The foreign investor program is run exclusively through 10PointsPro. Our goal is to open up the real estate investment landscape in the United States to more foreign investors in Africa, Asia and other parts of the World by providing the ease of doing business in one of the most prestigious markets in the World.

Prior to this day and age, 10PointsPro served the international investor community; most of whom paid full cash for the properties that piqued their interests due to the inaccessibility of loan facilities for non-immigrants. These investors hailed from notable countries within 5 continents Africa, Asia, Europe, North America and South America and had the desire to purchase more properties if financing were possible. 

Banks had always needed some level of comfort and reassurance from the investors purchasing properties through them who had no formalt­ ies (such as citizenship or residency status) in the United States ofAmerica. However, the launch of our foreign investor program has now re­ defined the way investors purchase property in the United States of America. 

The benefits of the Foreign Investor Program are extensive and undeniable and we would be looking at a few of them below. 

  • Investors now only get to put down 30% equity injection as a down-payment (rates are determined and locked through independent loan of­ ficers) while they obtain a conventional loan to purchase the property.
  • The property serves as collateral for the bank while the investor makes the monthly mortgage payment using the rents received on same property. Rates are typically between 6 & 8% while 10PointsPro also assigns you an agent to view each property via zoom or whatsApp video prior to making a decision on which to purchase.
  • In most cases the 30% equivalent may not translate to the amount of funds needed to purchase a property in the various home countries of the populations we serve. 
  • This essentially means, no documentation necessary besides a passport bio-data page and one-month bank statement.
  • You also get to close on the new property at the nearest U.S Embassy in your home or your next of kin to close on your behalf in the United States if you are unable to physically come in for the closing.

The Step By Step Process

Find a perfect place for you.

Step 1
indicate interest in program
Step 2
A client service representative reaches out to you and sets up appointment with our US officefor a no - obligation consultation
Step 3
A zoom one-on-one meeting is scheduled with our us office.
Step 4
Agreement drafted sent& signed
Step 5
Set up free consultation with an attorney to advice on remittance & documents ratification
Step 6
A $500 commitmentI & administrative fee paid. This ensures our time and yours, is not being wasted.
Step 7
Search process begins with 10PointsPros setting you up to receive listings and previews properties, on your behalf.

10pointsPros have a very tedious and cursory process for ensuring that all loan terms and conditions are strictly adhered to whilst securing our investors funds and expected return on investment.

Every Application is reviewed on a case – by – case basis and handled by individual loan account managers in a process as pictorially summarized

We have carefully analyzed the market needs as regards property buyers and tenants and our lending criteria is as follows:

Step 1
30% down-payment in a domiciliary ac­count (USD) in a federal recognized bank in Nigeria.
Step 2
Copy of passport bio-data page needed and bank statement
Step 3
Investment property selection through 10PointsPro
Step 4
Escrow agreement with the attorney
Step 5
Third party appraisal on the property done by the bank
Step 6
Closing date picked

HOW WE GET YOUR MONEY TO WORK FOR YOU

Once the property has been picked, 10PointsPro advices that an inspection be conducted, also the bank will conduct an appraisal. The average cost for an inspection is $500 while an appraisal will cost another $600 for a combined $1100. Pricing varies based on the size and location of the property. if there are any repairs to be done on the prop­erty, our investment home renovation unit 10points Repairs ensures this is done through our experienced contrac­tors Our marketing services at 10PointsPros enables visibility to prospective clients and a group of licensed real estate agents. The listings are syndicated to top realtor websites like Zillow, Realtor.com, Redfin, Trulia, Apartment.com and a host of others. Next, Luvanex rentals then takes up the property to ensure tenant placement services as well as property manage­ ment services are rendered in a timely and professional manner. Our screening process is transparent to ensure accountability and validate the integrity of our service to you. Tenants are vetted thoroughly as we conduct credit, background, employment verifications for any applicant on your rental property. We commit ourselves to delivering the best service by assigning one of our in- house real estate agents to handle your investment affairs and report back to you on an ongoing basis. We will then remit monthly rental income to your account.

QUALIFYING TENANTS

FOR YOUR NEW HOME

Employment Verification

Tenant must make 3 times the rent

Credit Check

Luvanex requires a minimum score of 585 to qualify for a property no evictions, bankruptcy, car repossessions within the last 3 years.

Background check

We weed out prospective cli­ ents who have criminal records & abusive histories

Rental history check

We verify with last 2 landlords on how they paid their rent.

FOREIGN INVESTOR FINANCING

The foreign investor program is designed to help international investors purchase prop­erties with as little as 30% down payment

Loan range: $100,000-$350,000

Purpose: To finance acquisition of investor property in Atlanta or Charlotte

Equity: 30% (minimum contribution)

Interest rate: 7-8%

Tenure: 10, 15 Or 30 years

Repayment: Monthly "from the proceeds of the rental property"

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INVESTOR CALL

we offer a lifetime opportunity to invest in real estate in the United states from as little as  $45,000. Interest rate are competitive and vary from 6% to 8% offering.

The returns on your investment are also estimated below. We would love to speak further with you on helping you build a portfolio of rental properties in the US.

Property Value ( scenario 1 )Down Payment @ 30% LTVLoan Amount @ 70% LTVInterest RateMonthly Payment (Principal + Interest)
$200,000$60,000$140,0008%$933 * non-inclusive of taxes and insurance
Property Value ( scenario 2 )Down Payment @ 30% LTVLoan Amount @ 70% LTVInterest RateMonthly Payment (Principal + Interest)
$150,000$45,000$105,0008%$700 * non-inclusive of taxes and insurance
Property Value ( scenario 3 )Down Payment @ 30% LTVLoan Amount @ 70% LTVInterest RateMonthly Payment (Principal + Interest)
$250,000$75,000$175,0008%$1167 * non-inclusive of taxes and insurance
Property Value ( scenario 1 )Monthly Payment (Principal + Interest)Estimated Minimum Monthly Rental Income Annual Rental ReturnsLuvanex Management Fee10%
$200,000$933 * non-inclusive of taxes and insurance$1,500$18,000$1,800 ($150 Monthly)
Property Value ( scenario 2 )Monthly Payment (Principal + Interest)
$150,000$700 * non-inclusive of taxes and insurance$1,200$14,400$1,440 ($120 Monthly)
Property Value ( scenario 3 )Monthly Payment (Principal + Interest)
$250,000$1167 * non-inclusive of taxes and insurance$1,750$21,000$2,100 ($175 Monthly)

Monthly payments only an estimate of principal & Inter­ est a separate quote will be needed to cover taxes and insurance on property. That could also be paid on an annual basis

HOA cost is dependent on type of property chosen and area. Luvanex primarily focuses and advises investors to buy brand new homes within their budget.

Capital appreciation is quoted at a conservative 3% rate per year till property caps out hence, a $200,000 Prop­ erty should be worth $218,000 or more in 3 years

HOW WE SECURE YOUR INVESTMENT

1
Your investment is secured by the property being funded.
2
The property being funded is insured for the duration of the loan.
3
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4
All monthly rent payments are remitted to investors by the 10th day of each month.
5
Mortgage can be paid off earlier than the agreed financing time  frame. You then attain full ownership of the property.

Invest in Real Estate And watch your money grow.

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