5% DOWN FOR INVESTORS??? YEP!!! HOW????
THAT WOULD BE MY QUESTION, IS IT YOURS? NOT ONLY CAN YOU BUY THEM FOR 5% DOWN BUT MOST OF THE TIME THEY NEED VERY LITTLE WORK AND THEY CAN BE PURCHASED FOR BELOW MARKET PRICES!!!
THE VETERAN'S ADMINISTRATION HAS BEEN OFFERING THESE PROPERTIES FOR AT LEAST 35 YEARS AND I HAVE BEEN HELPING INVESTORS BUY THEM SUCCESSFULLY FOR THAT LONG! THEY ARE AVAILABLE ALL OVER THE UNITED STATES AND ITS TERRITORIES TO INCLUDE PUERTO RICO AND GUAM!
THE PROPERTIES ARE ACQUIRED FROM BANKS WHICH TAKE THEM BACK FROM SERVICE MEMBERS OR VETERANS WHO BECOME DISTRESSED HOMEOWNERS AND CAN NO LONGER PAY THEIR MORTGAGES AND FORFEIT ON THEIR LOANS AND THEN THE HOUSE GOES BACK TO THE BANK WHICH CLAIMS THE GUARANTEE CLAUSE AND GIVES THE HOUSE BACK TO THE VETERANS ADMINISTRATION WHICH FIXES IT UP AND RESELLS IT TO THE PUBLIC. THROUGH A BIDDING PROCESS. THERE IS A FORMULA FOR THE WINNING BID WHICH CAN VARY FROM PROPERTY TO PROPERTY.
THE MAJORITY OF REAL ESTATE BROKERS AND AGENTS WILL NOT BE AWARE OF THIS PROGRAM BECAUSE HISTORICALLY THEY BELIEVE THAT THERE IS TOO MUCH RED TAPE INVOLVED AND HAVE PASSED THIS BELIEF DOWN THRU GENERATIONS OF REAL ESTATE AGENTS. JUST AS MANY AGENTS BELIEVE THAT INVESTORS ARE A WASTE OF TIME TO WORK WITH. IN MY CAREER I HAVE FOUND JUST THE OPPOSITE TO BE TRUE. IF YOU WANT TO PURSUE THE PURCHASE OF A VA OWNED PROPETY AND NEED A REFERRAL TO A QUALIFIED, KNOWLEDGABLE REAL ESTATE BROKER IN YOUR AREA, PLEASE CONTACT ME AT [email protected]; AND I WILL PUT YOU IN TOUCH WITH SOMEONE IN YOUR AREA WHO IS COMPETENT WITH THE ACQUISITION OF VA OWNED PROPERTIES.
TO FIND VA OWNED PROPERTIES IN YOUR AREA GO TO VRMCO.COM AND THEN CHECK OFF LISTINGS IN THE UPPER RIGHT HAND CORNER. YOU WILL BE ASKED FOR STATE OR AREA IN THE MIDDLE AND THEN PUT IN THE AREA YOU DESIRE. WHEN YOU RECEIVE THAT YOU WILL SEE A LIST OF PROPERTIES AVAILABLE IN YOUR CHOSEN STATE (I GENERALLY PUT IN THE STATE AS THE CITY WILL ELIMINATE PROPERTIES THAT MIGHT BE 10 MILES FROM YOUR HOUSE). ONCE YOU HAVE DONE THAT LOOK FOR SPECIAL FINANCING AND CHECK OFF VENDEE FINANCING AND YOU WILL GET A LIST OF 5% DOWN PROPERTIES. YOU WILL ALSO SEE ON THE RIGHT HAND SIDE INFORMATION ON AN AGENT TO CONTACT--DO NOT CONTACT THIS AGENT!--HE WORKS FOR THE VA AND IS NOT YOUR REPRESENTATIVE--HE OR SHE WILL NOT HELP YOU GET THE BEST DEAL. YOU NEED YOUR OWN AGENT TO GET YOU THE BEST DEAL POSSIBLE.
AGAIN IF YOU NEED REPRESENTATION CONTACT ME AT [email protected] AND I WILL GET YOU SOMEONE QUALIFIED WITH THIS PROCESS ASAP!
TO GIVE YOU A QUICK EXAMPLE OF HOW LUCRATIVE THIS OPPORTUNITY CAN BE I HAVE A MENTORING CLIENT THAT PURCHASED A VA OWNED PROPERTY A FEW YEARS AGO AND PUT IN A TOTAL OF $10,000 INCLUDING DP AND REHAB (IT WAS A SMALL PROPERTY) AND EACH YEAR HE NETS $10,000 AFTER HE PAYS HIS MORTGAGE. FROM RENTS HE TOOK OUT $60,000 THE FIRST YEAR WHEN HE REFINANCED IT. OF COURSE I SET IT UP THAT WAY TO ACCOMPLISH HIS GOALS AND OBJECTIVES. THATS WHAT A MENTOR DOES.
NEXT TIME: FHA/HUD AND FANNIE MAE FORECLOSURES; THE STARK REALITIES
HAVE A BLESSED DAY!