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Thank you for taking the time to read this.I'm a Investor and
Banker. Licensed in 48 states.with over 10 years experience in NMD and
Trading I welcome the opportunity to brainstorm with members on
proposals they are considering. let me offer the following for
consideration.
Hands down Flipping is a very profitable venture, problem is in most
areas, inventory of solid properties and newbies to the game drive
prices up and our profits down. Consider New Construction
oportunities.
1. With scores of 620 and above you can obtain a construction to perm
loan( 1 time close) with NO MONEY DOWN!! NONE!
2. Because its new construction there are NO structural surprises that
get uncovered.
3. No shortgage of land( in most areas) so you are able to flip as
often and as much as you have time for.
4. No payments during the construction period (6-12 months)
5. Up to 4 homes at a time!!!
6.No closing costs other than appraisal and blue prints. Your out of
pocket is limited to 1000.00 per transaction and returned to you at
closing.
7. Depending on the state your in 15% to 30% at the time of sale. Do
the math 200K sale price 1 unit started every 3-4 months is a nice
100k a year additional at 15%
8. With higher scores the process is completed as a STATED INCOME loan
Hope this starts the creative juices, please feel free to call and
talk
I offer the following types of financing
construction loans
all residential re fis and purchases
100% financing
chapter 13 bail out to 100%
hard money to 70% stated
small commercial to 1 mil
Yale W Hamrick
248 395 0055 x 242
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New Oppurtunity
