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Thanks,

Edwin Brown

 

 I look forward to working with you!

            If you want to talk to me directly please call me at: 601-624-1237

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]]> http://www.streetvestor.com/investing/real_estate_investing/thank-you/feed http://www.streetvestor.com/investing/property-videos/jackson-ms-investment-property-877-serville-video http://www.streetvestor.com/investing/property-videos/jackson-ms-investment-property-877-serville-video#comments Mon, 12 Jan 2009 18:53:59 +0000 Edwin.Brown http://www.streetvestor.com/investing/?p=149 Another great deal from Streetvestor

     You would like to buy an investment property in Jackson, MS but need someone to manage it for you.  

     If you are looking for a property management in Jackson Mississippi, Streetvestor can help. We have several options for you depending on where you are purchasing your property and what kind of service you need.  

1. South Jackson Property Management- South Jackson requires specific skills and experience such as maximizing HUD rent and a strong collection department.
2. Lease To Own Property Management- Leasing your investment property to a tenant that is actively working to purchase that property is a great model for the current market. You need a property management company that understands the details of these transactions.
3. High End Property Management- When you purchase high end properties in Madison and Rankin County you will want to pay as little as possible for what will be relatively easy property management for the firm. 

Would you like to find out about special financing on

wholesale deals available in Jackson ?

We have special loan programs that allow our clients to finance up to 20 properties regardless of Fannie Mae limits.

     You are thinking about buying an investment property in Jackson, MS but need financing for the renovations.  

     If you are looking for a hard money loan to finance the purchase of an investment property in Jackson, MS, Streetvestor can help. We have several programs for buying investment property based on how much you need and how long you need it.  

1.       5 Points and 15%- This is a good program for a retail sale or a long term rental that will need a little more time to rehab. It is a 6 month loan and gives you plenty of time to renovate and market or tenant an investment property. Many of our clients are using this loan to buy investment property because if their financing takes longer they can pay the interest with the rent.

2.      2.5% per Month- This is an excellent program if you are only going to hold the property for a short amount of time. Because there are no points on the front end you can save a lot of money on quick rehab and refinances. However, if you hold your investment property for longer than 90 days, this loan can get very expensive.

3.      5 Points and 12%- This is a 3 year product that we designed to finance clients who already have 4 Fannie Mae loans but still want to invest in Jackson, MS. The loan is kept in house meaning Fannie Mae is not involved. This allows you to still take advantage of the great wholesale deals available in Jackson up to 20 properties for qualified borrowers.

Streetvestor, LLC, is a firm that helps ordinary people invest in real estate.

Doug Brown, Operations VP at Streetvestor, LLC

     Solomon said that there is nothing new under the sun but I bet he never had to replace the door handle-set on a sliding glass door.  My company rehabs houses & sells investment property & recently I had to solve the problem.  Starting at the hardware store the conversation went as follows:

Note: [If you want the bottom line, skip to The Solution.  If you want a story, read on!]

     “Can I help you?” asks The Man.

     “Sure!  I’ve got this sliding glass door and . . . “ I begin to say, when he suddenly spots a profitable customer.

     “Well, let me get Curt to help you.  He’s new but he’s smart.  Ma’am, may I help you?”  He turns to help the lady that probably needs something expensive.

     I stand there wondering which of the two teenage boys that refuses to make eye contact with me is named Curt.  Finally I’m lead down the aisle to a section with generic parts for doors, windows, storm doors, and bi-fold doors.

    I am not a genius, but Curt makes me feel as if my IQ is only a few IQ points higher than an orangutan.  After all, “Everybody knows the things you need to know to know what you need.”  Thanks, Curt.  He says all you need to know is . . .

“Distance between bolt holes on your handle, Door thickness,  internal or external latch, hook latch or clamp style, manufacturer of door, right-hand or left hand, anti-lift key, & color.” 

.

     Frankly, I missed some of these details while looking at my door.  “How much does a new door cost?” I ask, sarcastically.  Curt misses the point.  So I answer . . .

“My bolt spacing is 3 ½”, my door is 7/8” thick, I have an internal latch, I have a

clamp style, my manufacturer is Peachtree, right-hand, anti-lift, and silver”

…

Unfazed, Curt replies, “We don’t stock that model here.” 

Either do what I tell you or experience a day as described.  Forgetting everything above . . .

Go to:  Hardware store of your choice, tell manager to order a “C 1000 CRL Hook Style Surface Mounted Handle Set.”  (You MUST use these words EXACTLY or else.  It comes in silver.  Prime Line is the manufacturer, CRL is their acronym.) This model has 4 15/16” hole centers but it is large enough to cover most existing holes from the old handle set.  It has an anti-lift key that fits into the keeper & it is left or right handed.  All you have to do is attach it to the door & attach the keeper to the 

            door casing.  Everything is factory assembled. 

Conclusion of Story

     There is nothing new under the sun, but things may be new to you.  A house without a secure door is a house a tenant does not want.  Surface mounting the mechanism gets you out of the job quickly.

     Feel free to visit our company website & find out how we solve other problems with sliding-glass-doors, such as how to make them roll or easy ways to provide better security (find under our real estate blog at Streetvestor.com).  These tips are available to all.    

Doug Brown is in charge of outside operations (rehabs) for Streetvestor, LLC, a firm that helps ordinary people invest in real estate.

Private financing (Not affected by Fannie Mae Limits!)

$40,000 cash back per unit (duplexes get $73k)

Stated Income Loans

5-10% Down

GOZone Property

Highest Appreciation Rate of all US Markets in 2008

As Real Estate Professionals, we’ve all felt the crunch of the stock market, the tightening of the credit market, and the difficulty this has created for our industry.

