Mass Consumption LLC
Mass Consumption LLC is a Limited Liability Company that allows Real Estate Investors the ability to obtain foreclosure, REO and rehab projects. Many investors are unfamiliar with buying foreclosed units and may need time to view a property in order to make an informed decision. In many cases, desirable units are under contract within hours or even minutes of release. Mass Consumption, LLC has the ability to acquire rights to some of the most desirable properties due to its unparalleled presence and esteemed reputation within the foreclosure marketplace. Due to the tremendous demand for these types of properties, Mass Consumption, LLC will acquire rights to the property on behalf of their investors. Investors have several funding options, however financing these properties can be extremely tricky.
Mass Consumption, LLC will allow Real Estate Investors the opportunity to use a Cash Offer to purchase Foreclosures or Investment Real Estate. Our Cash vehicle is a $1,000,000 Commercial Line of Credit that has been provided to Mass Consumption, LLC and it's Investors, by First Choice Bank. Commercial Credit lines require collateral, guaranty and subsequently cause the guarantors to incur significant costs. Cash offers have become common in the industry and finance contingencies are not allowed in many cases. Cash offers also provide Investors another bargaining chip with regard to pricing of investment properties. In many cases, cash offers are accepted at lower prices when competing with financed offers.
These transactions are highly progressive within the industry. Mass Consumption, LLC provides a certified proof of funds for bidding purposes and may partner in the financing of Foreclosures and Investment Real Estate. As there are administrative, legal, accounting and state filing costs associated with the Line of Credit; Mass Consumption, LLC incurs significant costs and risk. Subsequently, Mass Consumption, LLC requires reimbursement for the use of funds from their line of credit and the purchase of an Individual Series of the company.
Mass Consumption LLC, is a Series LLC. A “Series LLC” allows investors the ability to seamlessly use our line of credit with their own “Series”, which is limited to the particular property they own. Each Series is a separate legal entity with an individual tax id, that owns 1 property. It is the opinion of Mass Consumption LLC and its members that having an individual “Series” for each Investment Property is a great means of limiting liability between properties.
***Consult an attorney with regard to legal liability***