CLOSE IN 48 HOURS OR LESS! READY TO GET STARTED ON YOUR NEXT DEAL IN GEORGIA?
An investor approached us to finance a great purchase in the greater Atlanta metro area. The borrower aggressively shopped rates, points, and LTV across multiple lenders, locally, and nationwide. However, EquityMax matched, and subsequently beat those terms to offer the borrower a competitive loan that she hopes will lead to a profitable venture.
|FIX AND FLIP|
|Location – Tucker, GA|
|Loan Amount – $180,000|
|Purchase Price – $225,000|
|Loan Type – Purchase|
|Term – 12 Months – 17 years (Borrower Option)|
|Rehab Amount – $45,000|
|Actual Retail Value – $320,000|
|Profit – $50,000|
Given the initial purchase price, a rehab of merely $45K on a property with an ARV of over $300K is quite manageable. The borrower was able to secure acquisition financing from EquityMax, and handled the rehab with ease. After staging the home and marketing it for sale, the home went pending in 2 short weeks. The state’s healthy economy, growing population, quality life, and affordability are positive signals that real estate investors can be profitable in any part of Georgia.
The peach state has a population of 10.6 million people and it has grown by 8.6% since 2010.
Georgia was spared of the harsh job cuts from COVID-19 and the economy is expected to grow by 4% this year. Additionally, Seventeen Fortune 500 companies are located in Georgia including Home Depot, UPS, Coca-Cola, Delta Air Lines, Honeywell, and SunTrust Banks.
Affordability & Quality of Life
Georgia is the 18th most affordable state for housing in the U.S. and near the top for best states to live and work.
EquityMax has funded several residential deals for me over the last year. They have already improved their terms from our initial transaction together. I always run the investment scenario through them to offer me peace of mind that it will be a profitable real estate venture.
High LTV / Low Rates / Flexible Term
Minimal Insurance Requirements
Zero Prepayment Penalty
ZERO Credit or Qualification Requirements
No Personal Guarantee Required
Free Comparable and Repair Analysis
Catering to Real Estate Wholesalers
1-3 Day Funding
Minimal Notice to Close
Invest through a Self-Directed IRA or Solo 401K
Net Proceeds from Investing are Tax-Deferred
No Personal Guarantee
EquityMax is a proud member of both South Atlanta REIA and Atlanta REIA. The latter investment alliance is run by Dustin Griffin, who also organizes the monthly Tampa REIA meetings, which EquityMax also attends with frequency.
EquityMax lends on any form of residential property, including single family homes, 1-4 multi-unit properties, condominiums & townhomes, and even small apartment complexes (20 units or less). We also lend on commercial property and industrial warehouses.
EquityMax can send a borrower a Proof of Funds within 5 minutes of receipt of an acceptable, three-score credit report. If a borrower does not have a recent report, he/she can request that Equitymax pull it. For instructions, please click here.
Yes. EquityMax has multiple borrowers with several active loans in our portfolio.
EquityMax does not require our borrowers to be a Corporation of LLC. We can originate loans to individuals, LLCs, Corporations, Land Trusts, and Self-Directed IRAs.
EquityMax lends on real estate throughout the state of Georgia. We feel there are equal opportunities in metro, suburban, and even rural parts of the state to successfully invest.
EquityMax is a hands-on operation that loves meeting with clients. We are actively part of AtlantaREIA and attend monthly. You can always see us there to chat in person!
Local Wholesalers, along with national companies like New Western and Net Worth offer plentiful opportunities for investors to purchase and invest in real estate.