2016 Acquisition Opportunities

opportunity-2014Rental Property Acquisition Opportunities Abound for Q3 2016

Contrary to the impression the media has been painting of an incredibly tight real estate market with little inventory to choose from, a variety of states are putting more homes on the auction block, with billions of dollars in REOs still in the pipeline. We are offering rental investment loans faster than ever.

The U.S. housing market is shaping up, and strengthening, but for those eager to bulk up their portfolios with additional rental properties there are plenty of options, with attractive discounts. Our blanket loan program is full of options for the investor.

Hundreds of Homes Coming to the Auction Block

Detroit recently announced hundreds of homes being lined up for auction from as little as $1,000 each.

One of the newest comers to the mix is New York. The State is finally closing on its first rounds of acquisitions of Sandy area properties, hundreds of which are planned to be auctioned to investors for remodeling and re-building.

Even sizzling hot San Diego County, California which has reported one of the strongest property markets, and which he media has pointed to as one of the tightest for housing inventory could be lined up to offer thousands of homes. RealtyTrac reports the county still offers sizable foreclosure savings in excess of 22%, with the discount widening in favor of investors by double digits in 2016. UT San Diego reports more than 37,000 homeowners owe over $88M in back property taxes which could put them on the foreclosure train, if they aren’t already headed to the auction block.

Underwater Homes, Late Payers & REOs

Despite the huge run up in Southern California home prices over the last couple of years, and rumors of bidding wars, UT San Diego reporters say local home prices are still 50% below their peak.

Trillions have been added to U.S. household wealth from rising home equity since 2008, yet there are still just under 10M American homes underwater on their mortgages. Many still may walk away from these homes, or be squeezed into foreclosure as banks become less lenient on late payers. Apply now to see if you qualify to snack some of these properties up.

The Distressed Pro blog which compiles mortgage data from banks showed around $6B to $7B in residential REOs still on the books of U.S. banks at the end of the first quarter 2016. This represents just around 30% of all REOs, and doesn’t count non-performing loans piled up behind them.

Even though foreclosure continue to spike in some regions RealtyTrac does show foreclosure activity down slightly year over year. According to the data compiler the top 5 states for foreclosures in December 2015 were Florida, Maryland, Nevada, Illinois and Ohio. 1 in every 436 Florida housing units received a new foreclosure notice in May. In many central Florida counties pre-foreclosure rates still appear to be at peak levels with around 1 in every 299 units receiving a foreclosure notice last month.

Market Wide Open for Savvy Investors with Access to Capital

According tothe National Association of Realtors 2015 Home Buyer Profile report regular home buyers are showing less interest in trying to chase down distressed foreclosures. This could be a combination of believing there aren’t many available, as well as having experienced very deeply distressed units or hassles with short sales. Big equity funds are out of the competition too, and instead are now funneling their funds down to investors to help rather than competing with them. Compare our rates to get in on the game.

This leaves billions of dollars in discounted properties up for grabs for income investors with access to capital. Thanks to new Buy to Rent mortgage programs from RentalHomeFinancing.com that cash is available for bulk buying and locking in both passive wealth building and long term passive income generation.

Apply now or call us today at 888-375-7977.

Read 13796 times Last modified on Monday, 05 June 2017 08:04

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    While you know how important finding the right location is, finding it can be a challenge. Even more challenging is finding a variety of locations that can effectively diversify your portfolio.

    Important things to look for when choosing cities to invest in are the growth rates for both jobs and rent prices.

    With funding from direct money lenders, you can finance the purchase of rental properties in some of the hottest markets in the country. Here’s a look at some of the best cities to invest in.

     

    Oakland, California

    Rent priced in Oakland California has been benefitting from increases in demand driven by folks from San Francisco seeking more affordable housing.

    Las Vegas, Nevada

    Las Vegas has a tale of two markets, one for homeowners and another for rental properties. The plight of the housing market for single-family homes in Las Vegas is well-known. Meanwhile, the demand for rental housing is surging.

    The growth has been driven in part by developments in the gaming industry which is bringing in more people looking for rental housing in the area.

    Seattle, Washington

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    Atlanta, Georgia

    Rentals are up 3.5%, and job rates up 1.8%, that are above average. Prices for rental properties are becoming more manageable.

