We Buy Houses, and Create Future Homes …

WHY
TUSCANO

Acquisition Strategy
Acquire properties substantially (20-30-40 percent) below market value, sometimes less than BUT never more. We are focused on Tax Deed properties in multiple states and multiple counties within those states.

Exit Strategies

  1. Buy, Rehab & Sell

    • This allows us to make strong ROI’s for our Capital Partners while improving neighborhoods & communities. We acquire properties under Tuscano Properties LLC.

  2. Buy, Rehab & Hold as Rental

    • This allows us to make strong monthly cash flow and equity appreciation for our Capital Partners while providing safe, clean, & affordable housing by focusing on Section 8 and other programs. We acquire properties under CEM Homes LLC.

  3. Buy and Sell As Is

    • Where things do not make sense for our buy box above, we will flip it to local Rehabber, providing quick yet strong ROI for our Capital Partners

Underwriting

We leverage systems, processes & templates from veteran Real Estate Investors with 25-40 years of experience. We obtain various state and county lists of delinquent state taxes. Understand the various state & county laws & rules around these. Distill lists down to properties we want to do more research on. Evaluate the market value, overall condition of property, what rehab costs would be and what our Maximum Allowable Offer is. We learn how to work the auction systems. Establish local market teams of realtors, title companies, attorneys, contractors, property managers. We acquire properties according to exit strategies above. Perform list of things to do day you acquire property. Rinse & repeat.

Become a capital partner

Although we invest our own funds, we also strive to work with Capital Partners so we can do more and share the wealth with those that do not have the specialized skills we have mastered.

Many people focus on real estate as an investment strategy and many others are not aware of the power of real estate providing consistent strong double-digit returns and do not know how to get to profitable real estate deals.

This allows you to diversify outside of your 401K and CD’s to strengthen your retirement strategy putting your money to work for you.

If interested in learning more about how you might become a capital partner with no obligation, provide your contact details here and we will set up a time to share information about how this low risk /high return strategy might make sense for you.

You may also review sample of deals to see what we acquired assets for, what we put into asset from a rehab standpoint and the net profits earned.

DEAL 01

Investment: 7,710

Market Value: 90,100

Sell Price: 63,070

Expenses: 5,044

Net Profit: 50,316

Capital Partner invested 12,754 to make 25,158, a 200% ROI in 3 months

Deals

DEAL 02

Investment: 2,486

Market Value: 86,000

Sell Price: 60,000

Expenses: 3,692

Net Profit: 53,822

Capital Partner invested 6,178 to make 26,911, a 435% ROI in 3 months

DEAL 03

Investment: 5,289

Market Value: 101,700

Sell Price: 13,000

Expenses: 725/month

Net Profit: 46%

Invested 18,289, in 25 months the tenant has paid that off and the asset is owned Free & Clear and we are providing safe, clean affordable housing, chipping away at the 4 million housing shortage in America.

DEAL 04

Investment: 6,309

Market Value: 73,541

Sell Price: 44,124

Expenses: 4,412

Net Profit: 33,403

Tuscano invested 10,721 to make 33,403, a 311% ROI in 3 months

DEAL 05

Investment: 94,000

Market Value: 2,256,000

Sell Price: 658,000

Expenses: 32,900

Net Profit: 531,100

This was 188 fully improved vacant lots, we invested $500 for each, developer was selling them retail for $12,000, we decided to sell them for $3,500. We could have also financed lots with down payment and amount per month for 10 years and remain the deed owner until buyer pays it off – if they don’t, we quit claim to take over.

Mortgage Notes

On projects where we buy, rehab and sell the property, we often carry the mortgage note under Summit Note Partners LLC, stepping in where traditional banks would, using a recorded Deed of Trust and Promissory Note.

Summit Note Partners is a national group of seasoned real estate experts with over 40 years of combined experience. By gaining insights through numerous market cycles, our extensive background has forged the exceptional service our clients receive today.

We specialize in buying a diverse range of assets, including performing, non-performing notes in both residential and commercial.

Our experts have the knowledge and resources to analyze each note’s unique qualities to provide you with an accurate offer. Our goal is to make the note-selling process as easy and seamless as possible.

Find Out What Your Note is Worth!

Hi, I’m JOE.

My name is Joe Morrone. I am first, a proud father of two very special daughters and grand-father to my youngest daughter’s son.

I began my career at Price Waterhouse (Big-8), followed by my entry into sales with pioneering 3D diagnostic imaging technology for sports teams, facilitating the swift return of athletes like Joe Montana.

Transitioning to entrepreneurship, I ranked among the Top 10 commercial producers at Farmers Insurance Group for 6 consecutive years. Following the sale of my agency, I ventured into the software space within technology, forging strong relationships with leading global system integrators, contributing between 28% to 30% of total revenues for various software company startups.

I stepped into real estate, being trained by different people with 25-40 years of successful experience and today my focus is acquiring real estate at substantially below market values, sharing profits with our capital partners, and providing safe, clean, affordable housing in multiple states and communities.