CLOSE IN 48 HOURS OR LESS! READY TO GET STARTED ON YOUR NEXT DEAL IN MINNESOTA?
A client approached us with a rural property containing 3 homes on one parcel. He was getting a great deal under market, but was having a tough time finding a lender to fund this unique purchase. EquityMax funded with minimal down and no appraisal in 2 weeks, leading to a very satisfied borrower!
Residential Property |
---|
Location – Red Wing, MN |
Loan Amount – $50,000 |
Purchase Price – $75,000 |
Loan Type – Purchase |
Term – 12 Months – 17 years (Borrower Option) |
Rehab Amount – $20,000 |
Actual Retail Value – $155,000 |
Profit – $40,000 |
Home Prices Continue To Increase
Low supply and high demand have pushed home prices to all-time highs and it’s not expected to drop anytime soon. However, Minnesota residents are starting to become accustomed to the market and aren’t shying away from purchasing homes.
Interest Rate Hikes
Mortgage rates are on the rise with the Fed trying to fight inflation. You can expect buyers to get into the market quicker than ever before rates go even hitherto purchase homes and either flip or refi them into long-term loans.
Potential Buyers Becoming Renters
Historic appreciation of home values is driving more buyers to become renters. As a result, rental properties have turned into an attractive profit opportunity for landlording investors.
Minnesota’s real estate market remains on par with the national averages. Increasing home values, high demand, and low inventory are all playing a role but it hasn’t stopped buyers, sellers, and investors from continuing to be active in the present market. Profitable fix and flip opportunities, while fewer, still exist for investors to take advantage of in the state. Additionally, long-term rentals have shown to be a good play as high demand has enabled landlords to charge impressive rental rates to their tenants.
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 has been lending in Minnesota since before the Great Recession of 2008…nearly 20 years in the Gopher State!
EquityMax does not discriminate when it comes to experience in this business. So long as the deal makes sense, it does not matter if it’s your first or 10th deal…we’ll finance it!
It doesn’t matter if it’s a larger city or a smaller city with a tiny population, EquityMax looks at all opportunities based on the deal itself.
Yes, EquityMax will lend even with a bankruptcy, so long as it’s been discharged and it does not affect your ability to obtain credit. There can also be other delinquencies on your credit (even collections), and we will still fund that borrower.