12 months ago a client called me and asked for an investment product that didn’t exist. The conversation went like this:
Client: “I have £100,000 available that I want to invest in a ‘special situation’. Not the normal run-of-the-mill property deal but something that will produce way above average income and profit. I’m talking a minimum of 20% return a year plus strong capital growth potential. What have you got that fits this requirement?”
We: “At the moment, nothing. But I’ll work on it.”
And so I went to work. Over the last seven years we have made hundreds of sourcing contacts across the world and I went to all of them with this request. Only one responded with a deal that was likely to meet the very exacting criteria of our client.
Our most popular investment of all time
This investment product has since become the most popular we have ever released. We have more clients choosing this than anything else.
• We have continued to improve the model, so that now the 20% net income is guaranteed for the first 24 months.
• This has become a ‘hands-off’ investment with none of the worries of a traditional buy-to-let investment.
• The price points of $25,000 to $29,000 for a fully refurbished, single family home in a good area has been deliverable.
• We have an office in Memphis now, taking us very close to the acquisition process.
Proven to be deliverable
The biggest question we receive is the old chestnut “it seems too good to be true. Is it really deliverable?” 12 months later we can answer that question with a resounding ‘yes’!
Of course you might expect us to say that, so here’s some unsolicited feedback from Rick Persa, one of the three first clients to invest in this product.
“Ben Marvin rang me to enquire if I was satisfied with the level of service I am receiving from Select Realty Online [our US partner in Memphis]. I assured him that I was and felt that I should drop you a quick email. As you know, if I am not happy then everybody knows about it.
I do not have to communicate often with Select Realty Online as my reports are emailed without fail at the beginning of every month and my cheque is mailed to my US banker within the given time scale. At the commencement of my purchase and for a few months thereafter, I worked very closely with Ben in order to achieve my requirements.