Monday, February 23, 2015

What You Should Know About The Services We Buy Rhode Island Houses Locals Can Use

                                  

If you have been trying to offload your home with little success, you should know that you are not alone. It can take months or even years for some properties to attract qualified buyers on the traditional housing market. For this and other reasons, many consumers are opting to use the services like We Buy Rhode Island Houses companies are offering.
There are a number of impressive benefits that homeowners can gain by choosing to work with these professionals. Foremost among these is the fact that they are instantly connected with qualified buyers who are ready to close deals. This is advantageous in two ways. First, it is not necessary to wait for a prospective buyer to secure funding approvals before accepting offers from these entities. They are more than capable of financially backing the offers that they make. Second, these entities are in the business of purchasing homes exactly as they are. Thus, you won’t have to spend money and time attempting to convince them that your home is a worthwhile investment.
Many sellers are attempting to offload their homes due to financial difficulties. Their house payments might be higher than they can afford over the long-term. For these individuals, the typical sales process is not feasible. Not only will it be difficult, if not impossible, to continue making mortgage payments while waiting for qualified and interested buyers, but it will also be hard to invest in home improvements.
Those who are interested in purchasing properties often make quick judgments on homes based upon their appearances. If cabinetry is outdated or flooring needs to be replaced, they will not see beyond these aesthetic flaws and are therefore, not likely to make worthwhile offers. This is one factor that makes it difficult to sell homes in an as is condition on the traditional housing marketing.
Companies that are willing to purchase homes in a nominal amount of time are committed to buying these properties just like they are. They are rarely concerned with property condition, given that they intend to fix their purchases up and resell them. Thus, you can sell your home immediately, even if it is unattractive or in a relative state of disrepair. This is a tremendous boon for sellers who have not been able to stay on top of their home maintenance or undertake any major home improvement projects throughout the years.
The purchasing process is designed to be a swift and seamless one. You simply need to contact these companies and schedule a viewing of their home. They will perform market research in order to assess the true value of your property in comparison to other, similar homes in your neighborhood.
After they have viewed your home, they will compare this with the research that they have performed on your property and your neighborhood. They will then approach you with a reasonable offer. Upon your acceptance of this offer, the purchasing process can come to a completion in just a matter of days or weeks.
The most important thing to know about working with these companies is the fact that you are not obligated to accept with these offers. Your retain complete control over your home until you choose to sell. Thus, you can take as much time as you need to think your decision over, or you can accept the offer right away in order to expedite the sale.

Wednesday, February 18, 2015

RHODE ISLAND REAL ESTATE LEADS

Avalon Investor leads


Rhode Island Real Estate Leads

Are You Tired Of Stuffing Envelopes to Get No Leads?

We know how hard it is to get really good leads these days. Whether you are sending yellow postcards yourself, or trying to do SEO on your own website or blog, the truth is there is too much competition from other investors and homeowners hardly ever trust direct mail correspondence that promises to solve all their problems.

We have motivated real estate seller leads in you area.

Wouldn’t it be easier to get the homeowners to come to you? When a distressed homeowner looks for solutions to save or sell their house online, they usually land on one of Avalon s' websites. By filling out a form, they confirm their intention to sell their property. They are past the negating and ignoring phase and ready to get help; there is no need to convince them they need you.

As real estate investors ourselves, we know there is many things that can be done to save a house with a little creativity and some working capital. We are looking for highly motivated real estate investors who can take an opportunity in the form of a lead, and transform it into cash. Each case is different, and to truly take advantage of all leads, you might need to get creative. That said, if you are closing at least 1 deal a month, have capital to invest, and want to increase your business – this opportunity is for you.



These are the most recent Rhode Island real estate leads to come through our system as of 02/18/2015. These are actual motivated sellers in Rhode Island. Only the names and contact information have been changed.

