CLOSE IN 48 HOURS OR LESS! READY TO GET STARTED ON YOUR NEXT DEAL IN MISSOURI?
An investor with a portfolio of single-family homes in St. Louis was looking to collateralize a few and pull some equity out. EquityMax was able to efficiently value each property with a simple BPO, and successfully completed the closing in two weeks.
|Portfolio of SFHs|
|Location – St. Louis, MO|
|Loan Amount – $150,000|
|Purchase Price – N/A|
|Loan Type – Max Cash-Out|
|Term – 12 Months – 17 years (Borrower Option)|
|Rehab Amount – $0|
|Actual Retail Value – $275,000|
|Profit – $1,700 Net Monthly Cash Flow|
Affordability Attracting More Buyers
With home values well below the national average, Missouri offers an advantageous opportunity for investors seeking less expensive investing options. However, more people are migrating from out of the state in search of homes they can afford so prices could continue to rise. Caveat Emptor.
Similar to the rest of the United States, Missouri has limited housing inventory so prices continue to go up in the face of rising buyer demand. With that said, new home construction has ramped up production and interest rates have increased so there may be some relief in that future arena.
Moving To The Suburbs
COVID-19 has enabled a large majority of the state to work remotely from home, thus eliminating the need to live in more expensive areas close to downtown St. Louis and Kansas City. As a result, residents have migrated to smaller, more affordable towns. This could have a trickle-down effect on both metro and suburban properties alike.
Missouri has followed the same pricing path and trajectory as the national market but on a smaller scale. Home values have increased over the last ten years, however prices are still well below the national level. Thankfully, as a result, the state’s affordability hasn’t limited real estate investors looking to rehab, wholesale, or rent and impressive profit margins are being seen across the state. Long-term rental property investing remains the most popular exit strategy given the low inventory of homes and increase to the demand for rental units.
“Thank you EquityMax for doing my deal when no one else would look at it because of loan size.”
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 smallest loan in the state was a mere $15,000.
St. Louis, while a great market to invest in, also has some of the best bargains across all metro areas in the entire country.
EquityMax always suggests maximizing the amount of cash flow you can get from one “door” and make your decision, in part, on that initial metric.
EquityMax lends on mainly residential real estate – inclusive of single family homes, condos, and townhomes. In a state like Missouri, we focus on more non-traditional investment opportunities, such as vacant land, manufactured homes, and rural property home loans.