About
Who We Are
Nobareq LLC began two years ago as a company that buys distressed homes. We’re former realtors with a ton of experience with flipping homes for a profit. At the same time, we buy distressed homes and pay reasonable prices for them. The best part is that we’ll pay you upfront and in cash. You also don’t need to hire a realtor or do any repairs.
NobareQ ” No Banks Required” is a value to the community. Our services is as follows:
1) NobareQ will provide the reinstatement money for houses in preforeclosure with equity. We get the houses under contract, run a title search, get a reinstatement amount from the bank.
2) Houses that are over leveraged. NobareQ will submit a short sale packet to the bank and buy the house with cash if approved. Then we will make needed repairs to get the house back on the market and sold outright or under owner financing.
3) FSBO’s NobareQ will make an offer not to exceed 80% FMV to buy the house subject to. If there is equity in the home, we will give the owner a no interest note for his equity, or ask them to take a discount for cash.
4) REO’s NobareQ will also buy houses at auction, and sell these houses to any credit buyers with a substantial downpayment.
Our Mission
The advantages of using NobareQ is many. Our service is unparalleled in the marketplace. First we are educating the consumer. Buying properties subject 2 is somewhat complex, and involves a lot of moving parts so most investors won’t bother. NobareQ will even provide the reinstatement money, and negotiate the short sale with the bank. Lawyers will do this for a fee, but NobareQ wants to buy the home so our service is not fee based. NobareQ wants to put people in homes. We will work with them to repair their credit so they can eventually buy us out in 2 years with conventional financing
Problem & Solutions
Problem Worth Solving
I drive through different parts of neighborhoods and I ask myself; Why are these homes bordered up? Why are these homes vacant? I drive around the neighborhood and I see plenty of different realtor signs, but where were the realtors when people needed help?? Why didn’t they help these people with their problem, and prevent this house from being boarded up?? I started looking for an answer to this problem. I’ve attended numerous real estate seminars. Self-Education by the purchasing of books and other media to gain knowledge. Every real estate guru out there most likely know me lol. I found the answer to the problem!! I attended a well known real estate investment seminar in Houston last year. I had no idea that you can buy real estate subject to the existing loan. BINGO!! That was the solution. I’ve been an avid fan of creative real estate since the 80’s. I bought a late night infomercial program, never implemented it like I wanted to but the education was excellent. Buying houses subject to the existing loan would have solved the problem of these people going into foreclosure. The beauty of it is everyone wins!! The banks win, the people win, the neighborhood wins, and the investor wins. Now that I’ve bought the house, what is the next step? The other problem is the conventional lending guidelines. In today’s connected world, people are leaving jobs, and finding new jobs everyday. In order to buy a home banks want to see a minimum of 2 years employment on a job. Solution, I can sell the house on a lease with the option to buy, or on owner financing. Thus giving these people that can’t buy a house through the traditional channel a pathway to home ownership. Businesses that provide a product or service that’s needed in the marketplace will succeed! That is what I’m going to do.
Our solution
NobareQ ” No Banks Required” is a value to the community. Our services is as follows:
1) NobareQ will provide the reinstatement money for houses in preforeclosure with equity. We get the houses under contract, run a title search, get a reinstatement amount from the bank.
2) Houses that are over leveraged. NobareQ will submit a short sale packet to the bank and buy the house with cash if approved. Then we will make needed repairs to get the house back on the market and sold outright or under owner financing.
3) FSBO’s NobareQ will make an offer not to exceed 80% FMV to buy the house subject to. If there is equity in the home, we will give the owner a no interest note for his equity, or ask them to take a discount for cash
