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Licensed In 36 States
REAL ESTATE
MORTGAGE
INVESTMENT PROPERTY
Cities We Serve
Click Here to apply for a INVESTMENT PROPERTY MORTGAGE
INVESTMENT PROPERTY MORTGAGES OR LENDING has been way behind Owner Occupied Mortgage Lending. Typically INVESTMENT PROPERTY MORTGAGE LENDING required 20% or more down payment to qualify for the INVESTMENT PROPERTY MORTGAGE.
However your VanDyk Mortgage, Serving 36 states has put together a unique an Investment Property Rehab Mortgage Loan Program. This INVESTMENT PROPERTY REHAB MORTGAGE LENDING PROGRAM allows you to be as aggressive as you want to be.
INVESTMENT PROPERTY REHAB MORTGAGE LOAN HIGHLIGHTS
Part 1: HARD MONEY
This loan is for investment Property ONLY
Our 100% Investment Property Rehab Mortgage Loan Program allows you to get a Mortgage for 100% of the purchase price up to 60% to 70% of the after repair value. This allows you to buy the Investment Property with NO MONEY OUT OF POCKET AND GET MONEY FOR REPAIRS. That was a main reason we put together this 100% Investment Property Rehab Mortgage Loan Program for our Investment Property Clients.
With this 100% Investment Property Rehab Mortgage Loan Program you can Buy it, Fix it and Sell it and never touch your own money.
Another thing that keeps Investment Property Investors from purchasing certain homes is the condition of the property. With this product we can help our Investment Property Clients to purchase Investment Properties that are Distressed.
Typically lenders want an Investment Property to be brought up to “Average Condition” or better before they will lend on any given Investment Property. However, your Mocksville NC, VanDyk Mortgage has put this 100% Investment Property Rehab Mortgage Loan Program together in such a way that we don’t care what shape the Investment Property is in AS LONG AS YOU CAN BRING THE PROPERTY UP TO AVERAGE CONDITION OR BETTER WITH THE LOAN PROVIDED. “Average Condition” is a term used by the appraisal industry that basically means what it says.This loan program is very expensive and generally not recommended unless circumstances demand it.
PART 2: CONVENTIONAL REHAB, REFURB LOAN
Our Conventional Rehab Loan, SOMETIMES CALLED A REHABILITATE OR REFEFURBISH LOAN is the least expensive option. The least we can lend with it is $50,000.00. However you can use this for Investment Property or for your own home. Some of the guidelines are as follows: 90% of the purchase price and 90% of cost to repair at good rates and terms.
This loan requires you to bring 10% to the closing table.
Investment Property 101
Most People Say That Buying Investment Property Is The Best Investment In America
As an example note the following:
Stock Market
Assuming you were to invest $5,000.00 today in the stock market, in 12 months that $5,000.00 investment will be worth $5,600.00 assuming the stock market returned its usual 12% return. That is a great return on your initial investment though it is an unsecured investment.
Investment Property
Now take the same $5,000.00 and leverage it against a $100,000.00 Investment Property Single Family Residence. ( to leverage something simply means that you control a larger sum of money with your smaller down payment) We’ll use the appreciation levels that North Carolina and South Carolina have averaged, about 4.5% for about the last 40 years or so. Compared to the rest of the country, North Carolina & South Carolina have experienced some of the lowest appreciation levels in the country. Nevertheless even at these low appreciation levels, that same investment that returned $600.00 in the US Stock Market will return $4,500.00 from your Real Estate Investment Property just in appreciation AND the INVESTMENT PROPERTY is secured with the REAL STATE. Whereas the Investment in the US Stock Market is UNSECURED. $100,000.00 X 4.5% appreciation = $4500.00
What sounds like a better investment to you?
How do I get started in the Real Estate Investment Property Business?
Line up your team. Get a REALTOR that understands the Investment Property Business and is connected to Foreclosure lists and HUD repos.
Line up your funding ahead of time. Get pre-qualified w/ a lender that understands the business and has the programs to allow you to be as aggressive as you would like to be.
PREMIER MORTGAGE FUNDING has very aggressive Real Estate Investment Property REHAB Mortgage programs that allow you to buy investment properties w/ no money out of pocket and if you need money for repairs – we’ll get you that as well.
Yes VanDyk Mortgage will help you Buy It, Fix It Sell It. Call VanDyk Mortgage today and get Pre-qualified for your Real Estate Investment Property REHAB Mortgage
What To Look For In An INVESTMENT PROPERTY That You Wish To Keep?
It really depends on your market. Know what the rents are bringing in your area and buy a house that will bring enough rent to cover 125% of the Mortgage payment. That usually means you are buying the “Ugly” house in the neighborhood. The generally accepted perfect rental property is a 3 bedroom, 1 or 2 bath, brick rancher in a visible location.
It has been recommended that you Flip 3 (Buy, Fix and Sell) Real Estate Investment Properties for every one Real Estate Investment Property you keep.
This suggested formula has worked for many Investors.
Flipping Houses
The next Tip from your Mocksville NC VanDyk Mortgage is what Equity levels it is suggested you look for so that you know you have an Investment Property with enough equity in it to be safe to purchase.
When Flipping or in other words, Buying, Fixing and Selling Investment Property, generally it is recommended that you look for Investment Property that has 30% or $30,000.00 in Equity which ever is greater of the After Repair Value. That is usually considered a safe formula even for beginners.
Your experience will very and you will no doubt come up with your own formulas in time based on your comfort in risk taking. As with all Investments there are risks that need to be understood so do your own due diligence and happy Hunting!!!
http://www.creonline.com/real-estate-clubs/nc.html
Click here to apply for a 100% Investment Property Mortgage
Click here to see Investment Property for Sale
Your VanDyk Mortgage is here to help you when you decide to Purchase a Home or Refinance a Mortgage. Whether in person or online, we close loans in 36 states all over the U.S. seamlessly and easily. We have a wide selection of REAL ESTATE MORTGAGE HOME LOAN PROGRAMS. You can trust us to find the REAL ESTATE MORTGAGE HOME LOAN PROGRAM that's best for you. We have been assisting people like you all over the US focusing primarily on North Carolina and South Carolina for years. We have assisted people in the following cities and states to reach their dreams: Winston Salem, NC--Forsyth County, Kernersville, NC--Forsyth County, Mocksville, NC--Davie County, Greensboro, NC--Guilford County, Germanton, NC—Stokes/Forsyth County, Rural Hall, NC—Forsyth County, King, NC--Stokes/Forsyth County, Mt Airy, NC--Surry County, Raleigh, NC--Wake County, Burlington, NC--Alamance County, Statesville, NC--Iredell County, Wilkesboro, NC--Wilkes County, North Wilkesboro, NC--Wilkes County, Elkin, NC--Surry/Yadkin County, Advance, NC--Davie County, Clemmons, NC--Forsyth County, Lexington, NC--Davidson County, Cary, N.C.--Wake/Chatham County, Chapel Hill N.C.--Orange County, Huntersville, NC-- Mecklenburg County, Monroe, NC--Union County, Mooresville, NC--Iredell County, Charlotte, NC--Mecklenburg County, Matthews, NC--Mecklenburg County, Waxhaw, NC--Union County, Myrtle Beach, SC, Columbia, SC, Charleston, SC several cities in California and Florida to name a few. VanDyk Mortgage, Inc. has branches is most all states in the US, this allows us to lend almost anywhere in the U.S.
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