Case Studies
Dreamteam Realty, Inc. (Real Estate Broker)
Sourcing and Closing Short Sales in Urban Markets
Challenge
A real estate agent specializing in urban markets struggled to find viable distressed properties amidst fierce competition and limited inventory. Identifying and securing profitable short sales required extensive research and networking.
Solution
CloseAbility’s advanced search filters and market analysis tools allowed the agent to pinpoint undervalued distressed properties in specific urban neighborhoods. The platform’s direct connection to Equator provided early access to listings before they hit the open market.
Results
The agent sourced and closed three short sales in a highly competitive urban market within a single quarter, generating a total commission of $45,000. CloseAbility’s tools significantly reduced the time spent on property research and increased the agent’s short sale flow.
Abandoned Homes Project (Hedge Fund)
Community reinvestment meets ROI
Challenge
An investor wanted to revitalize distressed properties in underserved communities while achieving a strong return on investment. Balancing social impact with financial goals required careful property selection and efficient project management.
Solution
CloseAbility’s platform provided data-driven insights into specific neighborhoods, identifying properties with high potential for renovation and resale. The platform also facilitated connections with local contractors and community organizations.
Results
The investor successfully renovated and sold two distressed properties in a target community, creating affordable housing options and generating a 20% ROI. The project also received positive media coverage and strengthened the investor’s reputation.
inspired living realty (investor)
Feeding the BRRRR
Challenge
A real estate investor specializing in the BRRRR strategy needed a consistent pipeline of distressed properties suitable for renovation and rental. Finding properties with the right characteristics and negotiating favorable purchase terms was a constant challenge.
Solution
CloseAbility’s platform streamlined the property acquisition process by providing access to a wide range of distressed listings and automated valuation tools. The platform also facilitated direct communication with banks and mortgage servicers, enabling faster negotiations.
Results
The investor acquired four distressed properties within six months, successfully implemented the BRRRR strategy, and increased their monthly rental income by $5,000. CloseAbility’s platform significantly accelerated the investor’s portfolio growth and improved their overall profitability.
Abandoned Homes Project (Hedge Fund)
Streamlining Due Diligence
Challenge
A hard money lender needed to quickly assess the risk and potential return of distressed properties to make informed lending decisions. Traditional due diligence processes were time-consuming and lacked the necessary depth of information.
Solution
CloseAbility’s platform provided instant access to comprehensive property data, including title reports, lien information, and market comparables. The platform’s automated valuation tools helped the lender to quickly estimate the property’s value and potential resale price.
Results
The hard money lender reduced the due diligence process by 50%, enabling them to fund more short sales and increase their overall lending volume. CloseAbility’s platform also helped the lender to identify and mitigate potential risks, reducing loan defaults.
inspired living realty (investor)
Expediting Title Clearance
Challenge
A real estate lawyer specializing in distressed properties faced significant delays in clearing title issues due to complex legal challenges and bureaucratic hurdles. These delays jeopardized short sales and frustrated clients.
Solution
CloseAbility’s Equator integration provided direct access to bank and servicer records, enabling the lawyer to quickly identify and resolve title defects. The platform also facilitated communication with relevant parties and streamlined the documentation process.
Results
The real estate lawyer reduced the average title clearance time by 30%, allowing them to close more short sales and increase their revenue. CloseAbility’s platform also improved client satisfaction and strengthened the lawyer’s reputation as a specialist in distressed property law.
Dreamteam Realty, Inc. (Real Estate Broker)
Maximizing Asset Recovery
Challenge
A bankruptcy trustee needed to efficiently manage and liquidate distressed real estate assets to maximize returns for creditors. Identifying undervalued properties and streamlining the sales process were critical.
Solution
CloseAbility’s platform provided a comprehensive overview of the distressed property market, enabling the trustee to identify properties with the highest potential for recovery. The platform also facilitated online auctions and streamlined the sales process.
Results
The bankruptcy trustee increased asset recovery rates by 15%, generating significant returns for creditors. CloseAbility’s platform also reduced the administrative burden on the trustee and improved the efficiency of the bankruptcy process.