Amy
Cranston, RI 02910

Home Phone:
401-XXX-XXXX
House Details
Value of Home: $200,000   Repairs Needed: $0
Bedrooms: 3Square Footage: 2000 - 2500
Bathrooms: 1Lot Size: < 1/2 Acre
Basement: FinishedAge of Home: 30+ years
Occupied? YesListed with Realtor? No
Monthly Mortgage: $1,573
Current on Payments? YesOwed in Backpayments: $0
First Mortgage Payoff: $176,0002nd Mortgage Payoff: $0
Reason for Selling: Separation/Divorce
Time Frame: 4 Weeks
Comments:
 
Pam or Jim
warwick, RI 02886

Home Phone:
410-XXX-XXXX
House Details
Value of Home: $225,000   Repairs Needed: $20,000
Bedrooms: 3Square Footage: 1200 - 1400
Bathrooms: 1Lot Size: < 1/2 Acre
Basement: UnfinishedAge of Home: 30+ years
Occupied? NoListed with Realtor? No
Monthly Mortgage:
Current on Payments? Owed in Backpayments:
First Mortgage Payoff: 2nd Mortgage Payoff:
Reason for Selling: Financial Issues, Health Reasons, Investment Property, Settling an Estate/Inheritance
Time Frame: No Hurry
Comments: TWO OTHER HOMES ON SAME ST. ASKING $240000
 
Elizabeth
warwick, RI 02889

Home Phone:
401-XXX-XXXX
House Details
Value of Home: $193,000   Repairs Needed: $15,000
Bedrooms: 2Square Footage: 1000 - 1200
Bathrooms: 1Lot Size: < 1/2 Acre
Basement: NoneAge of Home: 30+ years
Occupied? YesListed with Realtor? No
Monthly Mortgage: $1,200
Current on Payments? NoOwed in Backpayments: $12,000
First Mortgage Payoff: $120,0002nd Mortgage Payoff: $0
Reason for Selling: Financial Issues, Moving/Moved, Need a Different Size Home
Time Frame: 1-2 Months
Comments:
 
frank
warwick, RI 02886

Home Phone:
401-XXX-XXXX
House Details
Value of Home: $285,000   Repairs Needed: $5
Bedrooms: 6Square Footage: 1000 - 1200
Bathrooms: 2Lot Size: < 1/2 Acre
Basement: UnfinishedAge of Home: 30+ years
Occupied? YesListed with Realtor? No
Monthly Mortgage: $1,898
Current on Payments? NoOwed in Backpayments: $8,000
First Mortgage Payoff: $249,5002nd Mortgage Payoff:
Reason for Selling: Financial Issues
Time Frame: ASAP
Comments:
 
Scott
Portsmouth, RI 02871

Home Phone:
401-XXX-XXXX
House Details
Value of Home: $355,000   Repairs Needed:
Bedrooms: 4Square Footage: 1400 - 1600
Bathrooms: 1Lot Size: 1/2 - 3/4 Acre
Basement: UnfinishedAge of Home: 30+ years
Occupied? YesListed with Realtor? No
Monthly Mortgage: $2,000
Current on Payments? YesOwed in Backpayments: $0
First Mortgage Payoff: $310,0002nd Mortgage Payoff:
Reason for Selling: Separation/Divorce
Time Frame:
Comments:

How do I take advantage of this opportunity?

Simply fill out our form, and we will contact you to see if you are a qualified investor.





                                                          

Selling Your Home to Real Estate Investors

If you have decided to sell your home you may have noticed several “We Buy Houses” signs that flood the intersections of your city. These signs are placed buy Real Estate Investors looking to buy your home. Selling your home to Real Estate Investors can be the very best option for several reasons.

Let’s take a look at a few:

Top reasons for selling your home to Real Estate Investors.

Cash Offer – Real Estate Investors can pay all cash and close in as little as 7 days in most cases. This gives you the comfort of knowing your exact closing date. No hassles of putting your house on the market to wait 60+ days (if your lucky) to hopefully get an offer (which is typically well below asking price).
  • Buy “As-Is” – Selling your home to Real Estate Investors you will not need to make any repairs to the home. Real Estate Investors will buy “As-Is” saving you thousands or ten’s of thousands of dollar’s in repairs. When selling retail you will have to make the majority of repairs and major repairs in order for the end buyer to receive bank financing.
  • Flexible Payment Option & Terms - Selling your home to Real Estate Investors will allow you to have options when trying to sell your home. Several times depending on the situation Real Estate Investors can create options that traditional banks will not allow. Such as Seller Financing, Subject-To’s, or Wraparound options. This allows the Real Estate Investor to work with sellers that need to sell now and have equity or little, to no equity. Buy creating these options it allows the seller to get rid of a problem property without damaging their credit for a future purchase.
  • No Showing Your Property – Selling your home to Real Estate Investors you will not have the dreaded “we will be at your house in 30 minutes” phone call. You don’t have to worry about showing your property to anyone and everyone looking to buy a house. Then not knowing if you will get an offer or not.
  • No Realtor Commissions – Selling your home to Real Estate Investors you know exactly what your net dollar amount will be at closing. The Real Estate Investor pays all closing cost so you will not have to guess at how much you will get a closing.
These are just a few ways selling your home to Real Estate Investors can be beneficial to you. For more information on how selling your home to Real Estate Investors can work for you please feel free to contact me 401-236-5060 and ask for RH.

