CLOSE IN 48 HOURS OR LESS! READY TO GET STARTED ON YOUR NEXT DEAL IN LOUISIANA?
An investor in Baton Rouge was purchasing an investment property. He was seeking long-term financing, however this would have proved too time consuming for a purchase loan, and he would have missed his closing deadline. EquityMax closed him in 10 days, at which point he now has title to the property.
|Ready-To-Rent Single Family Home|
|Location – Baton Rouge, LA|
|Loan Amount – $280,000|
|Purchase Price – $196,000|
|Loan Type – Purchase|
|Term – 12 Months – 17 years (Borrower Option)|
|Rehab Amount – $0|
|Actual Retail Value – $325,000|
|Profit – $10,500 annual cash flow|
The median home value is below the national average and it’s cheaper to own a home in the state than it is to rent. As a result, there is a high demand for local real estate investors to take advantage of.
Louisiana has proven to be a great place for investors to take advantage of distressed homes. With home defaults on the rise again in 2022, investors have a great opportunity to capitalize on the high profit margins from both REOs and Short Sales.
Rates Will Increase
In an attempt to slow down inflation, the Fed has announced they will increase interest rates for the immediate future. Therefore, as the rate hikes are implemented, you can expect more buyers will be looking to sell sooner rather than later.
While Louisiana’s median home value is well below the national average at $204,414, the lack of home value growth may be a blessing in disguise. The state’s affordable buying opportunities are igniting more buying activity and enabling real estate investors to capitalize on properties and achieve higher profit margins. Additionally, foreclosures are increasing across the state so investors should pay careful attention to delinquent homeowners so they can be quick to secure quality deals with higher profit potential.
“EquityMax was the only lender that quoted a closing timeline of two weeks or less – and they delivered!”
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’s loans in the gulf coast are predominantly on properties valued at less than $100,000.
The great idea about lending in Louisiana is the diverse types of assets that we can lend on, from single family homes, to homes on acreage, to more metro investment opportunities.
You can make any argument as to whether you should invest locally or far away from your central place of business. Our answer is simple-wherever you find the best deal!
We find that any tourism-focused events have a big effect on real estate and corresponding prices. We would find that Short-Term Rentals, especially, are going to fluctuate the most based on tourism-focused events around the state.