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Financing in Benicia : Real Estate Advice

  • All66
  • Local Info1
  • Home Buying19
  • Home Selling2
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Activity 4
Sun Oct 5, 2014
Jason Wheeler answered:
I'm not sure if you are still looking or not since this is an older post... but.

We have recently developed portfolio private lending programs that are helpful and specific for real estate investors.

There are still requirements and the loans still have to make sense however we can finance based on the "AFTER REPAIRED VALUE"

This can be very helpful if you have a property that is in need of a lot of work and your funds are limited.

If you decide you want details you are welcome to run your loan scenario by me sometime if needed. I talk about several of our portfolio loan programs on this Trulia blog

I hope this helps you.

- Jason Wheeler
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Mon May 5, 2014
Ruth and Perry Mistry answered:
Hi Natalie

There is no pre determined limit as it would be Anti Trust.

You can go to another lender other than your primary Mortgage
lender and explore the process or a new Mortgage Broker.

Good luck

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Tue Oct 29, 2013
Annette Lawrence answered:
Very often, circumstants a citizen finds themselves in, make this an atttactive option. Please invest a moment to dig through my blogs to read about the 'magic sauce' that makes these options work. It to your great benefit to invest the time.
As Anna suggested, there is a lot taking place behind the curtain that you simply can not know. Having a good guide in your corner will prove essential.
Lease/option, RTO and other such optons CAN work but the ones that CAN work are NEVER advertised. These workable options are those created to benefit you and the seller and are not at their inception...pedatory.

Best of Success,
Annette Lawrence, Broker/Associate
Remax Realtec Group
Palm Harbor, FL
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Thu Jan 15, 2009
Herman Rod answered:
You do have to rent the space. It varies from space to space, but it's usually close to $600/month. The space rent typically goes up slightly when ownership transfers. You must be at least 55 years of age to live there and must also be approved by the park management (they usually do a credit/income check as they want to verify that you have at least three times the space rent in verifiable income).

If you have further questions, feel free to contact me at 707-747-6600.
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