I hear it all the time….
I hear how it’s virtually impossible to buy a home and be sitting with EQUITY in it. Well, that’s probably true most of the time because if you have purchased a home with equity in it, the seller left it on the table for you.
HOWEVER, there is a way to come up with a plan that is HONEST and LEGAL and can bring you a tremendous amount of EQUITY in your home purchase.
It involves a very knowledgeable agent, a great loan officer, and a general idea of what you want out of a property. Right now, I know of at least TWO homes that can be purchased under market value and leave you in a nice home with $15,000-$50,000 in equity.
It’s for homeowners…not investors, so don’t get over aggressive yet, but you only have to commit to living in the home for a year so it’s not like chains that bind you!
Here’s an example of a client I’ve been working with:
The ARV or after repair value of the home is in the $190,000-$225,000 range. ARV means the after repair value…basically, after any required updating and fixing up is done, this house will sell for $190,000-$225,000.
The total loan that my clients are taking is $148,500. Of course, just as with any mortgage, there will be costs associated with the loan and closing so add $12,000 to total closing and they have invested $160, 000 roughly into a property that will now appraise for $190,000-$225,000.
Are you FEELING THAT? Yeah, that’s $30,000-$60,000 in EQUITY upon completion and move in!
So are there any glaring negatives to the plan? Not really…you’ll have about a month or two that your home is not in liveable condition after you close but that depends on your contractors that you hire.
I’ve got all the details on how to do this….
Here’s another secret to the deal:
MOST AGENTS DON’T KNOW ABOUT THIS OPPORTUNITY
MOST LOAN OFFICERS THINK IT’S TOO MUCH WORK TO DO!
Call me now to find out about this program…It’s an amazing program. One of those things that are ALMOST too good to be true, but it’s a REAL, LEGITIMATE opportunity for the home buyer with some time TO PLAN accordingly!
Ron Tarvin, Broker
(281) 935-7152 Direct or Text