Investor DivisionWelcome to the Real Estate Investor Division, your community for Real Estate Investing opportunities. Whether you're a newbie or a seasoned investor looking for a real estate transaction you will find it here. We have properties ranging from 70% to 50% (LTV) Loan to Value!
If you're a Real Estate Entrepreneur or Investor, and you are in the market place looking for deals, we have opened another door for you at New Day Mortgage Investment Division!
Here's the question our customers are asking: 'Are there still any real estate bargains out there?' The answer to that question is, yes for those that knows what there doing!
FYI:
In the past 5 years we've seen a ton of real estate developed in over heated markets and this has led to a glut of inventory in many of these markets. Some Developers just want out and they are willing to sell for a significant discount off of market value.
On the other hand, 1 out of 886 households in the United States are at some stage of foreclosure, the inventory of real estate owned properties is almost full to the brim. Florida's current foreclosure rate is still at its all-time high, creating more and more opportunities for buyers, real estate agents and investors.
Now you understand a few of our techniques.
Sell Your Property
If you are an investor looking to sell your investment home, our investor division is here to help you.
If you are looking to sell a home you are living in, www.connectrealty.com will be the right place to start.
Investor Financing
Investor financing is a Specialty
Most mortgage brokers claim that they do investor loans, and they probably do some simple investor loans. Other mortgage brokers specialize in them. When mortgage brokers develop this specialty, they develop connections with non-traditional lenders who make unusual (sometimes called non-conforming) loans to investors.
These loans may have no income verification requirements; they may be for self-employed investors, or even for investors with 30 to 40 existing loans. The loan to value (or LTV) may be 90%, 95%, or even 100%. Some lenders even stack equity lines on top of existing investor loans so you can take money out without disturbing the underlying mortgage. The bottom line is that loans on investment property are available at reasonable interest rates.
The investor financing market is a moving target and it's hard to keep up with. Since we coordinate several investor loans each month, we keep track of lenders that specialize in good 'outside the box' investor loans.
No one company has all the best loans. Companies frequently change their policies and are unable to make the loans they made last month. It's a moving target and we are constantly chasing down new mortgage ideas.
Acquisition, Financing and Cash Flow Projections
Before you buy a property, you should develop a detailed spreadsheet identifying every dollar you're spending on the purchase. Then you should review several financial options before you sign a purchase contract. You don't need to lay out your own set of numbers - we will do it for you. Over the years we have developed a good format that is simple, yet thorough, and offers multiple financing and cash flow options.
Structuring The Deal
'Crafting the deal' to meet the needs of the individual investor is what separates us from other firms. We know how to structure a transaction half a dozen different ways depending on the specific needs of the investor. Every buyer is different, and how they structure the deal depends on available capital, tax bracket, cash flow needs, tolerance to risk, credit scores, and employment status. Customizing the deal to the individual investor is one of our greatest strengths. All investors are not the same, yet many traditional agents do not understand the importance of fitting the deal to the buyer. We understand these issues and can help you think it through.
We have properties ranging from 70% to 50% (LTV) Loan to Value.
If you would like to be placed on our e-mail list please forward your contact information to:
Property Locator
Cedric Burl
cedricburl@newdaymtg.com
O: 561-688-2322
C: 561-502-5291
F: 954-252-4474
Investor Financing
Lenny Tabin/Director of Investor Finance
ltabin@newdaymtg.com
O: 561-688-2322
F: 561-688-2334 |
