How can an investor profit from buying distressed properties? According to the Corelogic Home Pricing Index (HPI) Residential Real Estate prices have depreciated by as much as 59.11% from the peak in May, 2006. Prices have increased the last few months in 2012, but the overall decline in prices is substantial. There are many ways…
Download Reinventing Yourself with a Business Purpose Cash-Out Loan Like many people Grady got hit hard by the Great Recession in 2008-2012. He owned his own business brokerage company where he helped Car Dealers buy and sell their Dealerships and Real Estate Holdings. Car Dealers suffered huge losses as uncertainty, and deleveraging pummeled Car Sales. …
Fix and rent loan funded in Bakersfield, CA Download Full Summary Property / Loan Information Property Type Multi family 6 unit Lien Position 1st Trust Deed Trust Deed Amount $150,000 Property Valuation $250,000 Amortization and Term 40 Year amort/due in 2 years LTV on As Is Valuation 60% Loan Type Fix and Rent Occupancy Non-Owner…
How do you get an accurate value on properties? The primary underwriting criteria for a Hard Money Loan is the Value of the Property being used as Collateral. The Internet, new government regulations and the Housing meltdown have all forced Lenders and Service Providers to invent and utilize new valuation metrics and products. The…
Download Rehab Loans – A Win-Win-Win for Real Estate Investors, Community and Lender Rehab Loans: A Win-Win-Win for the Real Estate Investor, Community and Lender Mortgage Vintage, Inc. enjoys making Single Family Residential Rehab loans. Rehab loans are a win-win all the way around. Here are the many benefits to a Rehab Loan: Distressed Seller is…
I May be Small but I Can Do Big Things Walking with my 3 year old son the other day, he blurted out “I may be small but I can do Big Things”. I looked at my wife and we both started laughing out loud. I thought about my Son’s profound comment and realized how…
Mortgage Vintage, Inc. facilitated a flix and flip loan in Chatsworth, CA in the amount of $344,500. Download Full Summary Property / Loan Information Property Type SFR Lien Position 1st TD Loan Amount $344,500 As Is Valuation $530,000 After Repair Value $650,000 Interest Rate 11% LTV on ARV 53% Loan Type Purchase Fix and Flip…
5 Ways to Win Short Sales with Hard Money Come October 2012 – Things are changing in the Short Sale marketplace. As noted in the MBA Newslink 9-4-12 “While distressed borrower typically must be behind on mortgage payments to qualify for a short sale, Fannie Mae and Freddy Mac are relaxing the requirement for…
Download Rehab Loans – A Win-Win-Win for Real Estate Investors, Community and Lender Rehab Loans: A Win-Win-Win for the Real Estate Investor, Community and Lender Mortgage Vintage, Inc. enjoys making Single Family Residential Rehab loans. Rehab loans are a win-win all the way around. Here are the many benefits to a Rehab Loan: Distressed Seller…
Trust Deed Investments Win the Gold Medal USA Today recently reported that “Money funds are yielding an average 0.03%. The highest-yielding one-year bank CD, from CIT bank, is yielding 1.1%, says Bankrate.com — $5,500 a year from a $500,000 deposit. OUCH! If you’re tired of seeing your money tied up in low-yielding accounts, we have good…
Moreno Valley, CA Download Full Summary Property / Loan Information Property Type SFR Lien Position 1st TD Loan Amount $81,900 As Is Valuation $126,000 After Repair Value $140,000 Monthly Rent $1,250/mo LTV on ARV 41.63% Loan Type Purchase Amortization 40 Year amort/due in 36 months Prepay Penalty 6 months
Ramona, CA Download Full Summary Property / Loan Information Property Type SFR Lien Position 1st TD Loan Amount $256,000 As Is Valuation $450,000 Appraisal/s.f. $245/s.f. LTV on ARV 41.63% Loan Type Refinance Amortization 30 Year amort/due in 11 months Prepay Penalty 6 months
Ladera Ranch, CA Download Full Summary Property / Loan Information Property Type SFR Lien Position 1st TD 1st TD Loan Amount $283,400 As Is Valuation $436,000 Rent Estimate $2,665/mo LTV on Purchase 65.00% Loan Type Investment Purchase Amortization 40 Year amort/due in 3 yr Prepay Penalty 6 months
Chatsworth, CA Download Full Summary Property / Loan Information Property Type SFR Lien Position 1st TD Loan Amount $344,500 As Is Valuation $530,000 Repaired Value $650,000 LTV on AVM 60.00% Loan Type Purchase-Fix & Flip Amortization 40 Year amort/due in 1 yr Prepay Penalty 6 months
Irvine, CA Download Full Summary Property / Loan Information Property Type SFR Lien Position Second Trust Deed Amount $339,000 Property Valuation $957,900 Amortization and Term 30 Year amort/due in 3 years CLTV on As Is Valuation 60.18% Loan Type Business Purpose Cash-Out Occupancy Owner Occupied Prepay Penalty 6 months