CLOSE IN 48 HOURS OR LESS! READY TO GET STARTED ON YOUR NEXT DEAL IN INDIANA?
A borrower with poor credit came to us with the desire to cash out her investment property to put into her real estate business. The collateral property itself was owned free-and-clear, and the client was looking for a relatively safe LTV. Hence, even with sub-optimal credentials, EquityMax was able to fund the borrower with ease.
LEVERAGE REFI |
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Location – South Bend, IN |
Loan Amount – $100,000 |
Purchase Price – $325,000 |
Loan Type – REFI |
Term – 12 Months – 17 years (Borrower Option) |
Rehab Amount – Fully Repaired |
Actual Retail Value – $395,000 |
Profit – 12% ROI/Monthly |
Indiana real estate is performing well as the overall economy rebounds from the Q3 lull of 2020. Demand for housing is strong while supply is decreasing, giving sellers the upper hand. Additionally, interest rates are not anticipated to drastically rise soon, giving buyers an opportunity to buy at these higher prices…making it a perfect storm for increasing value in the market. In 2020, over 95,000 homes were sold in Indiana which is a 6.4% increase from the prior year. Moving forward into 2021, investors are cautiously optimistic that the demand for homes will continue to grow.
House Hunting Frenzy
Although COVID-19 has weakened the economy some, low interest rates, the desire for more space for working at home, and more people moving away from big cities like Indianapolis into the surrounding suburbs.
Affordable and Attractive
The Hoosier state offers relatively inexpensive home prices, low cost of daily living, high caliber public education, and a central location amongst other states in the midwest US.
Business-Friendly Economy
Indianapolis runs on a surplus balanced budget which is due to the low tax levied on business premises. Thus, making the city a great option for real estate investors looking to market properties to entrepreneurs and startups.
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
Brad Emmer, the Owner of EquityMax, was originally an investor himself. From 1988-1990, he invested in dozens of rehab projects himself, before venturing into the lending business the same year.
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 Indiana, and have found opportunities to successfully profit from Evansville through to South Bend. Though Indianapolis is flooded with more investors than ever, there still exists opportunities in its most populous metro area.
We often find that less populated areas such as land-heavy acreage with fewer buyers may be a better opportunity than a crowded market where prices can be artificially driven up.
Network! There are great opportunities to network virtually or in person. These are means in which several of our borrowers find properties to invest in.