Where buyers can find money to do more deals

There are various myths encompassing property investments and one of the most heard among those is only wealthy individuals can invest in real estate. But in reality, you now have various financing options available including savings, mortgage loans, lines of credit, private money etc that can let anyone make such investments. Fruitful property investments encompass solid personal strategies which are not haphazard, random or uninformed. Here, we’ve jotted down some highly useful financing options to help people who want to become fast house buyers.

  • Savings: This is hard-earned money you put aside and keep in a safe place. Most importantly, this money can be accessed very quickly when you need it and be invested instantaneously with minimum delay. It makes sense to keep hold of a robust savings amount to invest in real estate.
  • Mortgage loans: This is one of the most preferred ways for most property investors. Majority of the conventional mortgage loans require a minimum of 20% down payment but it can extend to 25-30% for property investment depending on the lender. These loans generally come with lowest interest rates. Additionally, if you can make higher down payment, you may become eligible for even better interest rate.
  • Lines of credit: This is another widely used option that investors planning to become fast home buyers choose to finance their investment property purchase. Banks and other financial institutions offer different products including line of credit that empowers you to tap into your own equity. For instance, you can purchase a mortgage-149882_960_720property but rather than going through the general hassles of finding finance, you can take out a line of credit on your own house to pay for it. Remember that you must have equity in your house to obtain a line of credit. Banks usually lend up to a specific percentage of the total value of your home. Though this percentage varies between lenders but finding a financial institution that offers as much as 90% of your home’s value won’t be that much difficult either.
  • Private money: Though private money is much similar to hard money, the main difference lies in the relationship between the borrower and the lender. Unlike hard money that comes from professional lenders, private money is offered by individuals looking for higher ROI. Private money lenders provide money to purchase property in lieu of specific interest rates. Here, a promissory note is used to ensure the security of the lender’s investment. In case you don’t pay, they may foreclose and take the ownership of the property.

As we’ve discussed, there are different ways to arrange funds to perform more deals and become fast house buyers. However, since every deal differs from the other, it makes sense to have a solid understanding of various funding options to move ahead.

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Estefania Castaneda
Estefania Castaneda
17:24 04 Sep 21
Extremely pleasant, attentive to all my needs always. It was a pleasure renting an apartment from Ken.
Vichai Soysouvanh
Vichai Soysouvanh
14:17 03 Sep 21
Can't say enough about Ken and his team. This was the most seamless sale I made. I didn't have to deal with all the... nonsense that comes with selling your home. They bought my house as is, I didn't have to declutter and pay a broker commission. All in all great experience, will do business again.read more
Niki Keser
Niki Keser
17:46 06 Aug 21
I had a wonderful experience renting one of their properties for 7 months. The apartment was beautifully remodeled and... Ken and his team were always responsive to any needs. I would recommend to anyone looking to sell or rent.read more
YASMINA VASQUEZ
YASMINA VASQUEZ
15:13 02 Aug 21
Ken and his team were professionals ,they promised and they delivered or anything
Alfredo Garcia
Alfredo Garcia
03:20 17 Jun 21
Selling my property too Ken was the best thing I did. Although I was skeptical at first I soon found out how... professional he was. Even though my closing contract was not standard because of the pendemic situation. He followed through on time with all the contract terms as promised. Thank you Ken for your professionalism.Alfredo Gread more
Vishrut Patel
Vishrut Patel
23:27 19 May 21
Ken was referred to us by someone who had sold their home thru Ken last year. From the first meeting to the last... transaction, Ken and his team were professional, efficient, easy to work with, and above all.... caring. Each seller's situation is different, and Ken truly understands that. We were treated with respect each time.Since we were in a time crunch situation, selling our home with a cash offer from Ken was the best decision we could have made. We were perfectly okay with getting slightly less money for our home as compared to selling it via an agent. But if you consider the money saved on agent commissions (both buyers and sellers), closing costs, repair costs, attorney fees, and most important of all... time and headache, you can't beat the option to sell your home with a guaranteed cash offer from a reputable buyer like Ken.My wife and I were very pleased with our experience with Ken. If you are in the market to sell your home fast for a cash offer, I highly recommend giving Ken a call!Best of luck!Vishread more
Christopher Martino
Christopher Martino
14:19 10 Mar 21
Ken and his team were great. They were easy to work with, professional, and responsive. If you are thinking of selling... your home they offer a super easy process.read more
Chelsea Grant
Chelsea Grant
15:36 03 Jan 21
I am a travel nurse and stayed in a town home for 3 months... It was exactly as described and any issue that came about... was handled within a few hours - I would definitely recommend and I would definitely stay again!read more
Aaron Zachko
Aaron Zachko
12:41 14 Aug 20
Amazing experience! Ken was upfront, quick and got the deal done in no time. Having done a number of real estate... transactions this was by far the easiest and smoothest. I would unconditionally recommend him to anyone looking for an easy, quick and fair transaction.read more
Joseph Tricarico
Joseph Tricarico
19:10 26 Mar 20
Ken is a very professional individual from start to finish. As promised, he gave me a fair deal on my one of my... properties that was in rough shape. He was knowledgeable and responsive to my requests and as promised we didn't need to waste time with inspections and appraisals and we closed quickly. He made it painless as possible by having his crew handle the clean up. This was truly a quick and easy process but a professional individual. Thanks Ken!read more
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