Client Success Story (see pictures): Hard Money Loan Helped this Investor Make a Profit!

Our Client's Success is Our Success!

Hard Money Loan Helped this Investor Make a Profit!


BEFORE PICTURES



kitchen

bathroom

AFTER PICTURES

new front of house

new kitchen

new bathroom
This Sacramento bank owned home originally sold in 2006 for $240,000!
 

We assisted our Client to take down this home with hard money so that he could quickly flip it for a profit!

Many people are put off by hard money terms since they are much richer than a conventional loan.  

BUT... these loans can be well worth it if you find a great deal!

 
Purchase Price: $71,000
Sales Price: $112,000

Keep in mind that there were costs involved with this transaction (rehab and closing costs)!  The client ended up walking away with well over 20k in profit and flipped it from start to finish in less than 2 months!
 
 
Congratulations Mike!
 
If you have any questions about hard money loans inside or outside of the Sacramento area, please give us a call!
 

 

This blog by:

Team Newington
Sacramento Mortgage Planners
(916) 687-6868
www.SuperiorLoanTeam.com

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I'm here to help! Call me!

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My job is to get you the best deal I can and help you navigate through our complex Sacramento Real Estate Market.  My team works directly with many banks to sell their foreclosed homes... so I HAVE A LIST OF HOMES NOT YET ON THE MARKET! Interested in Sacramento HUD homes? Check out my other blog I write dedicated to Sacramento HUD Homes for sale!

short sale agent elk grove
Are you facing a foreclosure of your Elk Grove or Sacramento home?
Get your answers on April 24th and find out what your options are! Short sale may or may not be your answer! Let me help you try and save your home
ON APRIL 24TH!

Find out more and WATCH THIS VIDEO!!!

REGISTER NOW For my next Foreclosure Prevention Workshop on April 24th!!!

Search Elk Grove Homes for Sale

Looking to buy a home? Search for homes for sale right now and register for your Free Listing Alert! Be notified when new homes come on the market!

Please contact me at my website or call me at (916) 585-3858 and let's discuss how we can work together to find your next home or investment property.


Find me online ...


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0 comments • Erin Newington, Elk Grove Realtor (916) 548-9198 • April 14 2009 04:42PM

Investors ...don't forget you need to be on title 6 months before you can pull cash out!

I just wanted to post this reminder of a recent change in guidelines regarding cash-out refinances.

In our Sacramento Real Estate Market many investors are taking down (investor talk for purchasing) homes with cash.  This way they are able to close quickly and often times get a discount on the home because they can close in less than 2 weeks.

In the past all investors had to do was close escrow, then turn around and pull most of their money out by obtaining a new mortgage after the fact.

I just wanted to post this reminder that if you are going with a conventional program (Freddie or Fannie), you will need to own the property (and be on title) for 6 months before you will be able to pull any money out.

If you do not plan for this upfront, it might throw off your investment project numbers so be aware!

This blog by:

Team Newington
Sacramento Mortgage Planners
(916) 687-6868
www.SuperiorLoanTeam.com

Subscribe to our Blog Feed

 

I'm here to help! Call me!

signature


My job is to get you the best deal I can and help you navigate through our complex Sacramento Real Estate Market.  My team works directly with many banks to sell their foreclosed homes... so I HAVE A LIST OF HOMES NOT YET ON THE MARKET! Interested in Sacramento HUD homes? Check out my other blog I write dedicated to Sacramento HUD Homes for sale!

short sale agent elk grove
Are you facing a foreclosure of your Elk Grove or Sacramento home?
Get your answers on April 24th and find out what your options are! Short sale may or may not be your answer! Let me help you try and save your home
ON APRIL 24TH!

Find out more and WATCH THIS VIDEO!!!

REGISTER NOW For my next Foreclosure Prevention Workshop on April 24th!!!

Search Elk Grove Homes for Sale

Looking to buy a home? Search for homes for sale right now and register for your Free Listing Alert! Be notified when new homes come on the market!

Please contact me at my website or call me at (916) 585-3858 and let's discuss how we can work together to find your next home or investment property.


Find me online ...


  facebook twitter YouTube

 

 

0 comments • Erin Newington, Elk Grove Realtor (916) 548-9198 • April 08 2009 06:36PM