CLOSE IN 48 HOURS OR LESS! READY TO GET STARTED ON YOUR NEXT DEAL IN MISSISSIPPI?
An investor from California started investing in Mississippi, as prices in his home state were skyrocketing. Focusing on properties priced under $50,000, he bought a portfolio of 6 properties from a single seller. EquityMax was there to fund, even though these were smaller properties, with smaller loan amounts.
|Location – Pascagoula, MS|
|Loan Amount – $30,000|
|Purchase Price – $45,000|
|Loan Type – Purchase|
|Term – 12 Months – 17 years (Borrower Option)|
|Rehab Amount – N/A|
|Actual Retail Value – $75,000|
|Profit – $25,000 x 6 = $150,000|
Affordable, At Least For Now
Mississippi is well below the national average for median home value which has made it one of the more affordable places to live in the U.S. However, experts believe that increasing room for growth compared to other states will cause properties to appreciate faster than other markets.
Like several other states, Mississippi has seen improvements to its economy year-over-year across many consumer and real estate metrics. As a result, it has served as a catalyst for more market activity with residents eager to purchase homes.
Inventory Hard To Come By
Similar to the national trend, Mississippi is low on available inventory and there simply aren’t enough homes to meet investor demand. As such, vacant land sales and new construction projects are at an all-time high.
Mississippi remains one of the most affordable states in the country to buy a home and the improving economy has only fueled the demand for residents to become homeowners and investors alike. Therefore, fix and flips, wholesaling, and rentals have all still proven to be profitable ventures for investors, new or experienced. Additionally, investing in distressed properties has traditionally been a quality strategy and we encourage those looking for deals to prioritize creative buying options so you can increase your odds of capturing an in-demand project.
“I couldn’t find any lender that funded smaller deals until EquityMax came up on Google. So glad I met them! I have funded four deals (and counting). All less than $25,000.”
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 reputable title company relationships in Mississippi, in case you are ever looking for one!
EquityMax will lend on properties for as little as $15,000 gross loan amount.
EquityMax historically finds that we’ve financed many homes in Pascagoula, Hattiesburg, and even Jackson.
EquityMax is inclined to encourage investors to buy properties that are not as in demand as others-ones in rural areas, less expensive homes in the $30-40K range, or even homes on large acreage or plots of land.