Real Estate Resources

Whether you are a first time investor or a highly seasoned investor, our real estate investor financing programs are an ideal resource to achieve your ultimate real estate acquisition objectives. Please see our basic funding guidelines below that will equip you with the knowledge to be able to get your first real estate deal on track and closed!

Up To 90% Financing On Investor Purchase!

  • Flexible Terms!
  • No Income Documentation!
  • No Employment Documentation!
  • Interest Rates as low as 8%!
  • No Traditional Appraisal!
  • 500+ FICO Scores Accepted!
  • 100% Rehab Cost Included!
  • Close In 10-15 Business Days!
  • Up To 75% LTV!
  • Loan Amounts from $75,000.00 To $1,000,000.00!
  • Have no unpaid judgments in excess of $10,000.00.

THOUSANDS of Private Money Lenders for any Real Estate Property

Imagine being able to access thousands of private money lenders for all your real estate deals! 

No need to deal with banks!  Access to this list as you can see will generate dozens and dozens of private money

people in any local area!  Below is a current list from Milwaukee, Wisconsin!

If you want access to this list the cost is a one time $197!  Pays for itself 1000 times over!

Remember all you need is ONE angel investor for your projects!

 

Short Term 12 Month Purchase – Rehab Or Refinance Overview

What if buying an investment property wasn’t complicated, inefficient and expensive?

Welcome to Investor Rehab Funding, the future of hard money lending . . . Today! Our investor funding programs and processes are designed using today’s technology, a more simplistic approach to the loan funding process and a very competitive pricing model that’s literally unmatched in today’s real estate financing market.

Whether you are a first time investor or a highly seasoned investor, our real estate investor financing programs are an ideal resource to achieve your ultimate real estate acquisition objectives.   Please see our basic funding guidelines below that will equip you with the knowledge to be able to get your first real estate deal on track and closed!

LOAN FUNDING GUIDELINES

HOW OUR FINANCING SERVICES WORKS:  Click To Watch The Video

States Currently Funding Loans

Colorado, Connecticut, Florida, Georgia, Illinois, Maryland, Michigan, Missouri, Ohio, Pennsylvania, South Carolina, Tennessee, Texas, Virginia, Washington, West Virginia.

Purchase Transactions

We fund up to 90% of the purchase price of your investment property.  The actual dollar loan amount for the purchase cannot exceed 75% of the current AS-IS Value.

Rehab Transactions

Plus – We can fund up to 100% of the rehab project cost in conjunction with a purchase transaction.  The combined purchase loan and rehab loan amount cannot exceed 75% of the After Repair Value of the property being purchased.  Note:  We do not advance rehab loan funds.  Rehab funds are disbursed (at your discretion) as work is documented as completed with your project.

Business Entity Allowed

Funding can be approved in the business entity name or individual name.  In Florida, Ohio and Virginia, all investor transactions must be closed in the business entity name only.

Down-Payment Requirement

All purchase transactions require a minimum of 10% down-payment of the final purchase price.  There is no seasoning requirement of the down payment.  We DO NOT provide 100% purchase financing.

Refinance Transactions

We fund up to a maximum of 75% of the current AS-IS Value.  Current owner must have been on title of property for a minimum of 181 days to qualify for cash out refinance.

First Time Investors

The maximum LTV for first time investors is 70%.  To NOT be considered a first time investor, borrower must have prior documented real estate experience in their personal name or business entity name per one of the following criteria:

 Closed one (1) real estate investor transaction within the last six (6) months, OR closed two (2) real estate investor transactions within the last 12 months, OR closed three (3) or more real estate investor transactions at any prior time.

IMPORTANT:  We can only fund one (1) investor mortgage loan for a 1st time investor at any given time.

Days To Close

On average we can close on any transaction in about 15 business days from the time we receive ALL REQUIRED DOCUMENTATION.  Delays in closing are normally due to appraisal/property value, title issues, etc.  For purchase transactions, the purchase agreement/contract closing date must be a minimum of 15 business days from the time we receive all required documentation or the purchase agreement/contract must be amended to extend the closing date.

Maximum Loan Amounts

Minimum loan amount of $75,000.00 up to $1,000,000.00*

Credit Score Requirement

All three (3) credit scores must be a minimum of 500+ to qualify for loan funding.  If purchasing or refinancing property in your business entity name, we DO NOT pull personal credit reports.

Property Appraisal

A traditional property appraisal is NOT required to underwrite and close a loan funding. We use a proprietary residential automated valuation model (AVM) and a Broker Price Opinion (BPO) to determine the AS-IS and ARV values of a property, saving you time and money.

No Verification Of Income Required

No verification or documentation of personal or business income is required.

No Verification Of Employment Required

No verification or documentation of your current or past employment status is required.

Verification Of 6 Months Reserves Required

All loan transactions require that you verify six (6) months of interest payments (Reserves) via your bank statements. The most recent account balance reflecting on your bank statement is the basis for documenting your 6 months reserves.  No seasoning of funds is required so real time deposits can be made to meet this underwriting requirement.

