Foreclosed Homes
Buy Cash Flow Homes in New York and Florida
July 14, 2009 by Qualified Investors · 4 Comments
Buy Positive Income Investment Homes From $32,000
With MEL Kim Investment real estate you can Buy Positive Cash Flow Homes. Finding great income generating properties throughout the country. We do all the homework for our clients and locate single family properties that will cash flow in the rental arena. Our goal is to provide quality investment homes to our clients that are in a price range in which they can be purchased with a small loan amount or even all cash. Where else can you purchase a home for $32,000 that is fully renovated and with tenant some properties are qualified for government rental help such as section 8 and can bring in more then $1200 per month. If you are tired of being upside down in your investment properties and need a few income generating rental homes that will offset your costs, then MEL KIM Investment real estate Positive Cash Flow Homes is the resource for you!!
We are a one stop shop!! Not only do we provide quality investment properties, but we provide the following services to make your purchase as easy and smooth as possible:
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When you buy an investment property from MEL Kim Investment real estate, it is a hassle free purchase because we do all the work for you!! Our property managers, in most cases, have your investment homes rented before you ever close escrow. If you’re interested in purchasing income generating properties, then kick back, relax and let Positive Cash Flow Homes go to work for you
We sell high quality, turn-key, high cash flow properties with built-in equity. Our service allows the savvy investor to purchase a property with high cash flow and equity, maximizing their portfolio and minimizing the normal headaches that accompany being a landlord.
There is no better time than now to invest in real estate. The incredibly low prices due to the foreclosure boom now allow investors to purchase property for less than before. This creates better cash flow and long term capital appreciation. Volatility in the stock market makes investing on Wall Street trickier and riskier than ever before. This makes investing in real estate the best way to increase income, build wealth and achieve long term financial security and independence. However, it is not easy…..
We invite you to see why we are the USA leader in investment property. With over 1500 properties sold and a nearly 85% return buyer rate, come see how we can assist you in your journey to building wealth through investing in real estate.
Foreclosed Homes
NO Money Down Properties| All You need is a GOOD CREDIT
June 5, 2009 by Qualified Investors · Leave a Comment
Our properties gives you the power to be financially comfortable with NO money out of your pocket. This translates into 5 to 6 figure profits for each transaction.
The homes selected for this program are new or in excellent condition, in nice neighborhoods and have a qualify tenants with a lease in place. and with a management team to take care of the home on your behalf.
Section 8 Tenant on a New One Year Lease @ $1350 a Month- Massive Cash Flow on this One!!
Appraised value $165,000
Price and loan amount $105,000 (instant equity $60,000)
Cash in your pocket at closing $5250
Money out of your pocket $0.00
Stories: 1.5
Beds: 5 Baths: 2 Sq. Ft.: 1,800
Your benefits as a Credit investor…
* No money out of your pocket. NEVER (not for down payment and not for closing cost)
* instant equity of 25% to 45% ($25000 to $80,000)
* instant cash at closing for you to spend freely ($5,000 to $30,000)
* Huge 5 to 6 figure profits for each transaction
* Positive income every month
* All tax benefits
* 100% of all the Maintenance, Tax, Management and Mortgage payment are cover from the rent.
* 100% of all Net Operating Income
* 100% of the future appreciation
* 100% of Principal Paydown
* Investment fully secured by property
* Great management team to deal with tenants and maintenance
* One Year Home Warranty.
* One Year management FREE.
The loan to the Credit investor for that purchase is a full doc. Minimum credit scores are presently 700+.
For more information please e-mail to above address with your name, phone number and your credit score.
Real estate with zero down? Why would a seller walk away from closing with nothing? They wouldn’t, and that brings an important point about real estate investing with no downpayment: The seller almost always needs to get cash at closing, but it doesn’t have to be YOUR cash.
Zero Down Example
I’m selling a rental property right now, with payments of $400/month. The buyer has good credit, and his $5,000 downpayment covers closing costs and even a foreclosure, if necessary. At this point, I don’t care where he gets the downpayment. A $6000 cash advance on a credit card for example, would cost him about $135 per month, and provide enough for the downpayment and his closing costs.
In this case, with rent around $600 per month, he’d be okay. In many cases, however, the extra $135 would cause negative cash-flow. However you do it, just be sure the numbers work. By the way, I would have accepted payments of $350, if he had asked, because it’s the price and the interest rate that are important to me.
More Zero Downpayment Methods
While some sellers (like myself) are able to offer terms and low downpayments, most need or want at least 70% of the price in cash. This means you need to think in terms of how to get a primary loan, then how to raise the money for the remainder. Some examples follow.
Some banks do “no doc” loans, meaning they don’t require verification of your income, source of downpayment, etc. They’ll generally loan 70% to 80% of the property value, so if the seller is willing to take a second mortgage from you for the other 20% to 30%, you’re in with no money down. The seller gets 70% or 80% now in cash, plus payments for years to come. You’ll have two payments, of course, so be sure that the numbers work.
You can borrow against your home or other property you own to come up with downpayment money. You can borrow from friends and family. You can borrow against your car if you owe nothing on it. If you borrow for a “vacation,” and leave whatever you don’t spend in your checking account for a while, you can use it without violating bankers rules about borrowing for a downpayment.
There are usually a few “note buyers” around, even in smaller towns. These investors buy land contracts, mortgage loans and other “notes” at a discount. Say a seller takes a purchase money mortgage from you for $100,000, for example. A note buyer might pay him $85,000 for it. How does that help you or him?
An example: A seller prices his property at $194,000, but expects to sell it for about $180,000. You offer $205,000 (making sure you’ll still get cash flow) in the form of a mortgage for $160,000, and another for
$50,000. You arrange for the sale of the first mortgage at closing for $136,000 to a note buyer. The seller gets $136,000 cash, plus payments from you on the second loan for $50,000. Notice this adds up to $186,000, which is more than he expected to get out of the deal.
These are some of the ways you can buy with zero down. Real estate investing is about making a deal work for all parties. Find ways to get what you want, and get the seller what he wants. That’s more important than having large amounts of cash on hand.
If you are investing in single family homes, and want to do so with zero down, you may also want to read the article on
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