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FAQs
Ameraco is an acronym that stands for the Ameraco Real Estate Acquisition Corporation. We’re a nationally recognized company that’s comprised of experts in the acquisition and liquidation of distressed, foreclosed, REO and deferred maintenance-type properties. We also provide each associate with the ongoing consulting they need to be a successful property locator, and access to our nationwide private investor network for joint-venturing or outright buyouts for every good deal they locate using our system. How many Investors are in the Find It and Fund It Network? There are currently over 10,000 investor’s in the Investor Network. Everyday, we are adding more and more to this network. In fact, once you have built enough capital, most of our Locators end up becoming a part of our Investor Network. How can I make money in the Find It and Fund It Program? There are 3 ways to make money using our program: 1. Becoming a Locator – find residential properties in your area, submit them to our Investor Network and when an investor picks up your deal, you can make anywhere from 3-10% of the selling price. 2. Joint Venturing – oversee any rehab to get the property market ready and you can earn from 30-40% when the home closes. 3. Becoming an Investor – once you have enough capital, you can join our Investor Network and purchase properties on your own and keep all the profits. Do I need a real estate license to become a member of the Find It and Fund It program? No. As a locator, you are securing the property as if you are purchasing the property yourself, without putting any of your own money down. Once an investor picks up your deal, you get paid on the Assignment of Contract. How can I profit with Ameraco? First, you need to join the Ameraco Team, as either an acquisition associate or as a registered private investor. We will guide you through the education process so you can learn about the many exciting opportunities that we can help you discover right in your own neighborhood. As you become more knowledgeable, you’ll recognize new opportunities readily, which will help you to increase your profits even further. What type of property would I locate? At the conclusion of your training, you’ll possess the necessary skills to locate what Ameraco refers to as “Green Light Acquisition” properties, or GLAs. These GLAs are residential properties that fit our recommended guidelines for acquisition. You would then submit your GLA property for either joint-venturing or assignment of contract, through Ameraco or our private investor network, at zero cost or financial obligation to you. How is all of this accomplished? Ameraco has set forth simple, yet strict acquisition criteria for our associates and investors to follow. The criteria in our Find It and Fund It training material is used in conjunction with the outcome with Ameraco’s property analyzation forms. This allows us to capitalize on all the potential profit of each new GLA. When used properly, they will provide us with the critical information we need for gauging each deal individually. This keeps our associates on the right path which greatly reduces mistakes and optimizes your earning potential. Ameraco and the investor network utilize the same pre-qualifying tools and criteria to determine if the opportunity is worth the risk. Once I locate a GLA property, will there be enough capital to fund my venture? Absolutely. That’s why we have an investor network. At the present time, we have many more investors than qualified deals. Furthermore, our investor network is continually growing. With the recent downturn in the stock market, many former investors are now looking to more traditional safe-havens for their investment capital. Real estate has always been a good investment. And that’s why investors are returning once again. They want to take advantage of not only the earnings potential, but the security and tax benefits as well. This is a dynamic change in investment strategy and has opened huge new opportunities for our investors and associates. How important are Ameraco’s forms and contracts? They’re extremely important. These proprietary forms and contracts play a fundamental role in your success as an associate with Ameraco. The forms systematically walk you through the qualifying guidelines and probability of success with each deal you locate. Without our step-by-step system, it would be very difficult and time consuming to make an accurate determination on the properties you submit for acceptance and capitalization. Will I share ownership in a property once a joint-venture deal is funded? Yes, of course. You’ll possess what’s referred to as joint-ownership. Joint-ownership occurs when there is more than one owner of a property. Upon acceptance of your good deal, you will enter into a joint-ownership agreement between you and your investor. This agreement will set forth the respective rights, ownership percentages, and the way in which both parties agree to re-develop the property. Therefore, the associate and the private investor share joint-ownership, with the investor assuming all of the financial obligations of your project from start to finish. What percentage of ownership will I receive with a typical joint-venture deal? On standard joint-venture deals, you’ll typically receive an ownership stake of between 30 and 40 percent. Each deal is unique and defers slightly in structure and ownership percentage. For example, it’s not uncommon for a personal advisor to help craft a 50/50 split on behalf of an associate. Also, if the associate contracts to do all repairs at cost, he could receive a much larger margin. How is Ameraco compensated? Ameraco receives a training and consulting fee for each joint-venture or assignment of contract deal that it undertakes with, or on behalf of, our associates. This fee comes directly out of the property and covers the entire expense of the program, including your study material, training, mentoring with your personal advisor and the acquisition team’s time overseeing your ventures. How much money can I make as an acquisition associate? With individuals willing to commit themselves to the program, the income potential is virtually unlimited. We don’t put limits on the number of deals you can produce. That’s entirely up to you. It’s not uncommon for a real estate beginner to make thousands of dollars on their very first property. Your earnings will be directly related to your efforts, desire and work ethic. Will I be under any financial obligation by doing a joint-venture with a private investor, or an assignment of contract deal with Ameraco? Absolutely not. With an approved joint-venture deal, the investor covers all the expenses as their contractual responsibility. This includes everything…acquisition costs, renovation expenses, insurance, appraisal fees, permits, any legal fees, everything. And, with an assignment of contract deal, Ameraco simply buys your good deals for cash. What does it take to become part of the property acquisition team? It starts by being fully committed to your real estate training and education. Ameraco’s advisors are very selective with whom they choose to mentor since their financial success is only achieved by making their associates successful. Ameraco also has a vested interest in your success, since we are spending considerable time and resources getting you properly trained. Therefore, to become part of the Ameraco team, you’ll need to demonstrate your commitment to the program with hard work and an honest effort. Those are your best guarantees for success. |
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