Real Estate

Coming soon

Being one of the investment geniuses of the current time, Warren Buffet has certainly given a decent piece of advice for our average Joe. According to a recent survey done by Trulia, the American dream of owning a home is alive, and in fact, more people are adding it to their personal American dream, at 75% for 2016. At the same time, 22% of the respondents expect getting a mortgage to become harder in 2016 among other challenges towards homeownership.

If you already own your home and have plans to invest inrental real estate, but aren’t quite sure about getting the necessary funding, this post is a goldmine of knowledge for you.

“Never depend on single income. Make investment to create a second source.” ~Warren Buffet

How to Get Financing for Your Next Investment Property?

Conventional Real Estate Loans

If you are a beginner real estate investor, with a FICO score of above 700, conventional real estate loans are best to start with. You can visit any of the major banks or financial institutions for investment property funding, although make sure to keep your debt-to-income ratio low, as banks rely on this ratio to judge your ability for making repayments.

According to Freddie Mac’s mortgage rate survey, a 30-year fixed-rate mortgage was available at an average interest rate of 3.65%, whereas a 15-year mortgage came with an interest of 2.83%, as of February 11, 2016.

Portfolio Loans for Investment Properties

Very few national banks entertain investors with four or more financed properties, making it difficult to grow your portfolio. This is where portfolio loans come in. Portfolio loans are more or less like in-house loans of small banks, with comparatively lower regulations and large credit access. The financing instruments offered by these portfolio lenders might differ from their nationalized counterparts.

The best way to find portfolio lenders is to ask around the investor community or consult your real estate agent. Considering the limited or localized clientele of these lenders, your relationship with them will have a huge impact on credit availability and lending rates. You might have to transfer all your accounts to the local bank (portfolio lender), and don’t worry, as they have competitive products to retain their customers.

Seller Financing

Seller financing is one of the best options in place for real estate investors. For those who don’t own a seller-financed property, it simply means that the seller has agreed to finance the property at a competitive interest rate and certain down payment. These loans usually have a short-term repayment span, and the seller can either finance theentire deal or the deficit between the value of the property and qualified mortgage loan available to the buyer. Generally, the loan is amortized over 30 years with a balloon payment in five years or so.

These deals are excellent in terms of lower regulations and higher flexibility. A lot of old couples often use it for their retirement income, and seller financing is quite common among desperate sellers. The credit requirements are likely to be lower, but be ready for a credit check run by the seller. Being a buyer, make sure that the seller owns the property, and if there is an existing mortgage, the lender has agreed to the terms of the deal. It is best to work with an experienced lawyer to process these deals smoothly.

FHA 203k Loan

If you are starting out in real estate investing with a limited capital, FHA 203k loan could be the best way to start. These loans are available for a down payment of 3.5% and you can include repair costs in the loan amount itself. However, there’s a catch. According to the current regulations, you will have to live in the property for at least one year before you can rent it out, which means it’s suitable for a buy-and-hold strategy.

A strong cash flow is a primary requisite for real estate success; however, considering the lower down payment in FHA 203k loans, maintaining a positive cash flow would be a challenge. The key is to be diligent in your calculation, considering every single dollar that you will spend to generate that cash flow.

Private Money & Real Estate Syndication

If you are a successful real estate investor planning to upscale your investment portfolio, private money is a potential option. Under private money investing, you can borrow financial resources from a private investor, friends/family/partner, against a specific interest rate or cut in the deal. One of the primary benefits of private money is the flexibility it offers, and if you have the trust of your investor, you can take calculated risks for better returns.

Real estate syndication is a concept under which several investors pool their money as well as intellectual resources to invest in a property, which is much bigger than what they can afford individually. Real estate syndication has remained in practice for the past several decades; however, these deals weren’t available to the average investor until recently with the availability of real estate crowdfunding projects.

According to the current regulations, accredited investors, those with net assets worth $1 million or more excluding their primary home, can participate in crowdfunding projects. The good news is, these regulations are likely to scale down in the upcoming years. Real estate syndication offers due protection to all the parties while the profits are shared as per the agreed-upon arrangement.

Use Retirement Funds (Solo 401k) to Invest in Real Estate

If you are an independent full-time realtor, Solo 401k retirement plan offers an excellent real estate investment opportunity. The IRS allows real estate investments through qualified retirement plans, including Solo 401k and SEP IRA.

Why Use Solo 401k for Real Estate Investing?

