WHO WE ARE
- Second Chance Property Investments LLC is a real estate investment firm based in Metro Detroit, Michigan which focuses on buying distressed mortgage notes by using our Win-Win-Win strategy. We strive to provide a ray of hope to the struggling borrowers of the mortgages we purchase by being more flexible in giving them options to best meet their current and future financial obligations. We treat the borrowers of the mortgages we purchase with respect and the highest integrity possible.
- In other words, we treat them as human beings. In addition, we provide our investing partners a personalized investment strategy with an opportunity to increase the value of their portfolios faster and more consistently than the stock or bond markets provide. Also, we improve communities by keeping families in their homes that want to be part of and stay a part of the community they live in, which also raises the home values within their community. That’s our Win-Win-Win strategy at work!
TOGETHER, WE CAN HELP MAKE AMERICA GREAT AGAIN… ONE BORROWER AT A TIME!
Our Mission
To provide the borrowers of the mortgage notes that we purchase a great opportunity to get back on track so that they can stay in their home, while providing our investors with an above average return.
WHAT WE DO
We buy mortgages that are “underwater” by more than 90 days. Prior to purchasing, we do our due diligence and have a good idea why the borrower has not been paying their mortgage. This helps us know how best we can help them with their current situation and how we can help them keep their home and get on track.
We work with the borrower whenever possible to understand why they are not able to pay their mortgage. Working with our professional team, we work with the borrower to see if we can provide a solution that will get them paying again. If we are unable to reach an agreement, we start the foreclosing process.
We partner with other investors who have excess or underutilized funds available to put to work, or who are just looking to make a better return on their investment than they are currently getting, or they have a moral conscience and want to help those who need a little help and a light at the end of the tunnel.
“Coming together is a beginning, staying together is progress, and working together is success”
- Henry Ford
HOW WE DO IT
Directly Source Assets
We direct source distressed mortgages by using the relationships that we have built with banks, hedge funds, individual investors, and private equity groups. This allows us to purchase the asset at the best price possible. These assets may be purchased either as ‘one-offs’ or as a small pool of mortgages, depending on the quality of the assets, the discounts we can negotiate, and our Joint Venture Partner’s investment goals.
Thoroughly Evaluate Assets / Perform Due Diligence
Each mortgage is individually evaluated through at least six (6) different exit strategies to ensure that they meet the investment parameters of our portfolio or the specifications of our Joint Venture Partners. We are committed to performing the highest level of research and analysis to ensure the best position possible when purchasing each and every asset. We take our security, and our JV Partner’s security, very seriously!
Focus on Cash Flow
Buying and selling non-performing mortgage notes is the ideal investment strategy for people interested in truly passive cash flow, high rates of return, and an asset that is collateralized by real estate. We plan for various possible Cash Flow scenarios, however sometimes we need to architect the way the deal is worked out in order to maximize the overall cash flow.
Partner with Investment Partners
Buying and selling non-performing notes is the ideal investment strategy for people interested in truly passive cash flow, high rates of return, and an asset that is collateralized by real estate. We aggressively manage each investment, by working with our team, in order to maximize the Return on Investment. We pay our investment Joint Venture (JV) partners either an agreed upon fixed rate or we equally split all profits.