5% Down Loan Option on Select New Builds - EXTENDED VERSION
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- Опубликовано: 4 июл 2023
- Welcome to our RUclips channel! In this video, we're excited to discuss the fantastic opportunity of a 5% down loan option on select new builds. Are you a prospective homebuyer looking to enter the real estate market with a limited budget? We've got you covered! Discover how you can secure a low-deposit loan, allowing you to own your dream home sooner than you think. Join us as we explore the benefits, financing options, and affordable housing solutions available to you. Don't miss out on this valuable information for first-time homebuyers and anyone seeking to invest in real estate. Watch now and take the first step toward homeownership!
Rent To Retirement's CEO and Founder, Zach Lemaster gives an update on the newest 5% down loan option featured from Rent To Retirement.
To learn more about this opportunity, visit our website at: renttoretirement.com/alnewbui...
To take advantage of this investment opportunity, please follow these steps:
- Watch the videos to fully understand the opportunity
- Complete your entire pre-approval with the bank here: apply.allincu.com/#/loan-offi...
- Download our self-approval form from this page, fill it out, and email it to admin@renttoretirement.com with the subject line “95% Financing Approval Form”
- Your Rent to Retirement rep will reach out to you to discuss the opportunity and identify any properties that might interest you.
Disclaimer - pre-approval time is very lengthy but the bank is bumping people with signed contracts to the top of the pile. Signing contracts before receiving the pre-approval is only possible by sending in the self-approval form from this page
WATCH THE VIDEO ON THE ORIGINAL 100% FINANCING: • UPDATE: 100% Financing...
FOLLOW THIS LINK FOR THE RENT TO RETIREMENT WEALTH CALCULATOR TOOL: renttoretirement.com/tools/
Learn more about us at: www.renttoretirement.com
If you are interested in real estate investing, please reach out to us at
info@renttoretirement.com or call 800-311-6781
Follow us on social media or take a look at our website!
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/ renttoretirement
/ renttoretirementinvest
Any issues you’ve seen with really high homeowners insurance rates? Seeing some concerning articles as recently as last month about rates spiking to the $4200ish levels? Flood/wind insurance required down there?
How quickly are you seeing tenants rent out the properties here? Just thinking through how long they may sit on the market. Thanks for all you guys do!
Thanks for the great question that is probably on everyone's mind Adam! Many of these have a lease guarantee for the first year to ensure you do not have any vacancy. Make sure to ask your RTR rep about that. We did confirm with the local property manager that their average leasing time is 16 days, which is reassuring. This is a market that has increasingly high rental demand. Hope this helps!
Is property management and tenants placed for the first year? Any first year guarantees?
Yes, management is in place and there is a lease guarantee on many new construction properties that qualify for this loan program. Make sure to confirm with your RTR rep!
Loved the deep analysis! Thanks
How long does is it taking for these new builds to be move in ready? When do you need the down payment, when its built and ready to close or when you start the contract?
Love the video. One of your reps will be hearing from me soon!
Thank you so much! Glad you found the video helpful and we look foward to hearing from you.
What if you decide that you want to move into the house after a few years? Is there any set time period that you have to rent it out before that?
No, there is no set time. You could move in right away if you decided to.
Are you allowed to make extra payments on the loan every month to pay off the loan faster? And can you sell the house if you want to after a year or two? Thanks!
yes to both
Hey Zac, I need to hear your thoughts on using a HELOC for this down payment. Does it make sense when you have to pay that back as well?
At that point in time you'd be 100% financed (like you would have been with their initial loan product). As long as you can swing the monthly payment, and understand the plan for the property, you should be fine. Just make sure you have the financial capability to cover the payment.
HELOC is a fantastic way to acquire more properties and a resource everyone should be exploring that has equity in a home. This is how the wealthy continue to build wealth in REI. They buy property, let the equity grow, then use the equity to buy more rentals causing a compounding affect! So short answer is YES, but you of course need to understand all the details for your situation and the property details to see if it makes sense. Reach out to our team to assist you in walking through this.
Are these properties recommended for new investors?
We certainly do recommend new construction for new investors if this fits your financial and investment goals. New construction offers predictable returns with less variability in things like maintenance, vacancy, etc. This particular loan option may or may not make sense for each person. That is why we recommend speaking with our team to fully understand all that this entails & if it is right for you.