Nunavut

TOP TEN WAYS TO USE PRIVATE MONEY TO CLOSE MORE REAL ESTATE DEALS

I work mainly with investors who want great deals and want to invest the minimum in order to reserve their cash for more deals. So, I have been able to develop relationships with private individuals that will loan thier money out to other investors at a normal 18% short term bridge loan in order to get a better return on their money. The private lender is in first lien position on the property. It has been working out quite nicely in my business.

TOP TEN WAYS TO USE PRIVATE MONEY TO CLOSE MORE REAL ESTATE DEALS:

1. Receive a discount on the property since one is closing faster
2. No credit check
3. Ample funds
4. Cash flow
5. Obtain money for repairs
6. Flexible terms
7. Develop key relationships
8. Creative methods when structuring the deal
9. Several exit strategies
10. Higher return on one's money 18% or more

Does anybody esle use private money in their real estate business? Tell us your success stories

So financing options are now available for Canadians who wish to purchase vacation homes in Arizona.

Arizona was a hotbed for Canadian vacationers who at the peak 2005-2007 of the Arizona market were often put off by the high prices and unfavorable exchange rate. Now with a weak dollar plummeted property values Arizona now represents a Canadian dream not only for weather, amenities and now accessible appreciable real estate assets.

However up until now you could only obtain one home and only pay cash!

Today Canadians have the opportunity to leverage their cash and buy not one second home but multiple properties for investment purposes.

So how does our program work?

•1. 5 Year INTEREST ONLY Home Equity Line of Credit at Prime - ¾% with a floor of 4%. ( APR 4.17%)( As of today, The Prime is at 3.25%, so it would have to move above 5% before the 4% would ever change.)

•2. 2% Loan Origination Fee paid to Amerifirst Financial at closing. No other closing costs, title fees or appraisal fees!

•3. No loan fees unless borrower cancels the loan in the first 3 years, then there is a $300 fee.

•4. The loan will not exceed 50% loan to value/cost, whichever is lower MAX LOAN AMOUNT $500,000.

•5. To qualify, borrowers must first call and fill out an application by phone with The Mark Taylor Team at602-361-0707. Upon application, borrowers must supply THREE YEARS tax returns, all pages.

•6. If borrowers want to extend past the 5 year term, they must re-qualify and then they will have to roll into a 15 Year Amortization 7 Year Balloon at current bank rates. (Today that is 5.75% 6.18% APR)

•7. We request 30 days to close but rushes can be looked at on a case by case basis.

•8. All approvals are done by our investor and are based on the appraisal value and the tax returns.

HERE IS A GREAT EXAMPLE : http://actvra.in/7Qs

NOW HERE ARE THE NUMBERS: $108,000 US

DOWNPAYMENT: $54000

MONTHLY PAYMENT: $257 INTEREST ONLY

TAXES, INS AND HOA: $237

TOTAL PAYMENT OF $494 FOR A 4 BED 2 BATH 2100 SQ FT HOME - NOW THAT IS A GREAT OPPORTUNITY!

So why not take advantage of all the economic factors and leverage the Canadian dollar and buy in in Arizona! It would almost be crazy not to eh?

For the last 3 days,
...I have been a general contractor;
...a "no-breaks-allowed" work leader;
...a genuine PITA according to Sal.

But, thank goodness I am driven to complete a job or job readiness;
...because, you see, LaFata delivered out New Cabinets today--today;
...we probably should have thought ahead here, but all we had known about was:
...tomorrow's Tear-Out

NOW---things are totally looking up!.

Tried to get Sal to admit that it was worth his 2 days work with me;
& was going to take a photo of his smile;
his grimace was not worth the digital bits--No Photo of Sal

but, for your fun--here are some Before Photos
the empty kitchen; no island


kitchen moves to Dining room
looks like a "garage sale" in here.

kitchen even moved into side hall



AND Here, in the Garage---The New Cabinets
Here, folks is the New island & the 2 pantry-style cabinets.

The next few days will be great--then they begin the 3 bathrooms & the wet bar in Great room.
We did this in another Home / kitchen cabinets & floor plan was done & new hardwood, floating floor in the Tri-Level Living,dining & Kitchen. We only lived with the change for 2.5 years.
The new owners covered with Lino & carpet after remodel was 3.5 Years old.
Note: EVEN if you're invited--avoid going back to old Home as everyone changes things to suit their tastes.

As we walk through this rather large remodel--maybe some of you can visualize doing this in your home.
We will survive this work;
We will enjoy it for however long we are here;
We will share this trip with you:
We are older than many of you, AND we will come out smiling within the next month.

There are STILL loans available to consumers that require little to NO money down.

The beauty is, you do NOT have to be a first time buyer either.

You just need to know how to find these gems. And, believe me, they are right under your nose!

I'd love to win some buyer clients with this hidden gem of information.