The Company
Vulture Income Properties, LLC (”VIP”) is a limited liability company created to purchase single-family residential homes located in southern California cities. These homes have been foreclosed upon by banks, and are now being held by these banks (called “repos”). These Banks DO NOT wish to carry them as non-performing assets on their own balance sheets, and are therefore anxious to sell these distressed properties at a greatly discounted price to their last sales price (as low as 30 cents on the dollar).
“VIP” buys these attractive homes at these huge discounts, and then returns a high percentage rate of return to individuals who wish to lend VIP the money to purchase and rent these homes. It is proving to be a “high return relationship” for all concerned!
