Westbuilt Properties

Hi,

We are real estate investors and wholesalers and came across your property and it seems that it would be perfect for a Joint Venture. We have a strong track record of successful Joint Ventures and I think that together, we could close this deal quickly and profitably.

Would you be interested in exploring the possibility of a JV on this property? If so, I would love to discuss further and see if it would be a good fit for both of us.

If you are interested, please let me know and we can set up a time to talk.

Best regards,
Marianne

My E book is finally done. If you want to learn the secrets of flipping houses email me…
[email protected]

8 property fully rented portfolio available.
Email [email protected] for information. 1 triplex and 7 SFH included in portfolio.

[email protected]

Investment Opportunity in Philadelphia

903 E. Tioga - Westbuilt Properties - Sell My House Fast, We Buy And Sell Homes

Fee Simple: Fee Simple is term that describes the most common type of home ownership. It means that the owner’s property rights can be freely transferred or inherited at the owner’s discretion.

Interest: Interest is the cost of borrowing money over time, and is ultimately the responsibility of the lender to set. A monthly mortgage is typically composed of interest and principal payments on a loan.

Mortgage Broker: This is the individual or entity who acts as an intermediary between borrowers and lenders, such as originating a mortgage or placing the loan with a funding source.

Pre-Approval Letter: Homebuyers can get financially vetted and receive a loan approval estimate from their lender in the form of a letter, helping to add credibility to any offers they make.

Private Mortgage Insurance: When a buyer makes a down payment of less than twenty percent on a home, they are typically required to pay a private mortgage insurance (PMI) fee. PMI is typically assessed as a percentage of the mortgage loan, and can be satisfied once the homeowner reaches twenty percent equity.

Refinancing: Homeowners often restructure their home loan with a new one, typically to obtain a lower interest rate.

Title Insurance: Typically required as a part of the closing process, title insurance protects buyers in case there are any outstanding liens on a property.

Rehabbing Real Estate Terminology
After Repair Value: The after repair value describes an estimate of a property’s value, after repairs and renovations have been made. As a part of deal analysis, real estate investors utilize this calculation to determine the profit potential of a renovation property.

BRRRR: An investing acronym that stands for buy, rehab, rent, refinance and repeat, BRRR describes a framework where investors build passive income over time.

Distressed Property: A property becomes distressed when a homeowner defaults on their mortgage payments, is delinquent on paying property taxes, or is condemned due to disrepair.

Flipping: In real estate, flipping houses describes the strategy of purchasing a property, making improvements to it, and then putting it back on the market for a profit.

Foreclosure: When a bank repossesses a property due to the owner’s inability to make mortgage payments.

Hard Money Loan: Hard money loans are a method to borrow money for a property without utilizing traditional lenders. Hard money lenders finance the loan based on the property not your credit score. Hard money loans typically require a large down payment and a short repayment time frame.

Inspection: A property inspection is an examination through which the condition of a property is determined. Inspections can help interested buyers estimate the costs of making repairs and renovations.

Private Money Loan: Private money lending means borrowing money from an individual investor. Real estate investors use private lenders to finance deals that either won’t qualify for a traditional loan or can’t wait the usual 30 days or so that a conventional mortgage loan needs for approval.

Real Estate Auction: Financial institutions will routinely sell properties, such as those they repossessed through foreclosure, at auctions available to the public.

Short Sale: When a homeowner’s outstanding mortgage exceeds the home’s current value, they can obtain approval from their lender to list the property at a lower price. This type of sale is referred to as a short sale.