TopDollar Capital

TopDollar Capital LLC buys several houses each month and has been doing so since 1999. When we pay cash for a house and get a steep discount, we usually include private lenders instead of using our own funds or bank loans. Since we get a very high return on our own cash, we can offer our private lenders a high yield when we use their money to fund... our new deals. This is our business model and it works well. Maximum loan to value is 75%. That means we will borrow up to $75,000 on a $100,000 property. The money we borrow is secured by a 1st note and deed of trust (mortgage). Our investor gets 10.00% interest. Monthly payments include principal and interest, or interest only, depending on your investment needs. Interest only payments keep 100% of your principal working for you during the whole investment term. Most loans have a balloon payment due in 1 to 7 years. The term is decided by you. You can also cash out before hand without any penalty. Banks do not even offer this on their low yielding CD's. Sometimes we borrow offering a 2nd deed of trust. For example, if there is a first mortgage for $50,000, then we can offer our investor a second mortgage of (up to) $25,000. In the case of a second position, we pay 13.00%. All private lenders get: * A Promissory Note * A Deed of Trust recorded against the property * Added on to the hazard insurance as the mortgagee * A copy of any appraisals or market analysis reports * Lender's title insurance We pay all costs involved to close the transaction. There is no cost to you as the investor. Before you invest, we would first discuss how much of your capital you are looking to commit and for how long. We would then look for a deal that will meet your criteria. Once I locate the right property, I will call you, give you all the details and then you decide whether to pass or play. There's never any obligation until after you approve the deal. We never co-mingle or pool funds together. One investor... one note and one deed of trust. This makes your investment even more ...Read More