We Buy Houses, and Create Future Homes …
WHY
TUSCANO
Acquisition Strategy
Acquire properties substantially (30-50 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
Buy, Rehab & Sell
This allows us to make strong ROI’s for our Private Capital Investment Partners (PCIPs) while improving neighborhoods & communities.
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 PCIP’s.
Buy, Rehab & Hold as Rental
This allows us to make strong monthly cash flow and equity appreciation for our PCIP’s while providing safe, clean, & affordable housing by focusing on Section 8 and other programs.
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 (online & in-person. Establish local market teams of realtors, title companies, attorneys, contractors, property managers. We acquire properties according to exit strategy. 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 Private Capital Investment Partners (PCIP’s) 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’s predictable, asset-backed returns outside Wall Street volatility and do not know how to get to profitable real estate deals.
This allows you to diversify outside of your CD’s, Bonds, S&P 500, Dividend portfolios & private credit funds 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 strategy might make sense for you.
We talk with many people who are facing retirement stagnation, inflation erosion & idle cash. Put your money to work for you!
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 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 ROI in 3 months.
DEAL 03
Investment: 2,485
Market Value: 85,700
Sell Price: 35,000
Expenses: 3,692
Net Profit: 28,289
Capital Partner invested $6,711 to make $14,144 ROI in 3 months.
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 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, 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 played bank for 10 years, remain the deed owner until buyer pays it off, which we often do.
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, providing predictable, asset-backed returns outside Wall Street volatility with our capital partners, and providing safe, clean, affordable housing in multiple states and communities.