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Investment in California Real Estate

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Kourosh768 | 16 Mar 2016, 09:37 PM Agree 1
Save and earn thousands of Dollars in rebates each time you buy or sell California Real estate! Buyer or Seller Rebate in one place - Please visit:
  • AnnaDanishek | 21 Apr 2016, 09:25 AM Agree 0
    (( commoooon
  • randy2233 | 27 Jun 2016, 10:14 AM Agree 0
    Loan offer at interest rate of 5% for real estate investors, business owners and personal mortgage.

    Contact me for more information/details
    Phone Call/Text:(252) 755-2596
  • Scott | 27 Jun 2016, 06:15 PM Agree 0
    First, why do you make multiple posts?!

    Secondly, I can walk into any bank today and get a mortgage between 2.30% and 3%. Why would anyone pay 5% for a mortgage?

    Or is this ad targeted at the "ninja" (no income, no job, no assets) market? If so, it's stupid. This has already been tried in USA and it was a dismal failure.
    • JohnnyVegas | 06 Sep 2016, 03:47 PM Agree 0
      Well, I'm not a lender I'm a Las Vegas Realtor, if your an investor 5% is pretty good no matter how you look at it. I have a few investor buyers that own multiple properties and a conventional mortgage is not possible. They are getting hard money mortgages at 10% letting the property season for a year then refinancing or bulking the properties together to get a lower hard rate.
  • Scott | 06 Sep 2016, 06:06 PM Agree 0
    @JohnnyVegas - thanks for the info. I really could not figure out how this was going on - 5% interest for mortgages when my last mortgage in Canada was 2.4% I think. It really seemed to be a scam.
    Personally, just because I don't understand it fully, I would stay away from it. Maybe when I've been doing this for a few more years....
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