What do we do?
In 2005 we opened Vanguard Realty, a full service real estate brokerage company serving the Knoxville and surrounding areas. Our business is to buy and sell single family homes. We purchase our homes in Tennessee and Arkansas. We use investors’ money to purchase property at foreclosure auctions. In exchange for using their money we pay an agreed upon annual percentage rate. All funds are secured by real estate.

Firm profile
The company is a Tennessee S-corporation founded by Paul Chattaway in the spring of 2000. Throughout this time Paul has bought and sold over 100 single family homes. In 2005 he opened Vanguard Realty a full service brokerage company.

Why do we need investors money? Why not use banks and other lending institutions?
This is a question we get often. One reason: cash. In real estate cash offers get the best deals. Whether were buying from an auction, a financial institution, or an individual, cash offers usually win. We use investor’s money because we need the capital within 24 hours to purchase the property. Banks and other lending institutions cannot lend money that quick. They usually need to have at least 3 weeks to get their appraisal, title work and loan commitments approved. By that time someone else has already purchased the property.