No. As a matter if fact, we are the guys that those sign people often call once they think they have something. Often, people who post those “bandit signs” as the industry calls them, are amateur investors who attended some sort of seminar and are looking to supplement their income. They are seldom experienced or financially capable of performing, and they attempt to “wholesale” a home for a $5000-$10,000 markup to someone who can actually close (like us).

We are based in Westchester County, NY and will look at property in Westchester, Putnam, Dutchess, Rockland, Orange and Fairfield (CT) counties. Outside of that area we evaluate on a case by case basis. We will also consider the boroughs of New York City or Long Island.

We are business people, and this is how we make money and build our business. The practice  practice of buying and selling real estate for a profit is a long respected and honorable pursuit, and it has lately become glamorized by reality TV shows and, all too often, urban myth. We are not a public service, we do this to earn a profit, and we endeavor to create a win/win scenario in all of our dealings.

We will pay you a price that we hope will be worth certainty and security without all the risks of being on the market waiting for your ship to come in. Our number probably won’t be what you would get if you sold to someone who would live in your home and has no plans to re-sell or move anytime soon. We aren’t for everyone.

Certainty. With us, you won’t wait on the market waiting for a buyer. You don’t have open houses, strangers walking through your home or setting appointments and not showing up. You don’t have to sweat out a home inspection because we buy “as is.” You don’t need to hire an architect and engineer to legalize improvements you made without a permit or certificate of occupancy. And you don’t have to wonder if and when your buyer will get their mortgage approval. We pay cash.

Yes. No one should ever sell real estate in the state of New York without legal representation.

We typically re-sell all homes we buy.

The short answer is yes, however we find the term “flipping” rather misleading. It never happens as quickly as it does on TV. The idea that there would be someone ready to close on your home for tens of thousands more than we would buy it for is often virtually impossible. We will make needed improvements and there are some cases where we can make a faster than typical turnaround, but that is exceedingly rare.

The truth is that we make far more of a profit if we can buy and sell a home than if we list a home as a broker and work 6 months or more to earn a small percentage. We have investor clients that are actively seeking properties who can buy now. We look through public records, foreclosure postings, auctions, expired unsold listings, and  routinely network with estate and divorce lawyers to find motivated sellers. Our retail business is quite successful, and because of that we have developed relationships with investors. This is one of the conduits we use to seek property for them.

My house is still listed with my agent. Can I have them call you?

Your agent can certainly reach out to us, but we focus on homes that are off the market for a variety of reasons.

Please do not cancel your contract with your current broker. If reducing your price doesn’t work, give them the length of time you agreed upon. If the listing expires unsold, then feel free to contact us.

Probably not. The investors we work with are experienced, well-capitalized professionals. They are familiar with the risks associated with this industry, and understand that they can lose money in a transaction if things don’t go right. A responsible investment adviser should always inform the client of the possibility of loss and the consequences of risk. If you are not a savvy, serious, experienced and professional investor, it would be wise to not expose yourself to the risks of the current market.

We part friends. There is absolutely no obligation to do business with us, and if we don’t have a meeting of the minds on price, we’ll give you all the options available in our professional opinion. You might elect to hold on to the house. We may know someone in the trades who can help you finish a project. You might rent the home out.

Many people have us come out just to get a free value estimate on their house just for reference. We are fine with that.

We love this question. Consider a laundromat or restaurant. Their capital is in their equipment and physical plant, which can be worth hundreds of thousands of dollars alone. The funds used to buy, carry and renovate property is working capital as much as master tools and a tow-truck are to a mechanic. There may be value there, but it is working capital for an institutional investor, not the means to idle leisure.