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foreclosure financing: Critical information for rehab projects and flips - 05/30/12 06:25 AM
More profit, less risk, fewer hiccupsImportant tips for REO rehabs and flips
In my experience 2,3,4 family properties have the best risk-reward ratio, the best profit potential iow. Aquisition prices tend to be lowest, and rental incomes offset monthly interest, insurance, and tax expenses. Avoid profit erosion/losses by leasing properties at the earliest earliest opportunity - even if you plan to sell. Sales can take a long time. (See #1 above). 2,3,4 family properties work best for rehab loans, resale, and refinance to a home loan. (See #1 above). With the exception of the FHA 203K (owner-occupied only) there are basically no home loans … (0 comments)
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foreclosure financing: Project# 6314938 - Mortgage-secured REO investment - 04/30/12 05:44 AM
Here is a current investment summary. As always, a quick response is needed.
Project term: 4-6 months. Purchase and renovation, 2-family property NJ 07108 Funding requirement is 93% of cost, representing 45% of After Repair Value (ARV) Exit: Refinance Projected annualized ROI: 58.6% Investment, and profit share, and interest, are secured by:
1. First mortgage; and
2. Developer company shares (the ownership of the property essentially, avoiding the need for foreclosure in the event of default)
Download the Investment Summary
Let me know right away, if interested. I will send you the information package when available.
Review "Safe & Smart REO Investing"
… (0 comments)
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foreclosure financing: REO investments: What's new? - 03/29/12 10:45 AM
Housing markets are picking up a little, and lenders are liquidating more properties.The occurrence of both of these phenomena serves us very well: More opportunities of course, and re-sales of repaired properties become more viable.
The projected ROIs are strong, mostly in the 30-50% range.These returns are achieved with mortgage-secured investments that rarely exceed 60% of the after repair values. Truly amazing! This will not last forever, but for now we remain faced with what I believe are the best (high return/low risk) real estate investment opportunities of a lifetime!
Renting the properties out, followed by a quick refinance remains the … (1 comments)
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foreclosure financing: Do Fix & Flips with our money - or your money... - 01/15/12 12:42 PM
We are still faced with the best real estate opportunities of a lifetime. As sad as it is to say, the economic malaise continues to serve us very well. My investment group is interested in funding
highly profitable (fix and) flip projects - up to 100% of hard cost.
INVESTMENT CRITERIA
Our investment criteria are as follows:
1-4 family properties only. (2,3,4-family preferred) Preferred investment size: $20K-$100K ($200K max) NJ, NY only ARV (After Repair Value) of at least 150% of hard (purchase and rehab) cost Cross-collaterization on other properties considered.
If you are interested in:
Fix & Flip project funding, go here for … (1 comments)
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foreclosure financing: Mortgage-secured fix-flip investment: 22% profit share and 12% interest - 07/08/11 05:14 PM
Here is a current investment summary. As always, a quick response is needed. Please let me know if interested:
Mortgage-secured fix-flip investment. Purchase and renovation of 3-family property. Location: NJ 07111 Estimated project time: 4 months Funding requirement is for $80,000, or 39% of After Repair Value (ARV) Investor projected return: 22% profit share, plus 12% interest: $21,500 total. Minimum participation: $10,000.00 Go here to download the Investment SummaryGo here to review the "Smart Fix-Flip Investing" information.
Regards,
-Paul___________________Paul LuykxLX Financial LLCPh: 201-918-5443Ph: 800-405-0676Fx: 866-839-1337pluykx@lxfinancial.comhttp://www.lxfinancial.com/
… (0 comments)
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foreclosure financing: Buyers bypass the traditional mortgage process - 06/28/11 09:19 AM
Keep your eyes on alternate financing options. There is now a clear trend. Two types to keep your eyes on: Portfolio loans, and mortgage-secured investment (investors who will provide financing and get interest PLUS profit share, mostly for fix and flips). - Paul Buyers bypass the traditional mortgage processFannie Mae chief economist Doug Duncan believes cash purchases of homes will continue at "quite high levels" for the rest of this year as investors and even some homebuyers bypass the traditional mortgage process. Read.Mortgage-secured investmentsThe trick is buying for a good price AND being able to sell at a below market price AND being able … (1 comments)
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foreclosure financing: FHA limits to decline - Don't worry, be wealthy - New finance options - Market fundamentals - 06/05/11 09:42 AM
There are two types of financing to keep an eye on: Portfolio loans that offer unique, common sense lending criteria. (Last week I told you about pledged asset loans and no PMI, both to 90% LTV). There are many developments on the horizon that may have a drastic, positive impact. Stay tuned. The second type is mortgage-backed investment, cash investors basically who are willing to finance someone else's investment in return for a share of the profit. Currently used primarily for fix-flips, I see broader application. I'll keep you posted. - Paul
FHA loan limits to decline. FHA loan limits will likely … (0 comments)
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foreclosure financing: For those who have the means to "press forward" - 05/22/11 07:53 AM
In 1843, my favorite magazine, The Economist, said we have "a severe contest between intelligence, which presses forward, and an unworthy, timid ignorance obstructing our progress"
This couldn't be more timely if it were written today - and about our real estate market. There are a lot of people who are paralyzed with fear when it comes to making real estate investments now, and that's reasonable. A standard real estate investment can be very risky right now with the instability of housing values.
