Two R2 Projects! Build New Duplexes! Both in the 90061 Zip Code!
1229 E. 109th Place Los Angeles, CA 90061
R2 Zoning Existing SFR is a 2/1 756 SF Lot size 5325 SF Will be delivered vacant! Price $418,000 – Buyer to take over or buy out the existing solar lease (buy-out it $18,000)- EMD $10,000 Closing February 21
437 W. 111th Place Los Angeles, CA 90061
Existing SFR is a 2/1 876 SF
Lot size 7003 SF VACANT!
Closing February 10 Both of these properties are in nice neighborhoods of South-Central Los Angeles. Perfect to build new duplexes, add ADU’s, or expand the current SFR’s.
Regardless if you are a seasoned real estate investor, a savvy house-flipper or an entrepreneur in need of your first real estate loan, my lender partner can help you finance your vision.
They offer asset-based financing that rivals hard money. And because time is money, their loan processing is fast and streamlined so you’re on your way to realizing your vision quickly. These loans are perfect for short-term, long-term or fix-and-flip transactions.
Their flexible investment property and small commercial loans are available for:
30-year Investor Loans with No Balloon.
Consider locking in the historically low rates with no balloon payments.
The loan is designed for investors seeking a simple financing solution for purchase or refinances, with the flexibility to remain in the loan for up to 30 years.
This loan eliminates the balloon payment associated with private money loans, along with the rate hikes of adjustable-rate mortgages.
Because the FlexPerm loan is asset-based, it’s perfect for independent, buy-and-hold real estate investors and small business owners who are tough to qualify.
Great for qualifying W-2, self-employed investors and small business owners.
Based on the property value and its revenue-generating potential.
Best alternative to hard money loans.
Available as a 3-year-fixed or 30-year-fixed loan, each amortized over 30 years.
Loans for Fix-and-Flip Investors.
Fast and flexible fix-and-flip loans for real estate investors
Renovations can be hard work. Arranging the right financing solution should be simple and quick.
In as little as nine days, you can obtain up to $2 million in funding for your investment acquisition.
Their ARV loan is designed for independent real estate investors who are often tough to qualify. Based on the property’s “as repaired value” (ARV), it’s the best short-term, interest-only solution for acquiring and improving property value for fix-and-flip investors.
• Allows borrowers to finance improvements.
• Great for borrowers who need a quick close.
• An interest-only 1-year term provides lower monthly payments.
• A higher LTV than hard money lenders.
• Available for Investor 1-4 properties (SFR, condo and 2-4 units).
Even if you have a bankruptcy, you can still get financed after 24 months after the discharge date.
Quick and Easy Qualification for Investors and Small Business Owners With Credit Issues
Investing in residential and commercial properties is a long-term commitment so why should your options be limited? If you’re looking for an easy and quick qualification for your investment property loan, and you have credit issues and high equity, I can help.
Whether it’s a purchase or refinance, this loan offers easy credit requirements for your residential investment and small commercial properties.
• Great for borrowers with a recent bankruptcy or notice of default.
• No seasoning of ownership required.
• Derogatory mortgage history is OK.
• Available as a 3-year-fixed or 30-year-fixed loan, each amortized over 30 years.
This is a nice opportunity to develop a large lot in Northeast Los Angeles (NELA).
This is a hot area, with a large amount of development going on by investors and builders.
It will be delivered vacant, which is always our first concern.
There is value in this project, whichever strategy you initiate. We have been told that you can build up to five (!) units on this large lot, but do you own due diligence with the city.
Take a look at the numbers: – existing single-family home, 3 beds and 1 bath, is 1314 sf – great lot size! 8242 sf –Delivered vacant! – closing date is August 30 – EMD is $10,000 – Purchase Price is $765,000
Hard Money & Private Funds Available for Investors
Loans from $75,000 Not many lenders arrange loans as small as $50,000. We will!
Fix and Flip We lend up to 90% of the purchase price and 100% of the renovation budget. In addition, we don’t charge interest payments on the rehab dollars until it is drawn.
Competitive rates and fees You came to the right place if you are looking for a private or institutional hard money!
Bail Out Loans An equity-based program. If we can keep it under 65% LTV, we can bail you out in 7-10 days. (Only CA and TX)
Commercial, Land, Agricultural and Specialty Properties Commercial, apartments, land, Wearhouse, partially completed construction projects, industrial, automotive and many other types of properties are those we lend on.
2nd and 3rd Mortgages We arrange second and third mortgages every month. (Only CA, TX)
Construction Completion/Development Project Got construction project? We have multiple ways to structure your file, so you can complete your project and get it sold!
