It is our opinion that, even though opportunities are difficult to find, Hanover’s partners, with their twenty (20) year network of brokers and relationships, are able to find and negotiate profitable real estate deals for our members.
Hanover has access to deals that give investors 30 months of paid expenses, allowing for a stress free/worry free investment.
This is one of the main reasons that NCO and Hanover Companies have decided to merge their interests and form NCOH Club, LLC.
As a member of the NCOH Club you will:
Have access to investment deals all over the country
Have access to professional consultants providing extensive insight and financial information for each respective location
Community
Last, but certainly not least, NCOH will provide a strong community in which the members are empowered by both management and other club members.
Depending on the level of involvement, investors will have first access to up and coming deals, and will even be able to request certain areas for investment.
Through this community, NCOH will be able to effectively meet each investors needs. We want every member to feel like they have a say, and feel like they are in the loop at all times.
All members will have our full commitment to their success.
There are many moving parts that go into a real estate transaction. This is why the goal of NCOH is to simplify the entire process, making our investors’ experience one that they can enjoy, during the process and after they close!
Here is simple breakdown on how a typical investment with NCOH will go.
Qualification
Search
Investment
Exit Strategy
Investment Process
Qualification: Once a member decides they want to embark on the search for the perfect investment(s), an NCOH consultant will take the necessary steps to qualify the investor. This step is always the first, and is the most important as we realize everyone’s time is important. If a member doesn’t qualify, we will refer them to credit specialists who can assist them with their credit weakness, and get them to a point at which they will qualify.
New Members:NCOH Club is open to all investors that qualify FREE of charge.
Platinum Members: Once a NCOH Club member purchases their first investment unit, they qualify for Platinum membership. This allows the investor to have the first choice of unit selection in our new projects. Platinum members also have FREE access to our Expert Speaker webinar series.
Search: Every investor/member is unique and will have different goals, both financially and personally. It is the job of the NCOH consultants to find an investment that best accommodates these goals. Whether it is location, price, taxes, etc…we always perform our due diligence and place our members’ best interests first.
Investment: Once the investor has found their property of interest, NCOH will handle the process from contract to closing. We have relationships with many top tier lenders across the country and are able to provide our members with aggressive loan programs. Members can expect to put down earnest money of 5% and invest a total of 10% for most deals.
After the closing and if our member chooses, Hanover will sign a lease agreement, becoming the tenant for the respective member. The lease will cover the member/investor’s mortgage, taxes, and assessments for a 30 month period. Hanover will also be responsible for the management and any other maintenance related fees that come up during that 30 month period. Please refer to a pro forma to see how the properties tend to perform over a five year period.
All of NCO H Club's Real Estate Investment Properties come with the option of our "Total Leasing Program" - giving you a full rental income for up to 30 months and leaving you CASHFLOW POSITIVE on a monthly basis to cover:
100% of your mortgage payment,
100% of your property taxes,
100% of your homeowner association fees and dues,
100% of your management fees,
100% of your maintenance costs,
100% of your utilities
Exit Strategy
Sell: Depending on the market conditions, an investor may choose to sell after the first two years expire. The benefit of working with Hanover is that we strive to only take projects that are at least 60% owner occupied and at least 70% sold out. By doing this, we do not leave our own investors in a situation where they are left selling amongst many other investors, which would drive the potential sale price down.
Rent: During the first two years, Hanover will be 100% responsible for renting and managing each investor’s unit, free of charge. However, for every development, we plan to keep management on site for those investors who choose to find a yearly tenant, and keep renting/managing their unit at normal management costs.
Because of our experience on the management side, most unit owners, who decide to keep renting, will if they wish, most likely already have a tenant the day the third year begins.
Vacation Rent: Most of the areas that we operate in will allow for unit owners to take the route of turning their unit into a vacation rental. This will maximize cash flow for the investor and allow them to use their unit personally throughout the year.
It is our opinion that, even though opportunities are difficult to find, Hanover’s partners, with their twenty (20) year network of brokers and relationships, are able to find and negotiate profitable real estate deals for our members.