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What is the cost of our projects? The average amount is $90,000 - $140,000 per property. This is the total cost to buy, hold, renovate, and then sell the house. This amount includes a $25,000-$35,000 renovation.
Can I use my IRA or 401k to lend from? Yes you can. The first step is to roll your existing IRA or 401k into and Self-Directed IRA that lends on real estate. There is no penalty to do this. By lending through a Self-Directed IRA, you can make all of your gains tax-deferred or even tax-free.
What is the timeframe of my loan? The term commitment is 6-7 months. 16% interest (APR) accrues monthly, and is paid to you upon the sale of the house. You can then finance another property, and keep your money growing at 16%.
How frequently are properties available? We have properties ready for funding on a monthly basis. Go to the REQUEST INFO tab to join our mailing list.
How do you determine the value of a property? We use numerous criteria such as tax-assessed value, current appraisals, similar homes on the market, recent sales, and past experience.
What is a Passive Real Estate Investor? That's you. Our lenders do not burden themselves with property management, rehabs, or tenants. That's our job. You get to make money in real estate, but WITHOUT the headaches inherent in the real estate business.
Are there any "hidden fees?" The only fee to you is the cost that your bank charges to wire your funds to the title company the morning of closing.
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DISCLAIMER (For the complete text, click HERE.) WE BUY PROPERTIES, LLC is not offering to sell Securities, and we are not licensed securities dealers or brokers. Any person, entity, or organization must first be qualified by the company and read all of the offering documents and attest to reading and fully understanding such documents. This is an informational website, not an advertisement, and the information provided herein is not intended to be for the purposes of soliciting a Security under State or Federal regulations. All securities herein discussed have not been registered or approved by any securities regulatory agency in accordance with the securities act of 1933 or state securities laws.
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