Business/Merchant Funding Do you need working capital/payroll/expansion for your business? We can fund in 5-7 days. To qualify, all we require is the business to be established for at least 6 months and provide 6 months business and credit card-merchant processing statements. Long Term Rental Loan Programs We offer 5,7,10 and 30-year fixed term, starting at 5.875% rate and can leverage up to 85% LTV
Here’s a duplex in L.A. near USC! The property is zoned LAR2, and is currently rented at below market rents, which is one reason we obtained the large discount from list price. The tenants can be relocated with the proper allowance, so take that into account when doing the math.
It’s a very nice street on the north end of South L.A., and has potential to be a great long-term income property once fixed and rented.
Here are the details: – existing two units 1/1 up and 2/1 down- 2168 square feet- lot size 5480 sf- EMD is $10,000- closing date is July 23- tenants paying just $500 each ($1000 total)
– Purchase Price is $450,000 (it’s currently listed for $510,000)-
Remodel cost guesstimate $80,000-ARV around $630,000
A vacation home might seem like it belongs squarely in your “dream goals” column—something you’ll invest in if you come into a windfall of money. But the truth is, a second home is more attainable than you think. In fact, it could even be a smart financial strategy! If a vacation home is on your radar, here’s what you need to know.
Vacation Home Statistics
According to HomeAway’s 2016 Vacation Rental Report, 70 percent of vacation
home owners pay more than half of their mortgage with rental fees, and 54
percent cover more than three-quarters of their mortgage. That represents an
average $28,000 in annual income with fewer than 10 hours per week of work. And
since the typical vacation home owner rents out their second home for only 18
weeks of the year, there’s still plenty of time to enjoy the property for your
Choosing a Sound Investment
Investing in real estate is far from a sure
thing, but there are a few things you can do to make sure the numbers work out
in your favor:
Choose a location with a strong rental market. Renting out your vacation home is a great way to generate passive
income. But if renters are in short supply or prices are low, you’ll lose
money maintaining your second home. And if you select a location that relies on seasonal
tourism, like a ski town, you might not be able to use the vacation home
when you want to.
Buy smaller and add your own garage space. Sometimes the best choice is to opt for a smaller space. You can
save money on the purchase price as well as utilities and insurance. If
you buy a smaller freestanding home without a garage, you can easily add a
detached prefabricated steel garage that can house
your car or function as extra storage.
Vacation for less than two weeks each year. If you use your home for less than 14 days in a calendar year,
it’s considered a rental property, and you can deduct rental expenses like
management fees and depreciation. While you’ll have to pay taxes on the
rental income, you’ll come out ahead if you rent the property for most of
Or rent out your home for less than two weeks each
year. If two weeks of vacation isn’t enough,
there’s another tax rule that can work to your advantage. If you rent out
your home for less than two weeks each year, you don’t have to report the
income to the IRS. This is a great option if you’re near a big annual
event that lets you charge higher rental fees. You won’t be able to deduct
rental expenses, but you can deduct mortgage interest and property taxes.
For more information on how rental use affects tax obligations, read the IRS
rule or this breakdown from Bankrate.
Buy a home you’d like to retire to—at least
temporarily. When you sell a primary residence,
the first $500,000 in profit is exempt from capital gains taxes ($250,000
if you’re single). However, this exemption doesn’t apply to vacation
homes, with one caveat. If you live in your second home for at least two
years before selling, you can take advantage of the primary residence exclusion. This is a
smart solution if you want to retire to the beach but aren’t committed to
staying long term.
Protecting Your Investment
Making money off your second home only works
if you take good care of it. Whether you’re renting or selling, it’s important
to keep the property in good repair to get the best price.
If your primary residence is far from your
vacation home, hire someone to handle maintenance and coordinate cleaners. If
your vacation home is vacant for extended periods, invest in a strong security system and ask someone to
check in periodically. If you have a swimming pool, be sure to install safety
features like temporary fencing and pool covers to keep trespassers and
wandering children out. And don’t forget to maintain the exterior, even when
the property isn’t in use. Curb appeal is a major selling point, and you want
your property to leave a good impression on prospective renters.
Whether your priority is generating income or having a gorgeous place to vacation, a second home is an excellent option. With the right property, you enjoy a convenient vacation destination, a potential retirement property, and passive income to enhance your lifestyle. Choosing the right vacation property for your personal goals is complicated, so consult your realtor and accountant for help making the best choice.