HOUSTON: Investor Friendly Lender
Friends,
Lack of a plan is one of the biggest mistake investors make. They buy a property because they think they got a good deal and then try to figure out what to do with it. That's working backwards and it’s likely to result in trouble. The problem is that most people look at real estate as a transaction instead of as an investment strategy. People fall in love with a property - who cares about the property? Fall in love with a motivated seller.
First, you find the plan. Then, you find the property to fit the plan. Pick your investment model, and then go the find property to match that matches your investment model. Don't find the strategy after you find the property. Many people buy a property and get stuck with it because they only have one exit strategy. They're going to sell it or they're going to rent it out. What if it doesn't sell? What if the rental market stalls? Always have two, if not three, ways to get out of any deal. For example, if plan A is to rehab the property, put it on the market and resell it, then plan B could be to offer a lease-purchase to a buyer. Plan C might be to hold the property and rent it out. And as a plan D, there is the wholesale option, which would involve selling to another investor at a below-market price. Hopefully, you'll still make a profit, but at the very least, you'll cut the losses you're taking every month in carrying costs.
At City Bank Texas, our goal is simple – to help you achieve your goal. As the Real Estate Lender, I pride myself on providing a peace of mind and making life easier by offering lending solutions custom tailored to meet my client’s investment real estate borrowing needs!
- Investment Real Estate
- Acquisition & Refinance
- Industrial, Multi-family, Office, Retail, SFR
- Conventional loans for Owner & Non-Owner Occupied Commercial Real Estate
- Attractive interest rates as low as 4.25%
- Innovative loan options with Loan to Cost up to 80%
- Flexible terms & affordable payments with long-term financing with payment schedules up to 25 years
- Acquisition & Refinance
I am here to be a resource for you, think of me as part of your team. If I can assist you in anyway, please let me know. Simply put, we win as a team!
Bill