But for those who have the means to "press forward" through this and look for ways to still make money in the … (0 comments)
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foreclosure financing: Mortgage flip rules - Why qualifying income & 640 score are not enough - 05/15/11 12:47 PM
Mortgage flip rules do not need to nix any sales! Just make sure you verify the lender's rules and be prepared for some additional processing requirements. See below. /// Qualifying income and a 640 score are no longer enough. I actually think it's good news. See below. /// Make it a good week folks! - Paul
Mortgage rules for flipsFlipping rules apply when the seller acquired the property in the last 12 months. Double or concurrent closes are not allowed. The owner must be the seller. For a quick flip financing quote go here.
There are industry standards, and lenders add their own unique … (1 comments)
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foreclosure financing: Homepath reno loans - Credit refresher - Why REO rehabs are cheap, and tough to buy - 05/07/11 09:55 PM
We offer Homepath renovation loans. Prospect is a national Top 5 lender for FHA 203K loans and Homepath loans. We now also offer the Homepath renovation loan. See below. /// I am still waiting for the launch of a new construction/rehab program. Without it REO rehabs remain super cheap, and also tough to buy. See below. /// Contact me for expert service. I'm open for business! - PaulHomepath renovation loanHere are the highlights. Also note the current incentives offered.* High LTV: 97% financing available for O/O SFR properties* Loan amount is based on the as-completed value or purchase price and improvements, whichever is less* Renovation funds are included … (0 comments)
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foreclosure financing: Fix and Flips is where the money is. And not the risk! - 04/28/11 06:31 PM
Fix and Flips is where the money is. And not the risk!Check out my online presentation at the LX Financial website. It makes the case for it, and it shows you how you can take advantage of it as low-risk investor, realtor, developer, end-buyer. /// Rate are down a bit, and that's not a bad thing. /// Don't forget about the Homepath buyer incentives. /// It's a tough market, and there are also great buys out there! - Paul
Rates fall, home sales riseCONSUMERAFFAIRS.COM - The news from the real estate market today was mostly good, although it's not clear how meaningful any of it … (1 comments)
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foreclosure financing: Smart fix and flip investments - 04/09/11 06:58 PM
We look for low risk, reasonable returns, and no complications. The real estate market may be "bad" at the moment, but for our type of investments conditions are "excellent"!
• Our developers buy 1-4 family properties at rock bottom prices, and rehab them with lightning speed.
• The homes are re-sold to end buyers at below market prices, or bank re-financed as revenue property.
• Our first mortgage secured investors earn 8-12% interest, plus a 3-6% profit share every 2-6 months. We invest in every project ourselves.
• To receive listings of current investments go here to subscribe.
• If you … (0 comments)
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foreclosure financing: 203K direct lender - 1 in 3 apps declined - HAMP laswuit - REO finance+investment - 04/08/11 06:07 PM
As many as 1 in 3 applications are declined, so says the Fed. My average definitely better :) but the fact is that the current maze of regressive rules is a real challenge - and risk-based pricing makes getting the best rate difficult to attain. More info. /// It's about time! A homeowner is suing her loan servicer for denying a HAMP modification alleging they never had any intention of permanently modifying her home loan payments to an affordable amount despite having her make a slew of trial payments. I have hear this many times! /// Rates were up a little this week /// And lastly, a reminder that … (0 comments)
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foreclosure financing: Buy, hold, sell? - Leniency for mortgage lates - Slash mortgage deduction? - 02/19/11 10:59 AM
Buy, hold, sell?Decisions, decisions. I am well-positioned (but not a market guru), and asked all time. Below are my views. (Personally I am a buyer). - Paul
Sell? - If you are looking to upgrade, or if you have to. You can for sure afford to sell low, if you buy your upgrade low also. Do it now. You can also consider converting your existing home to a revenue property.Buy? - The market is still struggling (see below). Current price and interest rate levels result in solid cash flows for revenue properties. Opportunity for contrarians?Hold? - When in doubt do nothing. Keep an eye on … (1 comments)
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