Real Estate Investor Tip of the Day – June 1, 2012
The market for Real Estate Investment Properties is getting tight in Antioch, Pittsburg, Oakley and other communities in California.
My standard advise for Investors is to finance your purchase, so as to save capital for more investments. However, in this market having cash when you buy is a big plus. (Just a reminder – Don't expect a cash discount – just expect the Cash to get you near the front of the line.) There are multiple offers on almost every property. Cash and a quick close will help you get the Investment Property.
But that is not the Real Estate Investing Tip. The tip is that right now there are loan programs that will let you cash out refi a non owner occupied property. So you can have your cake and eat it too. Cash Purchase and finance the property. There are restrictions – You have to wait 6 months and they will only refi to 75% of the purchase price or appraised value – which ever is less.
Loan Programs are always changing as is the Real Estate Market. Let Home Point Real Estate be your advisor for Real Estate and Real Estate Investing. Click Here to get the Free Real Estate Investing Book and Investor Calculator. Or just call us at 925-260-4321.