What do we do when our investments burn down? Collect the insurance and sell off the lot, duh.
Note Purchase: $9,500 - December 2016
Workout: $4,866 Contribution from JV + $1,961.95 Contribution from AJA Investments
Insurance Payout: $20,000
Payout from Sale of Burnt out shell: $1,775.23
Profit: $5,447.28 (Split 50/50) $2,723.64 each
JV Payout: $17,089.64 July 2017
ROI: 18.9% in 6 month.
Annualized ROI: 37.9% to our JV
We had bigger and better plans for this asset. In fact, before it burned down we had a verbal offer of $40,000. That would have been a grand payday, but as the Rolling Stones sing, "You can't always get what you want..... You get what you need." We needed a profit. And we got one.
Need insurance for your investments? We like J.B. Lloyd and Associates. They've saved us a ton of money with lower rates and were quick with the check when it mattered.
J.B. Lloyd and Associates
What do we get out of this referral? We might get a lunch out of it. We refer them because compared to the other companies we have used, they have been friggin' awesome.