Terms of Loan Funding

Property Type

1-4 residential units (including condos, townhomes & PUDS)

Transaction Type

Purchase or refinance

Interest Rates

Interest rates range from a low of 8% to a high of 15% depending on documented prior real estate investment experience of the borrower and the final LTV on the loan being funded.  Therefore, the more documented experience and lower LTV will generate a lower interest rate.  Whereas, a first time investor with a high LTV will generate a higher interest rate.

Origination Fees

Loan amounts of $ 75,000.00 – $130,000.00:  2.49% plus $2,495.00

Loan amounts of $131,000.00 – $1,000,000.00: 3.99% plus $ 495.00

Junk Fees

None, legitimate Third Party fees charged at cost with no mark ups

Seller Concessions

Seller concessions are allowed.  However, any seller concessions will reduce the purchase loan amount dollar for dollar equal to the amount of the seller concessions. AS SUCH, WE STRONGLY RECOMMEND TO NOT INCLUDE ANY SELLER CONCESSIONS IN YOUR PURCHASE SALES AGREEMENTS.

Loan Amount

Minimum loan amount of $75,000.00 up to $1,000,000.00*

Loan-to-Value Maximums

Maximum LTV is 75% of As-Is Value and 75% of ARV when rehab loan is included.

After Repair Value Maximums

The maximum LTV based on ARV is 75% for all transactions.

Rehab Loan Amounts

We can finance up to 100% of the rehab cost, not to exceed the purchase price of the property and not to exceed 75% of the ARV. Maximum rehab loan amount is $500,000.00.

Rehab Funds Disbursement

After request for rehab loan funds is initiated via email request, funds are disbursed within 3 business days after completion of inspection/validation of completed work.

Loan Term

12 months

Rate Type

Fixed monthly payment, interest only

Prepayment Penalty

None

Note:   Terms are subject to change. Final terms vary depending on the property and borrowing entity

*Up to 75% LTV for loans exceeding $750K

·         Have no unpaid tax liens.  Any unpaid tax liens reporting in public records will be required to be paid before or at closing.

·         Have no record of criminal felony convictions within the last 7 years.  Any prior criminal convictions or criminal charges will require a letter of explanation and is subject to review and approval by underwriter on a case by case basis.

·         Have no convictions of any type of financial fraud, ever.

Get Prequalified For Your Real Estate Investment Loan In 24 Hours!

FOR INDIVIDUAL BORROWERS –  NO BUSINESS ENTITY

  • All three (3) my personal credit bureau scores are at least 500 or above. (APPLIES ONLY IF CLOSING LOAN IN YOUR PERSONAL NAME.)
  • Most recent bank account statement shows an ending balance of a minimum of 6 months of reserve payments (monthly loan payment for new loan)
  • Have no foreclosures, bankruptcies, short sales or notice of defaults within the last 24 months. Prior events of any previous items will require a written letter of explanation.
  • Have no more than four (4) 60-day late payments in the last 24 months on any installment account or mortgage account.
  • Have no unpaid judgments in excess of $10,000.00.
  • Have no unpaid tax liens.  Any unpaid tax liens reporting in public records will be required to be paid before or at closing.
  • Have no record of criminal felony convictions within the last 7 years.  Any prior criminal convictions or criminal charges will require a letter of explanation and is subject to review and approval by underwriter on a case by case basis.
  • Have no convictions of any type of financial fraud, ever.

We want to make sure your experience is frictionless. The best way to do that is to set expectations up front. Below you will find a checklist of documentation you need to prepare in order to expedite your loan approval and funding. Once complete, nothing stands in the way of you and cheaper, quicker and more plentiful capital.

Here is a checklist of documents you need to gather in order to complete your first loan application.

Business Entity Borrower (Closing In Name Of Business Entity)

For Limited Liability Companies and Corporations:

·         Business Operating Agreement/Corporate Charter/Bylaws (Signed and Dated)

·         Last 3 months’ business bank statements (all pages)

·         Copy of void check associated with business bank statements

·         Articles of Organization/Incorporation (Signed and Dated)

– OPTIONAL:  Schedule of real estate owned / experience (template provided)

 

Individual Borrower (Closing In Individual/Personal Name)

For The Individual Borrower:  

– Last 3 months personal bank statements (all pages)

– Copy of void check associated with personal bank statements

– OPTIONAL:  Schedule of real estate owned / experience (template provided)

Property Information

 Copy Of Purchase Agreement (including all counter offers and addenda) (Signed by all parties and Dated)

–  Rehab Scope of Work (Itemized list of all repairs)

–  Comparable sold properties or prior property appraisal to support estimated value

–  SHORT SALE Bank Approval Letter (if applicable)


YES, YOU CAN GET HOMES FOR PENNIES ON THE DOLLAR IN ALMOST ANY CITY! AND IT REALLY ISN’T HARD.  YOU JUST NEED TO KNOW WHERE TO LOOK AND WHO YOU NEED TO GO TO FOR HELP!  This PROPERTY CAN BE PURCHASED FOR $1 IF YOU KNOW WHAT YOU’RE DOING.  $1,000 IF YOU DON’T, AND $22,000 IF YOU DO IT ON YOUR OWN.  WE CAN SHOW YOU HOW TO DO THIS ALL DAY LONG!  Included in our MENTOR CRASH COURSE!