National Realty Investment Advisors, LLC has recently announced 8% guaranteed return on capital for all types of new purchasers whether they’re a single owner or in a partnership, or if they receive 100% financing or opt for a cash deal.
As per NRIA’s Buyback Agreement, all investment homes come with a money back guarantee, which assures investors will get their the initial purchase cost money back if they are not satisfied plus an additional $35,000.
The repurchase and buyback of a property has few conditions and rules, which can be read in detail below. The most important thing for a purchaser to know about this agreement is that a repurchase/buyback is only possible after construction is completed and the final appraisal occurs. Additional information on this buyback agreement is as follows:
- The Satisfaction Guaranteed Property Buy Back Agreement applies to all types of new purchasers, Single Owner Financed Purchasers, Cash Purchasers, and LLC Member Partnerships.
- These Agreements are created for every type of new deal.
- As per the agreement, the standardized rate of return on capital is 8% percent in a buyback.
- To request a buyback and receive your capital+8% return on the capital, clients will have to wait three months after property completion.
- The Re-Purchase and Buy Back of your property is guaranteed by National Realty Investment Advisors, LLC after construction is completed and final appraisal occurs.
- This guarantee is exercisable at the exclusive choice of the clients within 3 months after their property is fully constructed and the final appraisal or inspection (whichever is earlier) takes place.
- The return of capital with additional return guarantee will be calculated on the total “cash out of pocket” paid in on the project by clients (Single Owner, Financed Purchasers, Cash Purchasers, and each member in case of LLC Member partnerships).
- If clients choose to exercise this re-purchase guarantee, the resale closing and repayment will take place within 120 days of their written notice to NRIA about utilizing this guarantee.
- An agreement of sale and purchase shall be drafted with mutual consent of parties involved in buyback, which will define the purchase price calculated as per the set terms of agreement.
The newly released agreements of repurchase & buyback guarantee by National Realty Investment Advisors, LLC guarantees a minimum 8% to all clients associated with new deals, but there are few a points that each client (Single Owner, Financed, Cash Purchasers, and LLC Member partnerships) must take notice of individually. The details are as following:
For Single Owner Financed Purchaser Clients
- NRIA, LLC guarantees the payoff of the mortgage and return of capital paid in.
- The “cash out of pocket” is defined as all cash-in for deposits, construction interest payments, taxes, fees, title closing costs, association dues, insurance, property management fees and any/all cash specifically invested in the project outside of the construction loan, proceeds used to close upon and pay for the purchase of land and build initially.
- Any and all cash in “out of pocket” invested outside of the land purchase and construction loan utilized will be totaled and receive this rate of return .
- The buyback capital and return amounts will include the full payoff and extinguishment of all mortgages on the property and the transfer of the property to NRIA, LLC or its assignees to remove client from liability.
For Clients Purchasing in Cash
- NRIA, LLC grantees the return of the capital paid in.
- The “cash out of pocket” is defined as all cash in for land, construction, closing, deposits, taxes, fees, association dues, insurance, property management fees and any/all cash specifically invested in the project used to close upon and pay for purchase and maintain it.
- The buyback capital and return amount will include the transfer of the property to NRIA, LLC or its assignees to remove the Cash Purchaser Clients from liability.
- A majority vote of all owners in interest is required to demand this buy back.
For LLC Member Partnerships
- NRIA, LLC guarantees return of capital paid in to each member of your LLC.
- The “cash out of pocket” is defined as all cash in from each individual member for deposits, construction interest payments, taxes, fees, association dues, insurance, property management fees and any and all cash specifically invested in the project outside of the construction loan proceeds used to close upon and pay for your purchase of land and build initially.
- Any and all additional cash in “out of pocket” invested outside of the land purchase and construction loan utilized will be totaled and receive this rate of return – converted to each member’s actual individual cash in made.
- The buyback capital and return amounts will include the full payoff and extinguishment of all mortgages on the property and the transfer of the property to NRIA, LLC or its assignees to remove you from liability.
- Only a majority vote of partner members in interest can demand this buy back.
NRIA, LLC has been trying to make each of their property deals transparent and beneficial to its clients. All agreements have similar steps and are geared towards the client’s guaranteed satisfaction. For more information regarding the Repurchase/Buyback guarantee of NRIA, LLC, you can drop your query here or call 201-210-2727.