- No previous experience required
- No payments required for 6 months
- Credit Scores as low as 575 approved
- We locate the properties for you (No leg Work)
- We assist in rehabbing the property, finding contractors
- Fast closings within 8 business days
- No prepayment penalties
Loan money is available to real estate investors in metropolitan areas who buy houses, fix them up, and re-sell them. With funds readily available, you can demand large discounts from your sellers (many people will sell for less if they can be assured of a quick closing).
Loans are provided only on detached single family residential houses. These programs are ideal for those who can buy right, fix a property up quickly and get it sold or refinanced. Getting started is easy, contact me now and I will respond with our new investor application.
Contact me now for more information
It seems like with shows like "Flip This House" highlighting how you can make $100,000 everybody is trying to get involved in Real Estate Investing. People have no idea how much work time and effort actually goes into this process. I read a story about a guy who had perfect credit buying 3 investment properties and was bankrupt in a year. People need to have a Texas licensed real agent to help them locate and properly value a property. I have put together a couple pointers to help people looking to get into Real Estate Investing in the cities listed below. Some people call these homes rehabs, flips, wholesale, short sale basically they all fall under investment properties which simply means a home that you are not going to live in them and try to sell them in a short time frame for a profit.
- First thing that you want to do is try to get pre-approved by a Texas Hard Money Lender. I recommend using one local so they can actually go look at the property. This will also cut down your closing time, which is money.
- You need to have a lawyer in place to answer your legal questions. Click Here to get set up with Prepaid Legal Services for only $26 a month.
- Have the property professionally inspected as soon as possible. This might cost a couple of hundred dollars but can save you thousands in the future.
- Use a licensed agent to submit an offer on properties you are looking to buy. Unless you have spent time and have been trained on completing and submitting Texas Real Estate Commission Promulgated forms, do not try to do this on your own. As a buyer, using a real estate agent is generally 100% free of charge. In most cases the seller pays the commission not you.
- Pay for at least a 5 day option period on the contract. A standard option period should be 10% of 1% of the homes value. For example, if a property is $100,000 the option fee should be $100,000 x 1% = $1,000, $1000 x 10% = $100.
- Find a contractor that specializes in investment properties, and not some "fly by night" company. Don't try to be cheap and find friends to do labor they are not familar with.
- To move properties fast, use an agent to sell and market the properties. You do not have access and may not even know what the "MLS" is but an agent does.
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