As the chart indicates, the process is very easy because we've done all the heavy lifting for you.
All you have to do is choose the property you want to buy. We've done all the due diligence, so you're assured of the best neighborhoods that will attract the best tenants to your property! Then ...
If it Needs Rehab:
We'll put you in touch with a hard money lender to get a short-term loan... often at 100%, including rehab costs.
Our lenders will loan 100% as long as the total doesn't exceed 65% of AVR. (After repair value.) So you'll have an immediate 30% equity or more!
- 1. Get loan from hard money lender.
- 2. Property is rehabbed, and we put a tenant in the property for you. (We handle credit checks and everything else.)
- 3. Now, you refinance with a permanent lender and can often take cash out and STILL realize a little cash flow. (Sell when values increase or when it suites your financial plans.)
- 4. Turned over to property manager, who'll handle everything for you, and you sit back and collect the rent
If it's Rent-Ready:
If you buy a property that's already been rehabbed, you'll get permanent financing right off the bat, and we'll put a tenant in ... and you're off and making a profit!
- 1. Complete Contract and send Earnest money.
- 2. Property manager inspects the property again.
- 3. Lender orders an appraisal.
- 4. Loan is Processed.
- 5. Loan Closes Quickly (Often within 10 days)
- 6. Property Manager handles the rest.
- 7. You sit back and collect the rent.
