“Want to Become an Investor?”
Thanks for taking time to chat today, for sure you are an expert that I can learn from. I'm specifically interested in a lending product where I can:
1) purchase a non-owner occupied investment property (with my own cash or hard money)
2) renovate the property (with my own cash or hard money)
3) rent property to tenants ( manage myself or sub to prop manager )
4) refinance the property with at least 75% LTV and 5% annual interest payments
5) Once refi is complete, repeat process
Many want to become real estate investors, but I can tell you first hand it isn’t easy and isn’t not for everyone. If you’re just starting out, you will need a lot of coaching.
I recently did a refinance for an investor in Florida that had high interest rate mortgages on all his properties. The rates ranged from 11% to 14%. He was not interested in selling. He was strictly interested in owning long term. I was able to get him a 6.63% 30 year mortgage and his cash flow went through the roof.
Image courtesy of StuartMiles/freedigitalphotos.net
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Joe Petrowsky, NMLS #6869
Right Trac Financial Group, Inc. NMLS #2709
110 Main St.
Manchester, Ct. 06042
Office: 860 647-7701 x116
Fax: 860 647-8940
Cell: 860 836-9294
Joe Petrowsky does not guarantee nor is in any way responsible for the accuracy of the information provided herein, and provides said information without warranties of any kind, either expressed or implied.
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