Friday, January 16, 2015

Funding Home Renovations

How to Earn Up To 25%, Every 6 Months, By Simply Funding Home Renovations
 
  • Renovation Funders is a platform to match owners who wish to renovate their homes before selling them, with investors who are willing to fund the renovation in exchange for a up to a 25% gain (negotiable) upon the sale.
  • Investor funds can always be title insured and secured by the properties that often have very substantial equity, which gives our investors great peace of mind. We think you’ll agree that our high equity renovation funding deals can be MUCH safer than the vast majority of real estate investments.
  • Here’s our “boilerplate” (all negotiable) investing process, typically made turnkey by your Area Partner…
    1. Live deals to consider investing in are emailed to you.
    2. When interested in a deal your Area Partner coordinates all due diligence to see if the deal is investment grade in your mind. If you determine “yes” escrow arranges title insurance and records two security instruments against the property to protect your investment.
    3. You fund escrow the joint venture closing costs (reimbursed to you by the owner upon the sale to the end buyer) and the minimum amount required to get the contractor to man the job.
    4. Your Area Partner coordinates inspections of the property for you, so that you can confirm the renovation progress prior to funding future renovation payments to the contractor.
    5. Upon renovation completion the owner agrees that the property is listed on the MLS and the price automatically drops 3% every three weeks until sold, virtually guaranteeing a relatively fast sale.
    6. Escrow contacts you prior to closing the sale to the end buyer, to release your liens in exchange for 100% of your investment back plus a percentage of the sale price.
    7. Upon closing escrow wires your funds directly to your account, which concludes the joint venture.
Investments typically range from $35,000 on the low side to up to $400,000 on the high side, and joint venture opportunities arise in all United States markets. You can invest IRA funds (we’ll refer you to a custodian who will guide you through the relatively simple process) and you can invest virtually any other funds that you have set aside for investing.
First step? Watch our video that explains how our program benefits Investors. If you want to see some live deals then go ahead and register at the site and we’ll send you a welcome email.

Wednesday, December 31, 2014

3 Strategies for 100% Financing on Rehab Loans

Most Real Estate Investors dream of that SWEET DEAL where they don’t have to put any money in and they can turn around and walk away with $30,000 , $60,000 etc…  Is it possible?  Are there Real Estate Investors out there doing this?  Can an Investor really get 100% financing on a Rehab loan?
I’m here to tell you that it is VERY possible, and it’s definitely happening.  Here are the 3 ways that Real EstateInvestors are successfully investing in real estate without using their own money to finance the deal.

1.  Find a Really GOOD… A Really GREAT Deal!

Too many times the deals that come across our desk aren’t even good deals, in fact they’re just plain bad.  We do see plenty of Good Deals that for the right investor it’s a great opportunity to make a solid profit.  Lastly, there’s the great deal that has everything lined up that regardless of your credit, job status or current income you can get 100% financing.
Now here’s the deal,   100% Financing does not mean that you don’t need to have some money to get the deal done.  It means that we’re going to provide you with 100% of the loan amount and 100% of the rehab costs.  100% financing does not include the following fees:
  • Earnest Money
  • Inspection
  • Title
  • Origination
  • Compliance
  • Doc Prep & Processing
In short, with this strategy you should plan on bringing at least $5,000 to the table.
So let me give you an example:
You find a home with an After-Repair-Value: $150,000, We loan up to 65% of the ARV, so it would be an amount of $97,500.  The anticipated cost for rehab is $20,000.  Based on these numbers the purchase price could be no higher than $77,500 in order to get 100% Financing
65% ARV:  $97,500
Rehab Costs:  $20,000
A Purchase Price No Higher Than:  $77,500
Closing costs of approximately:  $5,000
In the end you’re looking at a Net Profit of roughly $45,000 (after closing costs) and you only had to come up with $5,000 up front to get the deal closed.  If you’re looking in the right place and doing your due diligence you can find these deals and you can make a lot of money.

