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5 Tips to Help You Pay Cash for Your Investment Property in Orange County

While you may believe you are in no position financially to invest in another property, there are several creative ways to achieve the American dream of homeownership. The ultimate in buying is the ability to pay cash for the real estate transaction, saving time, trouble, and interest. Cash buyers stand out among other offers and can typically pay slightly less to the seller for the convenience of an instant deal. If you would like to make a real estate transaction and don’t have the cash on hand now, pay attention to these five tips to help you pay cash for your investment property in Orange County

Save Up

Saving towards pay cash for your investment property in Orange County requires dedication to your budget, but the payoff in savings is well worth the effort. You can use the time you build savings to correct your credit report’s flaws and work to bring your debt to income ratio into balance. Remember to calculate any additional costs of moving in and taking the little extra steps necessary to turn a house into a home, such as throw rugs, curtains, and the like.

Short Term Lenders

While the interest is higher, short-term loans or bridge loans are a solution to making a real estate transaction for many buyers.  If you’re ready to purchase a new property and don’t want to miss out on a great deal, you can avoid the contingency of having to wait for your existing home to sell. These loans use your home’s equity to pay cash for your investment property in Orange County. These loans are typically no longer than12 months, and there is no prepayment penalty. 

Life Insurance Loan

You can borrow against your whole life or permanent insurance property to pay cash for your investment property in Orange County.  With no mortgage process to go through, these funds are quick and easy to access. Typically up to 90 percent of the policy’s value is available. Additionally, the loan will not be reported to the credit bureaus, as is done with typical loans, so it will not affect your credit standing.

Sell Other Assets

While your motorcycle was worth it to you when you were younger, it is now polished to perfection, ready to go, yet there it sits in your storage unit, costing you money to hold. As time has passed and your priorities have changed, you may understand that the money you have tied up in assets that were once desirable to you could be earning you passive income for your retirement. Why not sell other assets that are no longer serving you and pay cash for your investment property in Orange County.

Borrow from Family

By arranging a loan with a family member, you can pay cash for your investment property in Orange County, and they can earn the interest on the loan. You’ll still have the same rights of ownership of the property as if you were dealing with a bank, you will be paying lower interest, and the payment plan can be more flexible. Known as a private loan, the lender will hold a lien on the property on the off chance something should happen, and you are unable to make the payments.

Cash is king! Our experienced agents at H&M Realty Group are ready to work with you to plan out the best course of action for your investment portfolio. If you would like to learn more about paying cash for your investment property in Orange County, H&M Realty Group can help you find the best path for you. Why not take advantage of the possibilities to begin today? Send us a message or call H&M Realty Group at 949-625-4533 now. 

Joe

Broker/Realtor/Investor/Mentor (41 years experience) Specialties: Buyer's Agent, Listing Agent, Foreclosure, Short-Sale, Property Management, Landlord I'm a Full Time Real Estate Professional, house flipper and mentor to many of my clients. I am here to help you get top dollar for your home or get you the best price for a home that you are going to live in. I have over 40 years of real estate experience for you to draw on and actively list and sell over 20 homes a year. I have sold over 600+ homes in the last ten years alone. I am a very skillful negotiator and will work diligently to help you realize the best possible price when buying or selling your home. With my Exclusive Home Acquisition & Sales System, I can find the Right Home for You! I have access to homes no other Realtor will show you. I can show you how to save an average of $10,000.00 on the purchase price. We will find a home that fits your needs, in a neighborhood that suits your style. If you are selling your home then I can bring all the professionals to you. I always include professional photos in ALL my listings. I have contractors standing by to assist with those upgrades if needed. I can also quickly get you ALL CASH offers for your home if you desire. My marketing surpasses all other agents. It begins with extensive internet advertising to hundreds of websites throughout the world. I do direct mail marketing for you home and also knock on doors in your neighborhood when I am holding an open house. I hold you home open to expose it to as many buyers as possible. My Exclusive program is designed to sell your home for Top Dollar in Any market. I am an experienced flipper here in Orange County and therefore can offer you my over 40 years of real estate experience. The information is available to you at no charge! If you like what you see, please call me and setup Your Free Consultation.

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