Some down payment assistants programs are normally obtainable, currently this money is not being offered under these market conditions for this first time buyer VA loan program. As a first time buyer on an investment property there are a number of recommended steps you must take to close a successful real estate investment purchase. A typical first time investor will be purchasing an investment property to place their own business in.
In a situation like this, in many cases the previous financials from the former owner may not be sufficient to justify a traditional real estate investment bank loan. Brisbane’s No.1 Property Valuation Co. Which can be troublesome especially when forecasting the success of your business finances show strong growth in the years to come. If a first time buyer is faced in a diffult loan approval situation a hard money investment loan is a viable alternative to traditional bank financing for real estate investments.
With a 10% investment into the property, first time investors are often able to convince the seller to hold a note for 25% of the purchase price. Through one of Greatland Financial’s private investors, first time investors can purhcase can be financed in a mortgage loan for 65% of the purchase price. The investments are secured by real property evidenced by a deed of trust. We originate trust deed investments on behalf of our investors and we invest in trust deeds in which the total loan amount does not exceed 65% of the property value.
Greatland Financial offers Private Money Loans for quick, flexible mortgage solutions with a lot less paperwork than conventional lenders and has the ability to offer creative financing solutions with common sense underwriting. All residential properties, these bank owned homes range from beach front condos in West Palm Beach to single family homes in historic Sacramento and Silicon Valley. At today’s bargain prices you won’t want to miss this opportunity to pick up that perfect bank owned beauty in two of the country’s most desired real estate markets.