2. GAP Funding

We see a lot of deals that come through where the margins aren’t quite there to offer 100% financing based on our terms alone.  However, we have Gap Funding partners who are willing to review the deal and based on certain criteria will agree to take a second position and fund the difference of what’s outside of the terms that we’re willing to lend on.
Typically with GAP Funding, the funder is willing to loan the difference for a split of the profits.  In exchange they’ll not only provide the additional funding but they’ll also cover the cost of closing, etc…
So let me give you an example:
You find a home with an After-Repair-Value: $150,000, We loan up to 65% of the ARV, an amount of$97,500.  The anticipated cost for rehab is $20,000.  Without GAP Funding the purchase price could be no higher than $77,500 in order to get 100% Financing.  But say the seller was only willing to negotiate down to$100,000.  There’s a “GAP” of $20,000 that you need to come up with for the rehab costs.
After-Repair-Value:  $150,000
65% ARV:  $97,500
Rehab Costs:  $20,000
Avalonri.com will lend:  $97,500
GAP Funding will lend:  $22,500
Approximate Gross Profit:  $30,000
Approximate Net Profit after split with the Gap Funder:  $15,000

3. A Business Line of Credit

The reason the business line of credit is such a good option is because it addresses the downside to the two other options for 100% financing.  The draw back to just finding a really good deal is that you still have to come to the deal with Earnest money, and closing costs and any other ancillary expenses.  With Gap Funding you might get most of your upfront expenses covered, but you end up having to split the profits which can be costly.  So lets see what the numbers look like with a Business Line of Credit.
You find a home with an After-Repair-Value: $150,000, We loan up to 65% of the ARV, so it would be an amount of $97,500.  The anticipated cost for rehab is $20,000.  Based on these numbers the purchase price could be no higher than $77,500 in order to get 100% Financing without a business line of credit.  If you had a business line of credit for $20,000 you’d have the flexibility to pick up the property for close to an additional $15,000 which still leaves you with plenty of room for making a solid profit.  At a minimum you can use the business line of credit to cover all other costs outside of the purchase price and rehab costs that Avalon is covering.
65% ARV:  $97,500
Rehab Costs:  $20,000
A Purchase Price No Higher Than:  $77,500
Closing costs of approximately:  $5,000
In the end you’re looking at a Net Profit of roughly $47,500 (after closing costs) and the big upside is that you didn’t have any upfront costs to secure the deal (earnest money) or additional expenses at closing.
Taking advantage of all three of these 100% Financing Strategies......

Wednesday, November 6, 2013

Rehab Valuator Analysis Software



Rehab Valuator Lite software is a simple, FREE real estate investment analysis and property marketing software program for the wholesaler, rehabber and real estate investor – to save you time, put an end to overwhelming number-crunching, and make you a lot more money!  This is great for anyone involved in house flipping and/or property renovation!


Hey         
If you wholesale, broker or rehab residential properties, (or if you want to learn how to),
 I have something very cool for you, so pay attention!

My friend, Daniil, just released a brand new software program called Rehab Valuator and you can get your hands on the "lite" version absolutely free!

This will literally change the way you do business, especially if you:
- are ever unsure what to offer for a property
- don't know which deals are good and which ones are total duds
- don't know how to market your wholesale deals the right way
- are struggling to close deals and build credibility with buyers
- are tired of wasting time number-crunching instead of focusing on doing actual deals!

Download this free program and finally stop spinning your wheels:

Here's what you can do with the no-cost version of the program:

Wholesalers:
- Calculate exactly what to offer on any property!
- Evaluate 2 different exit strategies for your wholesaler buyers!
- Filter out which deals to go after based on what your buyers want, all in seconds!
- Create a marketing summary you can send your buyers!

Rehabbers:
- Figure out what to pay for any property in seconds!
- Analyze cash deals or ones that require financing
- Figure out the best exit strategy for any property
- and much more!


Nobody out there gives away software like this and it won't be available for long!
Plus Daniil has detailed video tutorials online, as well as case studies of real deals and other great content! And don't worry - it's very easy to use.  No special computer knowledge required at all!

