We understand the needs of
real estate investors.
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Our professionals have entensive knowledge of many different investment property loans and investment real estate financing techniques. We also understand that no two deals are the same. Put our expertise to use to help put more money in your pocket!
I often see with both new and seasoned investors, setting up loans on 15 and 20-year terms. Their goal is to get the houses paid off early to use the equity to purchase with all cash or enjoy their retirement as early as possible! That sounds like a great plan, but what are you going to do when you have a couple of unemployed renters that don't or can't pay the rent or you have trouble renting in a slow economy and you are vacant for a few months or more? You are stuck paying the 15-year payment. You will wish you had trusted yourself to pay as if you had a 15-year term when the funds were available to do so and left yourself the option to pay the 30 year payment or an option arm interest only program. These types of programs are designed to the investor's advantage for both long-term AND short term goals.
Don't let the unknown prevent you from taking positive action. The best way to conquer the unknown is to make sure you know all of the options available to you. Let us help you maximize your cash flow and profits! Let us help you structure the financing of your real estate investments to meet both your current resources and your future goals.
We love investment property loans, and work with many lenders who also love investment property loans. We can match you up with the product with the best ROI and/or the best cashflow. Let me reiterate, we want to make your deals work and we want your deals to be profitable. In fact, we work with one lender who will finance up to 20 properties at a time from the same investor!
Not quite ready to take the plunge by yourself? We can help you find willing investor-partners, and/or assignees for your deals. We can also show you how to find additional funds for improvements, rehabbing, cashflow, etc. A true one stop source for all of your investment real estate financing needs. Call today and ask for Jason. He will be happy to just talk with you about a deal, or even help prepare a specific scenario to maximize your profits!
DEALS GONE BAD!
Most contractors are honest, but assume that no one is. As Ronald Reagan said, "Trust but verify". We recently had a client who was asked by her contractor to pay some the labor costs upfront. He had already done 50% of the work, seemed honest enough, work was acceptable, so why not. She not only paid him some of the labor costs, but also had given him some gift cards at Home Depot to help pay for his supplies and materials.
He ended up taking some of the supplies back to the store, spent the labor costs and after weeks of trying to contact him, she found him in jail, which is where he belonged anyway. The problem is she had to take an additional $8500.00 out of her pocket to finish the repairs. She is having to refinance it at 95% to get her cash back out. Fortunately, she is still going to cash flow. That is an expensive lesson learned for her and a free one for the rest of us. Take heed and know that this can happen to any of us.
TIS THE SEASON FOR FORECLOSED PROPERTIES!
Now is the time to be making offers! Banks are desperate to get rid of their properties. If they have foreclosures on the books, that is less money that they are able to loan out the next year. They are really willing to dicker, so take advantage of the opportunity. Also, don't forget to ask them if they have other properties in the area they are looking to sell as a package. Many times they are able to come off the price more on a different house, that combined may make your deals work.
As always, if you find a good deal and can't come up with the cash or don't feel you are credit qualified - CALL US! If we can't help you fund it on your own, we can find you a partner. Don't let deals slip by because you don't think you have the resources.