It is an unfortunate fact that there are many distressed properties in the market today. But, this circumstance is creating opportunities for experienced investors. Properties are being purchased for significantly less than market value, being rehabilitated, and sold for significant profit! If you have identified a property that fits the below criteria, give us a call! If you are interested in being pre-approved for financing for these types of transactions, we can arrange that as well! We can even provide proof of funds letters once pre-qualification is complete!
- Property After Rehab Value (ARV) is over $150,000
- Total Cost of Rehab and Purchase Price is less than 65% of the ARV
With a property that meets these criteria, we are able to obtain financing for as much as 100% of the construction cost and 90% of the purchase price! If you have identified a property or would like to learn more, please give us a call at 910-399-6758 to discuss your scenario today!