Go get your copy right now before it goes away

RH Wiggins
Avalon Holding Group

P.S.  Your ability to succeed in real estate and get deals done depends on one crucial factor:

Your credibility.
 
This software is like steroids for your credibility! By using it to evaluate your deals and create presentations for buyers,private lenders, bankers, and others, you will look like you're miles ahead of your competition!


Thanks
RH Wiggins


Tuesday, February 5, 2013

Investor Private Rehab Hard Money Loans

Rehab Private Hard Money
Hard Money or an Asset Based Loan typically used for purchase, rehabilitation, and resale of investor owned property and is consider same as a collateral based loan against a hard real estate asset. Unlike typical mortgage loans, hard money loans are provided by private sources  such as individuals, but not backed by a bank, government, or Wall Street. One can use a hard money loan if there is trouble getting approved for a conventional type loan. Since banks and agency rules are not used to guarantee private hard money loans, different guidelines are set for approval. These guidelines are made by investors for investors and are typically much more streamlined than the conventional loan process.

Need to finish your construction project? Having trouble getting your project approved through the banking system?
Call (401)236-5060 Private Hard Construction Money Available
     A hard money rehab loan is reserved for investors only as business to business and all the numbers must line up before the loan process can be started. Your loan numbers will be pre-approved to make sure the loan will make sense, not only for the rehab buyer, but for the private investor also. These type loans can be used for commercial and residential investment rehab properties. Flexible lending terms are the norm, since private lenders use their own money. Private rehab loans can also be closed through the title company much quicker and with basic documentation.

We specialize in securing rehab construction hard money loans on residential or commercial property. Purchase through construction draws with the loan secured by the asset are provided usually on a 65% ARV (after repaired value). The full purchase price of the property can be funded up to 100% plus the construction costs. As a construction loan, after the purchase and when construction starts, money draws will be sent after each stage of completion on the rehab property is accepted.

Hard Money Private Money Investor Loan Process
Working with investors like you is all we do...we share the same goal. Becoming partners with you makes future projects easier to finance. The first time we work together, there will be some extra documentation needed. Once you have pre-approved as a rehab contractor/ investor, we will move forward with your current  rehab project. Fill out the form below and we will send you a construction loan rehab application to get started. Items needed to start the pre-approval process:

  • Copy of the borrower driver’s license
  • 6 months most recent consecutive bank statements for all accounts that the borrower would like us to consider when underwriting the file for approval (both business and personal if applicable)
  •  Last 2 years tax returns (both business and personal if applicable)
  • Funds to show how the payments will be made
  • Business entity documents (operating agreement, etc) if there is a business involved.
  • Project details or executive summary (not required for pre-approval)
We are currently only securing private money within these Mid-Atlantic states*

Pennsylvania, New York, New Jersey, Delaware, Connecticut, Virginia,Investor Rehab Hard Money North Carolina, South Carolina and Maryland. (D.C. not included) Different states have different restrictions.

PA, NY, NJ, DE, CT, VA, NC, SC, MD, & DC - Send your project in for special consideration CA, OR, & TX

Investor Only Loans from $50,000 - $750,000
Credit Score 625 or Better (or co-borrower/guarantor required)
Typical Loan Term 13.9%-15.9% + 5-7 Points 
Interest only 6-12 months


If you are having difficulty obtaining conventional financing, or simply need a loan closed fast with creative and flexible terms, consider hard money.
Hard Money Qualification
Private Money Hard Loans are specific to investors and residential owner occupied properties cannot be accepted.
  • Loans are usually up to 65% After-Repaired-Value (ARV)
  • 100% of acquisition/construction
  • Both residential and commercial properties
  • Foreclosure/Bank REO properties Accepted
  • Interest only and "no payment" options are available
  • All loans must be for business or investment purposes (sorry, no primary residences)
  • Cash-out refinance possible for Investors
  • Closing usually 10 days or less
  • Appraisal always Required and paid upfront
  • Hazard/ Builders Risk Insurance required
Contact us below

*Avalon Holding Group*
88 Silva Ln
Middletown RI 02842

Office:(401)236-5060
Toll free:(866)849-2229
 Fax:  (866)421-1902
www.avalonholdingsri.com