Month: September 2018

by Tim Herriage Tim Herriage No Comments

Financing Webinar

Real Estate Investment Financing

There are many options available for real estate investor financing these days that just simply haven’t been there in the past.  This week, we’ll be hosting a one hour webinar to update everyone on today’s products, and introduce our team of loan officers to you.  The webinar is at noon Central on Thursday, September 27th.  It will be recorded and shared with those that register.  Click here to learn more and register for this free webinar on real estate investment financing. We’ll be discussing current market trends, current interest rates, and some of the strategies our most successful clients are using.

by Tim Herriage Tim Herriage No Comments

Stated income, no doc, rental and fix and flip loans

Our finance team has been hard at work over the past few months! We’ve secured several new loan options that can meet almost any investors needs. We work offer over 50 different loan products, so let’s connect today, to see which one is right for you.

WE ARE REBATING ALL APPRAISAL FEES AT CLOSING FOR ALL APPLICATIONS RECEIVED BEFORE OCT 1

RENTAL LOANS

  • 30 year fixed or a combination of ARM options (IO too!)
  • Property Cash flow financing (not personal DTI)
  • Rates as low as 5.5%
  • FICO as low as 600
  • CASH OUT with 30 days seasoning
  • STATED income and asset loans

FIX AND FLIP

  • No appraisal options
  • Quick close (48 hours) options
  • Origination between 1.5% and 2.5%
  • Rates as low as 8%
  • Some no credit check options

We specialize in finding the right loan for your project and the right timing for your needs. Depending on your timeline, liquidity, and mid-fico score; some products may not be available at certain times. Instead of telling you NO, we find you the best option available.

Use this link to fill out a contact form

OR

Call 972-737-1850

OR

Email loans@2020rei.com

No brokers, please.

by Tim Herriage Tim Herriage No Comments

Two events, two deals and two loans

It’s a rainy but busy week at 2020 REI.  This week, I’ll be speaking at the Realty411 Lone Star Expo on Saturday, and the 5 Star Conference’s Single Family Rental Roundtable on Sunday.  There is more information below about these events or you can just click on the events tab to browse.  Our acquisitions business is going strong in DFW and we have two new wholesale properties in Plano and Irving that will hit the market soon.  The Irving Property is available now, but we are waiting for bids to come in on the Plano home since it is such a major rehab.  You can call our sales line at (214) 922-1970 now to talk to Jaymon.  We also have some new loan programs to talk to you about.  We have a 30 year fixed product with rates starting at 5.5% and some fix an flip loans with really good terms. This is a really good time to look at these ASSET based opportunities while rates are still ridiculously low.  Click here to talk to someone in our finance department.

Here is some more information about the upcoming speaking events:

Saturday: Realty411 Lone Star Expo:  I will be speaking about building a rental portfolio from 9:30 AM – 10:20 AM and will be at the 2020 REI booth afterwards.  Come say hello!  The event is free, and lasts from 9:00 AM till 6:00 PM.

  • DATE: SATURDAY, Sept. 15th, 2018
  • VENUE: Sheraton Arlington Hotel, 1500 Convention Center Drive, Arlington, TX, 76011
  • TIME: 9:00 AM — 6:00 PM
  • REGISTRATION BEGINS AT 8:30 AM
  • Learn more here

Sunday: 5 Star Conference’s THE SINGLE-FAMILY RENTAL ROUNDTABLE: I am on a panel about the latest financing strategies for investors from 11:00 AM – 11:50 AM.

by Tim Herriage Tim Herriage No Comments

Three new wholesale Deals

Another real estate investment opportunity from 2020 REI Group and our team.

So, my brother Jaymon has one deal that’s been reduced (Delmac) and we are putting a 3/2/1 in Irving and a 3/2/2 in Plano out Monday.  Call/text him at 214-922-1970 to talk shop and learn more about these houses.  We need to sell the Delmac house this weekend.

IRVING 3/2/1
ARV: $185,000
Rehab: $35,000 (retail) $25,000 (rent)
Rents: $1,400 – 1,600
Asking:  $125,000 OBO

PLANO 3/2/2
ARV: $415,000
Rehab: $75,000
Asking: $280,000 OBO

 

***REDUCED*** Kiestwood Estates Flip Opportunity

Assignment of Contract offered by a wholesaler for the property located at 2547 Delmac Dr, Dallas, TX 75233

I am continually impressed and surprised when I venture into neighborhoods of Oak Cliff lately.  These areas are really on the rise, and contain some of the nicest lots and quality construction in the City of Dallas.  This 1955 build 2(3)/2/2 brick home is no exception.  The Kiestwood Estates area of Oak Cliff contains many mid-century ranch properties that are selling for more than $300,000 these days.  We estimate the ARV for this home to be approximately $285,000 and the rehab should be less than $35,000 (opening walls, etc).  We are asking $185,000 OBO for this property.  Closing on or before 9/14.  Six month financing available with months with 15% down for non-owner occupants subject to borrower approval.  Please call/text Jaymon at 214-922-1970 to set up a time to meet him at the property.

Click here for pictures and video

 

 

Learn More
 

We are local Dallas homebuyers who purchase properties from individual sellers. We have over 20 years of combined real estate experience and are here to help make selling your home feel comfortable, fair, and professional.  Click here to sell us houses in the DFW area

 

 

Investable Realty is a professional, full service real estate brokerage currently focused in the North Texas area that provides exceptional property variety and customer service to the individual, professional, and institutional buyers and sellers. We can source or sell for you, learn more

 

 

Our mission at 3L Finance is to make getting real estate investment financing easier, and comfortable for our borrowers. We provide personalized real estate investment financing service with integrity to the borrower, entrepreneur or investor, appropriate for their current and unique needs. SAY HELLO

 

 

REI Choice is accomplished, innovative and principled in our real estate ecosystem.  We are all driven to be the best as you are. We solve problems.  We create products and systems unique to our industry. We take the risk of loss and transfer it to an insurer in exchange for equitable payment.  Learn More

 

 

Do you know how to source deals, fund them, and get the most return on investment? We do, and we have the track record to prove it with 20+ years of experience. Through the good and bad markets, we’ve prevailed. Our hindsight is your advantage.

Not sure where to begin? We offer a tailored consulting service to help elevate your investment business to the next level. Contact us at 972-755-1880 or email info@2020rei.com to see how our business can work with yours.

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