Over the past months, I’ve worked diligently to find affordable private financing, uncover government grant and tax shelter programs, and find builders willing to work with these programs in order to bring real value to my clients. The culmination of these efforts has resulted in:

- Private financing @ 90% LTV with only $1000 in closing costs

- New construction homes with builder cash incentives at close

- The Small Rental Assistance Program which provides sizeable forgivable loans to investors that invest in rental property

- The Gulf Opportunity Zone benefits which provide major tax benefits for qualified individuals

Together, these programs offer some of the best investment opportunities available.

Opportunities like this don’t come around very often. In a world where stocks have plunged, financing options are non-existent, tax breaks are rare and government incentives are hard to find, it can be difficult to find solid investments that make sense.

I encourage you to take a look at what I’ve put together, these programs are REAL, the benefits are REAL, and the opportunity is worth the look.

Private Financing

Through private negotiations we’ve been able to secure Private Financing for our New Construction Homes with rates and terms hard to attain in traditional markets:

- Stated Income                                                  - 90% LTV              

- No Limit to # of Loans                                      - 7.5% interest rate, fixed

- Limited Documentation                                    - $1000 in closing costs

- No Mortgage Insurance                                    - No Reserves or Escrows required

Sound too good to be true?

It’s not - call me for details.

Small Rental Assistance Program

The State of MS has introduced the Small Rental Assistance Program(SRAP) which provides loans to owners of small rental properties on the Mississippi Gulf Coast in order to assure these property owners provide affordable rental housing in the counties most affected by Hurricane Katrina. $262,500,000 has been allocated for this program, which will help in the repair, rehabilitation, and reconstruction of the affordable housing stock in the areas most impacted by the storm.

Participants in SRAP are eligible for forgivable loans of up to $40,000 per unit for properties that participate in the program. Participants are required to rent their property to tenants that meet the certain rent requirements for a 5 year period in order to have the loan forgiven.

Loans are paid after construction, as cash to the applicant, no payments are required on the loan during the 5 year rental period.

The SRAP program has a limited application period

Oct 15, 2008 - Dec 15, 2008.

Properties must be identified and applications submitted prior to Dec 15th.

Contact me for SRAP program details

New Construction

Our Builder Partner was recently featured on “Eye on America” hosted by Greg Gumbel.

$153,800                                                      Floor Plan For Duplex

4 Bedroom  2 Bath 1272 sqft

Only $1000 in closing costs

Builder incentive of $11,100 paid to owner at certificate of occupancy

Go Zone Benefits

Tax Saving Strategies

This legislation provides government incentives and support to individuals and businesses doing business in the areas that were materially damaged by the storm, mostly counties in central and southern Mississippi and Louisiana. The key provisions of the GO Zone Act are outlined in IRS Publication 4492, pages 12-13.

Out of state investors are most interested in the bonus depreciation provision, which stipulates that individuals and certain corporations can purchase qualified investment property in the GO Zone and receive bonus depreciation of 50% in addition to the standard depreciation deduction they would normally take. This provision enables investors to defer payment of federal income tax on substantial amounts of income, and invest in real estate with outstanding return on investment potential if the investments are chosen wisely.

If you’ve made it this far, you’ve probably hit the ‘this sounds too good to be true’ stage, maybe you are asking yourself:

- Can I really get a 150k home with 10% down AND have the builder kick in 11k in cash when the home is completed? That’s only 5k out of pocket!

- Are there really private investors willing to finance loans at market rates, without the market hassles. I thought 90% LTV - stated loans were gone… not any more!

- Is the Government really paying CASH to investors that help provide affordable housing to the thousands hit by Katrina? $40k forgiveable loans for 4 bedroom home, $73k for 3 bedroom duplexes.

I encourage you to pick up the phone, drop me an email, or click on one of the links to the SRAP and/or Go Zone programs. Learn more. The programs are real, the builder is real, the lender is real, and the benefits are there for those willing to make the effort.

Lastly, for those of you who are Real Estate Professionals, the tax benefits found in the Go Zone legislation provides one of the single biggest tax breaks I’ve seen. It’s worth a call to your CPA.

You’ll be glad you did.

Sincerely,

Edwin Brown
Streetvestor

edwin@streetvestor.com

601 624 1237

NAME: Mark and Brenda D, BEAUMONT, CA
Comments:
We love working with Streetvestor. We were buying houses from another wholesaler when a friend introduced us to Streetvestor. After doing our first property with them, we liked it so much we ordered 2 more. Thanks Streetvestor.
Pictures of Investment Property

Closing Specialist

Experience

Strong real estate experience and computer skills are required. The most likely candidates would be a real estate agent, escrow officer, or a loan officer.  

Hours

Part-time (30 hours/week) to begin with the strong likelihood of becoming full time in the next 3-6 months.

Duties

Contract work- Make sure that all contract paperwork is filled out properly between buyers and sellers. Work with out of state buyers in mailing of documents and necessary forms.

Financing- Most of our buyers require interim/hard money loans to finance their purchases. There is a considerable amount of paperwork needed to setup these loans along with LLC filings for new clients and the collection of W-2’s, tax returns, and asset verification.

Arranging Closings- Make sure buyer, seller, lender, title attorney, and insurer are all on the same page and that closings go quickly and smoothly. Review settlement statements for errors and collect documents for Streetvestor filing and recording.

Administrative- Filing paperwork, postings ads on the internet, answering phone calls, coordinating utility transfers, and other necessary office work.

Location

Streetvestor Corporate Office
246 Briarwood Drive Ste. B
Jackson, MS 39206

Wages

$10.00/hour

Interest

If you are interested in becoming a part of the Streetvestor team, please fax or email your resume to 601-326-0047 or edwin@streetvestor.com.

I think if my banker is buying than it must be a good time to buy.

The Sub-prime market refers to any loans made outside of the oversight of Fannie and Freddie.