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$50K Equity for $5K - Residential Investments
If you are one the few individuals that still have a 700+ credit score you can buy your next investment property for $5,000 down. The program is setup so the investor is buying the property at a 20% discount without having to come up with a 10% - 20% down payment. Depending on the property you are potentially getting $25K-$50K instant equity. For $5,000 The investor is put on title and then turns around and refinances the property into their name.
All the properties are purchased as REO's and then are rehabbed prior to the sale at a 20% discount of market value. In addition, the properties come with a home warranty.
The properties are purchase in "transitional" areas with greater potential value increases.
I like this model and use it in the near future to move some of my own properties.
Mat Curtner, REALTOR
J. Roberts and Company
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