100% FINANCING FOR INVESTMENT PROPERTIES Contact Max here NOW! Yes the legendary white buffalo of the mortgage industry does exist. For those who qualify and have good credit, minimum mid FICO of 680, you can obtain 100% financing for investment properties. Why would you want to consider the use of this product? One word, leverage, use someone else’s money to make money for yourself.
The conventional financing world will require you to put 10% down plus closing costs. The closing costs at 10% down will contain at least 2.5 points plus all of the normal costs that are associated with a closing. Therefore, you can expect to pay anywhere between 3.5 to 5 points in closing costs. This brings your total out of pocket expense to at least 13.5% and more likely 15%. On top of this, if you put less than 20% down you will also have to pay property mortgage insurance, commonly referred to as P.M.I. .
With my 100% financing program you still have to pay closing costs, however there are no points charged just because it is an investment property; also referred to as a non-owner occupied property in the mortgage industry. There is a two year pre-payment penalty, but you can buy it off if you wish. To buy it down to a 1 year is 1 point and to remove it entirely is 3 points. This program also allows the seller to contribute up to 3% towards closing costs. Therefore, if you find the right property and want to purchase it for a long term rental you would have very little out of pocket expense. On the other hand if you are looking to buy and sell within the first 12 months, expect to pay 4 to 5 points out of pocket. Furthermore this program does not require P.M.I..
Compared to the traditional way of financing this method would allow you to purchase 3 properties instead of 1 or diversify into other investment opportunities. Leverage is a beautiful thing when it is applied properly. Use this opportunity to expand your real estate portfolio; it is available to you in both Nevada and California.
Max is the perfect realtor to help you locate that perfect property here in Las Vegas. His professionalism and expertise are unmatched in Las Vegas. My company’s track record with helping investors maximize their investment dollars is truly awesome. Add myself and Max to your investment team and let us show you how to think outside of the box and you will truly get the best in our respective fields.
Contact me at any time if you are interested in this program or for any other financing related to real estate, or if you just have questions. I can do every type of financing that you can imagine in respect to property. My company is both a direct correspondent and a wholesale broker. I have access to literally hundreds of different sources including mortgage bankers, local banks, insurance companies, hard money, investment bankers and conventional fanny Mae, Freddy Mac sources as well. Please Contact me for all your Mortgage needs and let me know you saw this on Max@MaxSellsVegas.com Jack Stevenson General Manager jack@dvmort.com http://www.desertvalleymortgage.com 702-735-6267 Desert Valley Mortgage LLC Contact Max here NOW! Prudential Americana Group, Realtors®
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Las Vegas Real Estate: Contact Max here NOW!
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