CLOSE IN 48 HOURS OR LESS! READY TO GET STARTED ON YOUR NEXT DEAL IN KANSAS?
A mortgage broker brought us a scenario where a client owned a large track of land free and clear. He was in need of a temporary bridge loan for further investing, but didn’t need a large amount of cash. We offered a very conservative Loan-to-Value of 30% and gave him the cash he needed on his next investment.
CASH-OUT REFI |
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Location – Kansas City, KS |
Loan Amount – $25,000 |
Purchase Price – N/A |
Loan Type – Cash-Out REFI |
Term – 12 Months – 17 years (Borrower Option) |
Rehab Amount – N/A |
Actual Retail Value – $75,000 |
Profit – TBD |
Increasing Home Prices
Previous for-sale inventory around Kansas has dried up considerably, and now there are not enough properties to meet the rising demand. Resultant home prices are rising to levels never seen before and making the market as dynamic as ever.
Buyers Favoring Small Cities
Larger metro cities in the state are beginning to price out investors, and they are increasingly flocking to more suburban areas or smaller towns for more affordable living conditions across the board.
Increasing Rental Rates
Kansas has a price-to-rent ratio of 16.10. Meaning, it is officially more affordable to rent as a tenant than the upkeep of being a homeowner. As such, the risk of vacancy, evictions, and higher maintenance for landlords has greatly decreased.
A strong economy throughout the Kansas market has made for a hot real estate market, and this ultimately bodes well for investors across the state. Although there are fewer distressed properties available and home prices are increasing, there are still myriad opportunities for investors to earn profit on their deals.. A popular exit strategy at the moment has been avoiding selling and shifting the home to become a long-term rental or short-term rental. These buy and hold deals are offering investors the ability to offset today’s high prices with equally impressive rental returns.
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
An obvious one – EquityMax finances the same city in two separate states…Kansas City.
The great idea about lending in Kansas is the diverse types of assets that we can lend on, from single family homes, to homes on acreage, to more metro investment opportunities.
EquityMax has been lending in the great state for nearly 20 years, having been in business for longer, at over 30 years.
EquityMax lends on mainly residential real estate – inclusive of single family homes, condos, and townhomes. In a state like Kansas, we focus on more non-traditional investment opportunities, such as vacant land, manufactured/modular homes, and more rural investment loans.