

             Property should be worth $2,860,000.00 in 2012
4 Quads $715,000.00 each

        Based on a 6% annual appreciation

                 
                  $137,685.33 / 5 years = $27,537.07 / 12 months = 
$2,294.76 average profit per month

After a five year investment and after your payments your equity is
$137,685.33

Creating the Parent Company

Creating the Parent Company is the first thing we do.  We need to create a company to take title to the property, register the property with the North Carolina Real Estate Commission and list the property on the MLS.  When choosing a name for the Parent Company you need to choose one that is related to the house like the house name or street address.  Don't choose a family name or last name that will only confuse things later.  To create a Parent Company you will need to

Register the Property
We register the Property with the North Carolina Real Estate Commission.  This should take about one month.  While this is getting registered it's still on the MLS so we're not losing any time marketing the property.  After the property has been registered with the North Carolina Real Estate Commission we'll list the property in the LLC's name and then it becomes a NEW listing.

Be Honest With The Client
Realtors need to be honest with the client and let them know that the appraised value of the house is going to dictate the listing price.  Don't just list the property to get a listing.  List the property to sell.  

Listing Price
You don't have to lower the price of your house below the appraised value to sell it.  We are going to list for the appraised value.  NO we do not have to get a new appraisal right now.  The realtor's analysis of value will be relied on initially. If you want to get an appraisal you can.  The qualified Quad lenders have agreed to accept the initial appraisal for the quad values.

MLS Listing
 We then list the property in the MLS under the NEW sub-category, Quad Ownership.  It is listed and shown as an Ocean Front with great amenities at a fourth of the price. 

Selling The Property
The Realtor then helps find a potential buyer by calling their former clients and contacts.  We all have those people that want an Ocean front but can't afford it, but now they can. 

Buyer Protection
Not only is the buyer getting their Dream Home.  Their getting it through a North Carolina Limited Liability Company for free.