Synergy Capital Inc Pittsburgh based privately owned Real Estate investment company
Mar 31, 2015
Synergy Capital IncPittsburgh based privately owned Real Estate investment company
Buy distressed residential properties to renovate and resell to new homeowners.
What We Do
Ryan Brown – managing partner
Josh Adamak – managing partner
Scott Hastings - managing partner
George Vetterly – rehab project manager
Michelle Wright – marketing, administrative
The Synergy Capital Team
Finding Properties Evaluating Deals Purchasing Funding Renovating Selling
How We Do It – The process
Wholesale leads (We Buy Houses etc) MLS
◦ Foreclosures◦ Estate Sales◦ Distressed sales◦ Short Sales
Referrals
Finding Properties
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)
Evaluating Properties
Title Search & receive clear title Home inspection Finalize renovation plans Selecting general contractor Coordinate Funding Insuring the property
Time Frame 30-60 days
Purchasing (after getting a property under
contract)
Start & Manage Renovations Home inspection after completion Make final adjustments Professional staging, photos, & video
Time Frame 6-12 weeks
Post-purchase
Pricing it to sell Listing on MLS through Re/Max Online marketing Networking with Local Agents Finding the right buyer
Time Frame 1-4 months
Marketing it for sale
Buyer’s appraisal, inspection Working with buyer’s title agent Coordinate loan payoff
Time Frame 30-60 days
Closing the transaction
224 2nd (Aspinwall) 608 Winterberry (Monroeville) 4617 Plummer (Lawrenceville)
Case Studies
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)
224 2nd St (Aspinwall)
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)
608 Winterberry (Monroeville)
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)
4617 Plummer (Lawrenceville)
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)
Private lending (see addt’l presentation for further details)
503 8th St (Oakmont) $88,000 Purchase Price $148,00 Total expenses $200,000 ARV $135k-$140k funding amount6 month estimated return: $5,600 (8% APR)
New projects funding needed, between 1-3 properties purchased & also sold each month.
Upcoming Projects
Tour current projects, locations include: Fox Chapel, Aspinwall, Lawrenceville, Shadyside, South Side, Upper
St. Clair, Edgeworth, Monroeville, Brighton Heights, Emsworth
Review upcoming loans available Schedule follow-up meeting Make arrangements for funding new loan
Next steps….