So you’re interested in buying a home? I wanted to share with you how you could purchase a property in Carson Park or possibly an investment outside of Carson Park, and save thousands of dollars. You want to be open to the possibility of a fixer upper if you want to save money. 

Now a lot of these fixer uppers, you cannot get a loan for they can only be sold to investors at a huge discount with all cash offers or hard money loans. Well, I’ve got a unique program just for you that allows you to compete with these cash investors, maybe spend a little bit more than them. So now you get that great deal and I’m gonna show you how now. 

My name is Matthew Silva. I’ve been in real estate for 20 years. I do property management, I do loans and sell houses and through all of these professions and all these years and experience I love to share with my neighbors and the neighborhood what’s going on in different ways to make money and save money. And today we’re gonna talk about renovation loans. 

 

 

So what happens is if there’s a fixer upper, and there’s no heater, something like that, something really basic. A heater might be $1,200 to install but there’s no heat, no loan, that’s how real estate works unfortunately. So if you went to a major bank, your local branch and said, “Hey, I want to buy this house with no heat”, they are going to laugh at you out the door. So the second the appraiser comes in says “There’s no heat, loans done”. 

So how can you purchase a home with no heat?  Well, very easy with this renovation loan. 

How it works is the bank gives you the money to buy the house, plus gives the money to a contractor to put in the new heater for you. Now you’ve got a beautiful home with nice heat and you’ve saved tens of thousands of dollars. This is just a brief example because what’s really cool is you can put in luxury items, you can redo your kitchen, you can put in a pool. You can even convert the garage into a little A. D. U. . I prefer you don’t do that in Carson park because I really love to keep the vibe of the community to the way it is. But if it does make a lot of sense for investing because now that you convert an A. D. U. you can now rent that thing out for anywhere from $1500 to $1800 a month in addition to renting out the house. Or let’s say you want to buy and you really don’t have any other options, well that person can help pay your mortgage.

If you’re interested in learning more about renovation loans and how they can help you. This is not just to buy a house, this is if you already own a house and you want to do some upgrades, we can help you out with a refinance. 

 

If there is also anything you need, any questions you have, especially if it has to do with Carson Park, I’m the guy to go to

and I’d love to help you. 

Call us directly at 562-521-8575