Isn't this a great time to acquire a commercial real estate investment? Having a tough time getting the financing? Don't want to part with all the up-front cash required by the lenders? We have finally found a program that's a good match for sellers who have some equity in their properties and buyers who don't want to part with so much of their cash today. Following are a few benefits about the program. . .
Minimal Up-Front Cash Requirement
Minimal (if any) Credit Qualifying
No Need for a Loan Application or Approval Needed
Legal Protection, Privacy and Safety
Ease of Transfer, Especially When there is to be No New Loan
Income Tax Deduction
Asset Protection
Shields Property from Litigation, Creditor Judgment, Tax Lien and/or Probate
Does this sound like a good solution for you? If you've ever heard about lease-option, lease-purchase, owner financing, seller financing, contract-for-deed, etc., our program is hands-down better for asset protection and ease of transfer. Call Paul Surles at 913-488-7588 to talk about this more.
If you're a first-time homebuyer in Missouri, you'll want to see if you're eligible to move into one of our homes with this benefit through the Missouri Housing Development Commission.
How the MHDC Tax Credit Advance Loan Program Works:
MHDC makes a second mortgage to the homebuyer at the time of closing worth up to 6% of the home purchase price or a maximum of $6,750, which is used to cover downpayment and closing costs. The tax credit advance loan is paired with MHDC financing for the first mortgage in the form of a safe, 30-year, fixed-rate mortgage. The homebuyer then files for the federal taxcredit and uses the credit refund to pay off the MHDC tax credit advance loan. If the tax credit advance loan is paid off by the designated deadline, the homeowner pays no interest other than a modest servicing fee. If the tax credit advance loan is not paid by the deadline, principal and interest payments to repay the loan over 10 years begin automatically.
All MHDC first-time homebuyer loans are made through a statewide network of certified lenders, and serviced by U.S. Bank. The MHDC loan programs are available for households with incomes up to $85,000. Interested first-time homebuyers can find a list of participating lenders and other information about the program on the MHDC website.
For homes immediately available for this program to move into, take a look at 5143 Euclid Ave, Kansas City MO, and 3318 College Avenue, Kansas City MO on the Metro REO Sales website. Both are newly remodled, spacious 4-bedroom, 2-bathroom homes. Do these not meet your criteria? Contact Paul Surles at 913-488-7588 to talk about your home preferences.
Isn't it a struggle to come-up with any investment idea that can earn anywhere close to 17% a year in today's market. Stop by our table tonight between 6pm and 7:30pm prior to the Mid-America Real Estate Investor Association meeting. Joe and I will be there to talk with you about your IRA goals and how real estate might be a good diversified part of your portfolio. We'll be right outside the ballroom at the Overland Park Marriott at I435 & Metcalf (10800 Metcalf).
When: Tuesday April 14th, 6pm to 9pm
What: Networking and Education
Vendor Tables Reserved:
Education: Our guest speakers are Ed Griffin, Vickie Clevenger, and Matt Allen discussing how to do real estate deals with your IRA. If you are looking for new ideas for financing your properties or converting your IRA to investments that you understand and can control with your real estate knowledge. Presentation at 7:30
Cost: Members can attend with no costs, guest fee in advance through our calendar online is $15 and at the door is $25. Membership is $99 at the door for one or $149 for two. Check or Charge only, no cash please.
Networking: From 6pm to 7:30 our vendor hall will be open for networking . . .
Be sure to bring paper and a pen to take notes. Bring your questions, we have a set of starter questions, but the panel will answer your questions as you have them. Please keep in mind that they are not CPAs, Attorneys, Accountants, or IRS people. They will be answering from experience.
Arrive early for dinner at Panera Bread or Applebees before the meeting and avoid rush hour traffic.
In today's challenging commercial real estate market, there are select buyers who have the financial resources necessary to do a deal. We are fortunate to be working with one today. If you have a property that meets the following criteria yourself or have one listed, let me know.
For more information about real estate investing in the Kansas City metro, call Paul Surles at 816-523-4400 or e-mail at psurles@gmail.com
We've had several inquiries recently about the small multi-family market of up to $500k in Kansas City, MO so I felt like posting a quick article would help others get up to speed as well. Let me know if you or a group would like to take a closer look at one or more of these. You might have heard that I'm progressing through the CCIM candidate program and as a result can provide you with an additional level of expertise.
In addition to a few stats below, there is a link at the end of the post you can use to get directly into our local Multiple Listing Service (MLS) to see photos and many more details.
The lowest-price building is a 4-plex at $19,900. The most expensive one in this list is a 24-plex for $479,900.
Use the following URL to see the listings:
http://portal.heartlandmls.com/de.asp?k=3890XH8QP&p=DE-181747-987
For more information about real estate investing in the Kansas City metro, contact Paul Surles at 816-523-4400 or psurles@gmail.com. Paul is a licensed real estate broker-salesperson in MO and part of the Tucker One Properties, Inc. wholesale real esate team.
Feel good about choosing us to sell your real estate for top dollar. Proceeds from our transactions go directly toward helping improve the quality of life in Kansas City inner-city neighorhoods.
ActiveRain Corp. is not responsible for the accuracy of the site's content (which is written by members of the ActiveRain Real Estate Network) and does not endorse the views of the real estate agents, mortgage brokers, and others listed here.
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