FAQ

 
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You Can Call Us Now Toll Free at (888) 643-0194 If You Would Like A Full Detailed Explanation of Our Program.

What’s the down payment needed for the purchase?

A. Under Fannie Mae and Freddie Mac guidelines the minimum down payment for investment property is 20% of the purchase price. Example: Purchase price of the property $120,000 x 20% = $24,000.

How is the program compare to traditional methods of buying residential investment property?

A. The Fortress Investor program compares very favorably against traditional residential real estate investment. Click Here to view comparison matrix. In a traditional purchase an investor would put the down payment of 20% plus have to fund the additional cost for renovation and repair. In most cases this expenditure is another $15,000 to $25,000, or more. At Fortress we take care of all the renovation and the risk associated with that. We also line up a qualified tenant that provides for a seemless transition and immediate cash flow for you.

What are the Qualifications?

A. The buyer generally needs a 680 credit score or higher and documented income. Click Here to get started today.

Are these houses in good condition?

A. Yes, every house will be in good, rentable condition – with a tenant already in place! We spend roughly $15,000 to $25,000 per renovation and after we’re complete we have the property inspected by a professional, licensed home inspector.

Will I get to inspect the property before I decide to purchase?

A. Yes, we will set an appointment at the property after we have completed any improvements/repairs, and you will be able to walk the property. We also provide you with a professional home inspection report and a one year home warranty.

How do I know I am buying the property with instant built-in equity?

A. We get a opinion of value from a licensed appraiser and pass that on for review. Typically, we are able to deliver our renovated, turn-key cash flow properties at about 80-85% of retail price, so they have roughly 15%-20% of built-in instant equity. So on a property that is for example worth $200,000, your purchase price might be $162,000. Escrow is opened at the title company, and the bank’s appraiser will receive a copy of the $162,000 purchase contract. Please note that we have found that appraisers will typically not appraise a property for much more than the stated purchase price, even if the comparable sales support a much higher price, as they apparently don’t want the seller or the bank to think the property is being sold significantly below market value.

Does Fortress screen tenants?

A. Yes, we require a rental application to be completed by the tenants, and we will call the references and run a background check against the State of Arizona DPS database of sex offenders along with a criminal background check. We also collect a security deposit, which will be transferred to you when you refinance the property.

What if the tenant breaks his/her lease and leaves soon after I buy the property?

A. This rarely happens, but for your peace of mind, Fortress guarantees the rent for 3 months after the purchase. If the tenant moves out before the 3rd month following your purchase of the property, we will pay you for that lost rent during those first 3 months. For instance, if your tenant’s monthly rent is $1,200 and they move out after paying the first month, Fortress will pay you $2,400 to cover the next 2 months. You also get to keep the tenant’s security deposit. Click Here for sample Rent Guarantee Certificate.

How do I get started?

A. First, you will want to get pre-qualified to participate in the program. Typically you will need a FICO score of 680 or better, along with documented income. Many investors are able to buy multiple investment properties, up to 10, through this program. If you would like to Get Started please fill out the form below.

Sign Up Right Now to get a FREE “Fortress Gold Getting Started Package” INSTANTLY! In this package you will discover how you can build roughly $648,000 to $1,200,000 in instant equity and keep tens of thousands of dollars in your pocket. You will find an Arizona Market Report and learn why Phoenix is one of the best cities in the nation to buy real estate. We will also give you a step by step breakdown of a sample transaction in detail! We are confident that after you read this package you will fully understand our program and the difference between a traditional real estate investment and the Fortress Investor model.

The Bad News is — we have limited inventory and we are only signing up a handful of investors, so make sure you are one of them…