Clear When a person is looking to buy a fixer upper house these days they usually need cash or a hard money loan. A house that needs repairs is not eligilbe for conventional financing. I am always looking for investors that have CD’s or IRA’s that are not earning them much of a return. They can lend me the money at 12% secured by a property with equity. The loan to value on a private loan usually will not go higher than 65%. That leaves plenty of room in case something doesnt go the way everybody is hoping for. If you a person who isnt earning a high enough return on your money then please so me the money. Here is a clip from a movie that I like to watch once a year.
In the USA today, it was reported that many cities have seen a rise in the share of homes that are rented rather than owner occupied. This rise has occuried after the nation’s housing crashed. Since
2006, when housing prices peaked, the number of renter households in the U.S has grown an average of 692,000.0 a year, while owner households have fallen an average of 201,000.0 a year, census surveys show. The city of gilbert, Az went from 15.1% renters in 2000 to 24.7% renters in 2010. Glendale, Az. went from 35.2% renters in 2000 to 41.4% renters in 2010. Florida, California and Arizona had the most cities where the share of renter-occupied households grew by at least 5 percentage points. In Sacramento CA there are 50.6% of renter occupied homes as of 2010. It seems that there should be a good demand for rental housing in the future as we go through the continued foreclosures down the road.
I found a fixer upper house for sale in Craigslist for 30k. The house is located in Sacramento, Ca. Many new cars cost 30k these days. It is amazing that
a house can be purchased for 30k. The challenge is that a conventional lender will not lend a person the money to buy this home because of the loan amount and condition of the home. You would
need private money or a hard money lender to buy this home. If you have money in a IRA, you could use that money to buy the house. It is best to use a self directed IRA so that when you make
a profit on the sale of the house, you dont have to pay taxes on the profit. If you need suggestions on where to find companies that facilitate self directed IRA’s, you can call me at 916-776-6860 or email me. If you need help with finding investment properties, you can always call me also.
Now is a great time to buy ugly houses and turn them into nice clean rental houses. A person can now buy a house in California and have positive cash flow with a 15 year loan. It used to be a good deal to get positive cash flow with 30 year loans. Now you can get positive cash flow with just 15 year loans. Imagine how well off you could be in 15 years if you just had 4 paid off rental houses in 15 years.
How much monthly income could that be? How much could you save up during the next 15 years? Will it be enough to generate a nice monthly income? Most people will not put away in the next 15 years to have a monthly income. It is a very realistic goal to go from zero homes to 4 homes in the next 24 months. You can start with just a little more reading about how to buy fixer upper houses and then turning them into rental houses. I found one book for less than 20 dollars. Just click the click here button to read about it. Click Here!
I am always looking for ways to be more efficient when rehabing houses. I finished rehabing a house three months ago where the house was only one mile from a Home Depot. I mainly used Home Depot for my materials because they were so close. I had another benefit of using them. They gave me a discount once I spent $5000.0 dollars or more. Now I get a discount off of everything I spend at Home Depot during this year. If you are rehabing houses, I have this icon here so that you can get a free gift card. enjoy
We can sell your home fast. Dont let the bank auction it or in other words sell it. Get some cash into your pockets. Let us buy your home fast. If your in Sacramento, you should go to Create your own video slideshow at animoto.com.
www.sellyoursacramentohousefast.com to receive an offer in 12 hours. Go to To sell your house fast
Mar 022011
When I rehab a house, I like to put in new dual pane windows and add new insulation. I mainly do this because it helps me sell the home faster. I also do this because I guess I am helping the planet
by saving energy. I do have young kids so not only do I need to make money but I also need to make sure I do my part to help the future of our planet. I found a company that gives you a guide on
how to “green your home”. I put their banner below if you want to check it out.
Feb 232011
I should change the name of my company to buy sell houses llc because all I do every month is buy homes then fix them up and sell the house as fast as posible. I wake up every morning looking on mls for homes in distress that are owned by banks or that a owner is short selling. I then make offers on these homes to see which ones get accepted at a dollar amount where the numbers make sense. I have also started to put up bandit signs saying “WE BUY HOMES” in the hopes a motivated seller will call me wanting to unload their property. I am also hoping that homeowners who are fed up with their mortgage servicers with the whole loan modification process call me. I want them to call me as apposed to just giving up and walking away from their homes. I keep meeting to many people after the foreclosure who have said “I just got tired of trying to modify my loan so I walked”. They should not have walked. They could have let me send in a offer and worked on getting a short sale accepted. That way the homeowner can buy another home within three years as long as they improved their credit score.
It doesnt make sense to walk away. If you are having problems with your vehicle, you dont just park it on the side of the road and leave it there. You sell it to someone who is good with working on cars.
This should be the same idea with homes. If it doesnt make financial sense to keep your home then you should just sell the house fast to me.Call me at 916-261-2381 if you want to sell your home fast.
Everybody knows that you can invest in mutual funds within your IRA or 401k. I do know that hardly anybody knows that you can buy real estate within your IRA. The nice thing about that is you dont pay taxes on the money you make from your real estate investment. You can really build up your retirement faster with the right real estate investments. If you want to find out all the rules of real estate investing within your self directed IRA, please go to Click Here!
If you are thinking about taking advantage of today’s real estate market, then there is really no better time. Rates are low, property is plentiful, and because of the recent real estate bubble, people are choosing to rent instead of buying real estate. All of this makes now one of the best times in recent history to buy investment property.
For many investors, getting started, even in this buyer’s market can be a challenge. Often, new investors hesitate and lose out simply because they don’t have enough information, or knowledge to manage their investment risk. Other real estate investors don’t have access to the analysis or the tools that are often necessary to determine the true value of a good real estate investment.
Luckily, the Real Estate Wealth program has some great resources for real estate investors. For new real estate investors, they have a few videos posted on their site that are a must see. In addition, their new Real Estate Fortunes package includes tools that are crucial to the success of all real estate investors.
Their package includes and easy to use investment analysis software, organization software, and three complete courses on how to jump start your wealth with real estate.
If you are even thinking about taking advantage of today’s real estate opportunity, then you need to check out their videos and site. Here is the link Click Here!