    Orlando, Florida

    Orlando is a high demand market for rentals, with single-family residents and lots of tourists. Their employment is up 3.2%, and rent is up 3.5%.

    Chicago, Illinois

    Solid rent growth, that is up 1.9%, and with people wanting to stay because of the job growth is up 1.6%.

    Detroit, Michigan

    A boosted economy and recovered manufacturing, led by the auto industry, keeps Detroit thriving with rentals. Their growth in employment is up 2.1%, while their rent is up 2.7%.

    Dallas, Texas

    Stable jobs and first-time homebuyers are getting talked out of owning their home, keep rental properties thriving in Dallas. Their employment growth is 2.9%, and rent growth is up 3.5%.

    Memphis, Tennessee

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    Miami, Florida

    Between the warm weather, affordable housing, and being a beach city, has made it one of the highest profitable cities to have rental properties. People are always looking to rent out for vacations, or full-time for jobs.

    The best neighborhoods to invest in are, Brickell, Biscayne Island, Douglas Park, and Flagami.

    San Diego, California

    San Diego is the second-highest profited city from rental properties. They also have warm weather, affordable housing, and are a beach city. Being one of the largest cities in the US, they are more likely to have full-time renters, staying for their jobs. Tourists make up the last bit of profit that apartment renters don't.

    Technology advances growing in San Diego has caused job growth and an expanding economy. Investors are expecting property values to increase along with the rent being up 3.5%, and job growth 2.5%.

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    All of the preceding cities offer tremendous opportunities for real estate investors looking to cash in on rental properties across the country. For the most ambitious of you, a blanket mortgage to consolidate the financing on multiple rental properties under one loan.

    There are many strategic advantages to these loans, including low payments that are predictable and easy to manage compared to having many separate loans on each property.

    Many of you might not wish to settle for investing in one city alone. Each city has something to offer and blanket mortgages can make it easy for you to take advantage of opportunities in all of these cities.

    When working with a direct money lender, be sure to ask about stated income loans as well. With a state income loan, you won’t have to furnish your tax returns to qualify for financing. Many property investors appreciate the flexibility of stated income loans and find them much more favorable than anything offered by a bank.

    One thing that doesn’t change in between cities is the general inflexibility of banks and credit unions when compared to more limber financiers like direct money lenders who aren’t held to the same regulations.

    Snatch Up Profitable Income Properties in Choice Cities with Rental Home Financing

    Income-property investors who work with Rental Home Financing to raise capital to enjoy favorable terms and easy access to funding. You can get great deals on loans and raise the capital you need to get in on these hot markets across the country. With so much opportunity out there, you should already be on the phone, call today and start growing your real-estate empire, with Rental Home Financing.

    Reach out to Rental Home Financing for a golden opportunity to acquire rental property that can put money in your pocket!

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    Seasoned investors take advantage of refinancing their rental properties for a number of reasons. They may be able to qualify for a better loan than their original loan, a change in interest rates, the value of the property may increase, or may need to make some improvements.

     

    In addition to saving money with lower payments, a cash-out refinance will give you some extra cash to make new investments. A cash-out refinance generates a larger loan than what you would have had with your previous balance. The extra money in that loan can be used to finance the acquisition of additional rental properties.

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    Taking out more capital from the refinance is less expensive in the long run than applying for a separate loan altogether.

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    If you are pursuing acquisitions for multiple properties, keep in mind the possible effect refinancing may have on qualifying for those properties in the future. Find out how much is safe to refinance, so it does not compromise future loans for more properties. If you max out your debt, lenders will not be able to loan you the money to acquire another rental property.

    Costs Involved With a Cash-Out Refinance

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    Investing in real estate with smart tax strategies and knowing how to negotiate out liens and other fees others don’t know how to, have a significant advantage in the market today. However, even simple tweaks such as using superior investment property loan programs and lenders can make a substantial difference in profit margins and net returns.

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    Ongoing cash low and operational profit margins are enhanced by:

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    • Streamlined access to more capital for rental property portfolio expansion
    • Ultimately blanket mortgage financing can both help investors reduce risk, and increase rental property returns. Why even think of using any other type of leverage?