“Want to Become an Investor?”

        “Want to Become an Investor?”

 

 

 

 

Hi Joe, 

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

Email: joe@righttracfg.com

www.righttracfg.com

www.joepetrowsky.com

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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.

Equal Housing Statement: We are pledged to the letter and spirit of U.S. policy for the achievement of equal housing opportunity throughout the Nation. We encourage and support an affirmative advertising and marketing program in which there are no barriers to obtaining housing becuase of race, color, religion, sex, handicap, familial status, or national origin.

Comment balloon 3 commentsJoe Petrowsky • July 11 2018 12:59PM

Comments

Good morning, Joe Petrowsky it's absurd to have those high interest rates.... good job with that investor....

Posted by Barbara Todaro, "Franklin MA Homes" (RE/MAX Executive Realty ) 3 months ago

Good morning Joe. With the interest rates for the past few years, everyone should be enjoying a lower rate. Enjoy your day!

Posted by Wayne Martin, Real Estate Broker - Retired (Wayne M Martin) 3 months ago

I believe his return on investment just went up quite a bit with that interest rate change.

Posted by Joe Pryor, REALTOR® - Oklahoma Investment Properties (The Virtual Real Estate Team) 3 months ago

Participate