 Invest with tax-deferral benefitsRoth Solo 401k offers tax-free capital gains upon the sale of the propertyParticipant loan of up to $50,000 or 50% of Solo 401k account balanceComplete investment freedom with checkbook control featureFinance real estate purchases with non-recourse loans, tax-freeThe ability to choose from a wide selection of investment assets, including properties, trust deeds, crowdfunding, private lending and more.

If you plan to use Solo 401k for real estate investments, make sure that capital gains or rental income go back to the Solo 401k plan only. Further, all the expenses associated with the real estate transaction should come out of the retirement plan only.

Sourced- REIClub

A PLOT OF LAND AT THE BACK OF ORIWU, VERY CLOSE TO THE ROAD, IT DIRECTLY FROM A JUDGE 5MILLION 

Sales Bulletin in Ikoyi, Banana Island & Lekki

-IKOYI SALES

-KINGSWAY ROAD -5 BEDROOM DETACHED HOUSE WITH A SWIMMING POOL ALLL BUILT ON 600 SQM LAND -600 MILLION.

-CAMERON ROAD -5 BEDROOM DETACHED HOUSE ON 1100 SQM

-COOPER ROAD – A DETACHED HOUSE BUILT ON 2544 SQM LAND.

-KURAMO CLOSE – A HOUSE  ON 2700 SQM LAND 800M.

-THURNBULL ROAD -1617 SQM

 2162 SQM LAND @MAROKO IKOYI

-OJORA STREET – 2487 SQM LAND WITH BUILDING APPROVAL & LAGOS STATE C of O.

 4000sqm on BOURDILLON – 1.7b MILLION
-MAROKO CLOSE -WING DUPLEX ON 2162 SQM LAND OFF QUEENS DRIVE
-CAMERON ROAD – 5 BEDROOM DETACHED HOUSE WITH 2 ROOMS BQ ON 3600 SQM LAND – 950 M

-MILVERTON ROAD – NEWLY BUILT 7 BEDROOM DETACHED MANSION WITH GYM,SWIMMING POOL,GENERATOR ALL BUILT ON 2000 SQM – 1.5 BILLION

✅-BANANA ISLAND SALES UPDATE-
-B7 – 2021 SQM – 680 MILLION
-M11- 2000 SQM – 750 MILLION
-M27 – 2101 SQM – 800 MILLION

-P55 – 700 SQM – 250 MILLION
-D10 – 647 SQM – 250 MILLION
-D10 – 1445 SQM – 600 MILLION
-J44D – 1113 SQM – 300 MILLION
-J8 – 1068 SQM – 430 MILLION
-J59 – 1000 SQM – 350 MILLION
-J59 – 1500 SQM – 525 MILLION
-J59 – 2500 SQM – 875 MILLION
-J69 -2700 SQM – 1 BILLION
-J69 -5200 SQM – 1.93 BILLION
-J61 – 7651 SQM – 3 BILLION

-HOUSES FOR SALE IN BANANA ISLAND-
– 5 BEDROOM DETACHED HOUSE ON 450 SQM – 450 MILLION
– 5 BEDROOM DETACHED HOUSE ON 700 SQM – 470 M

-APARTMENTS INSIDE BANANA ISLAND-
– APARTMENTS IN 12 FLOOR HIGH RISE – PRICES FROM $1.4M -$2.1M
– APARTMENTS IN MINI ESTATES – PRICES FROM 170 MILLION
– TERRACE HOUSES IN MINI ESTATES – 250 MILLION

✳-OSBORNE PHASE

-1000 SQM VACANT LAND ON PALM AVENUE – 200 MILLION
-5200 SQM WATER FRONT PLOT – BLOCK 6 – 1.2BILLION

✅-LEKKI PHASE 1

-2400 SQM WATER FRONT PLOT WITH A BUNGALOW ON ADMIRALTY WAY
-4325 SQM FENCED LAND ON NDB (BEHIND UNA) MIXED DEVELOPMENT
-18,000 SQM (1.8 HECTARES) – SCHOOL SITE
-30,000 SQM (3 HECTARES) ON FREEDOM WAY (MIXED USAGE)
ADMIRALTY ROAD
-5 BEDROOM DETACHED HOUSE WITH BQ ON 1141 SQM LAND
-7 BEDROOM DETACHED HOUSE WITH SWIMMING POOL BUILT ON 1200 SQM LAND.

for more info contact +2348026686187 / +2348066267518, PIN: 59F96D01

27sqm Plot of Land For Sale at Lekki Gardens Phase 1

I

Location: Behind Lagos Business School Ajah.
Title: C of 0...
Price: N20million net

Take advantage of this Opportunity!!!

For more Info pls Call

Huios Realtors: +2348026686187 / +2348066267518
PIN :58F96D01