Over 25 Years Experience In The Industry.
Since the early 1990’s the Powerhouse management team has been actively buying and selling real estate notes,
the financial agreements between lenders and home buyers.
There are an estimated 10-12 million non-performing notes currently in the United States. Government entities like Fannie Mae and Freddie Mac have struggled with the legacies of the housing bust with billions of dollars’ worth of notes on their books. Banks and home lenders simply don’t have the resources, financial and human, to foreclose on defaulted mortgages due to the incredible amount.
The large volume of notes has created a buyers’ market where shrewd investors with knowledge of real estate and real estate mortgages can buy deeply discounted notes controlling properties for pennies on the dollar.
As the owner of the notes, we control the asset and income stream without the headache of ownership. And since the notes can be purchased at such great discounts, the investment is majorly over collateralized with tremendous upside.
The Winning Model
The Powerhouse management team has long standing relationships with note sellers around the U.S. Powerhouse regularly receives large lists of notes for sale from banks, hedge funds and private sellers. Potential notes are put through a rigorous screening process to determine their viability for our program. Once selected and purchased, there are multiple options to extract the value and cash from the asset. Each is assessed with regards to the current situation and pursued as rapidly as possible. Typical time frame to revenue cash event is 6-12 months with ROI’s in the 20% to 50% range.