investments: $50K Equity for $5K - Residential Investments
- 10/18/07 05:14 PM
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 … (2 comments)
investments: Rental Investments - How To Buy
- 10/11/07 08:32 AM
When investing in residential properties buyers have to consider several factors. Here are a few suggestions. 1. Types of Properties a. Builder Spec Homes - Great Incentives, Large Commissions, Warranties - ease of managment b. Resale - Buyers Market, Negotiable Sellers, Look for Days on Maket c. Short Sales, Preforeclosures, Foreclosures - MLS Listings or Wholesalers are great sources d. Pre Leased Properties - Existing Tenant, Pre Paid Rents, and Below Market Prices 2. Comparable Prices - List Prices as important as Sale Prices - especially if flipping 3. Current Rental Rates in the Neighborhood and Zip Code - Rent Clicks, Craigslist 4. Available Financing and Terms - Option ARMs useful to … (0 comments)
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.;)
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