Are you getting a 10 - 15% or more yield from your CD's, stocks, savings accounts, IRA's Pension Plan and other investments?
If the answer is no, I want to share with you over 14 years of experience with very safe investments that produce high yields while at the same time providing security and liquidity.
We buy houses and are always looking for investment capital to buy, rehab, and sell homes.
WE do not borrow more than 65% of the value of the home. You will be paid 10 - 15% interest.
When we pay you off, you will be paid one extra payment. With each loan you get an
appraisal, title insurance, fire insurance and first mortgage. All loans are closed at
a title company / attorney office.
Think what your $ can be worth.
| 5 Year Period | |||
| Amount | 5% interest | 12% interest | Net Increase |
| $10,000.00 | $2,500.00 | $6,000.00 | $3,500.00 |
| $25,000.00 | $6,250.00 | $15,000.00 | $8,750.00 |
| $50,000.00 | $12,500.00 | $30,000.00 | $17,500.00 |
| $100,000.00 | $25,000.00 | $60,000.00 | $35,000.00 |
Does it make sense for a bank to run your investments for you? Banks would like you to believe it does at 2-4% interest.
Well, there is an alternative for you to consider. That alternative is Private Mortgage Loans. You can loan money, secured by a first mortgage that will not only give you the safety you want but will also give you the high yield you deserve.
What we are dealing with here are very low loan to value loans. By that I mean no higher than 60-65% of the value of the property securing the loan. This means if a house appraises for $60,000 you wouldn't make a loan for higher than $39,000. That's a 65% loan to value. It's obvious why this is a much safer approach than most lending institutions take.
The banks are in trouble because they make loans at 80%, 90% and even 95% loan to value ratio. They just don't have any cushion in case of default. On the other hand, when you are dealing with a 65% maximum LTV there is so much equity above the loan that if you ever had to foreclose, the property would be sold at only for enough to cover your investment but quite often at a huge profit.
Home Central Inc.
Home Central is a real estate investment company specializing in buying distressed properties and repairing them and then selling them on the open market. We sell to homeowners and investors. We buy rural and city properties, with price ranges of $10,000.00 to $150,000.00.
Our three full-time maintenance crews spend hundreds of thousands per year repairing foreclosures that we by from banks. We are so confident in the quality of our work that we give a warrantee/guarantee to each of our home buyers.
Why do we need to borrow at these rates? It's not the cost of money that counts but the availability! When our company finds a deal we don't have to wait for bank approval of the funds. The ability to negotiate the best possible deal by having "cash" available more than compensates for the higher interest. Best of all we love the relationships built with sellers, investors and future homeowners!
Home Central Inc.
646 N. Main
Marion, Ohio 43302
740-531-0266
www.homecentralinc.com
sales@homecentralinc.com
Get the Most out of Your IRA/401 K Use it!
Why?
- Use your IRA and 401K and all the interest we pay you are Tax Free for Roth and Tax Deferred for a regular IRA.
- Use your IRA and 401 K and Equity Trust will collect your payment for you (no hassles).
- Use your IRA and 401 K and use the power of 10 - 15% interest returns compounded to grow your retirement.
How?
Equity Trust is an Ohio based company with over 31 years of experience that deals in true
self-directed retirement investing. More importantly we trust our retirement investments with them.
Equity Trust Co.
225 Burns Rd.
Elyria, Ohio 44035
www.trustetc.com
440-323-5491
- Call Home Central to set up an appointment to discuss the procedure for transferring your money to their company.
- Contact Home Central to inform them that your monies are ready.
- We submit a loan package to you and the Title Company.
- You will fill out paperwork to direct Equity Trust to send the specified money to the title company.
- Title Company/ attorney will set closing, disperse money to seller, and provide the loan package to the lender (title insurance, appraisal, note, payment schedule, etc.).
We will walk you through. You can talk to us, Title Company, or attorney at anytime!
FAQ
Do I need a lot of money?
No! We use as little as $5,000.00.
Who borrows at 10 - 15%?
We do! It's not the cost of money that counts but the availability!
When our company finds a deal we don't have to wait for bank approval of the funds.
The ability to negotiate the best possible deal by having "cash" available more than compensates for the higher interest.
What if I want to liquidate?
We can liquidate a mortgage in 60-90 days (less time than a CD at the bank with penalties).
However, no money should be invested if you know you will need it quickly.
Who handles all of the details?
Well, we believe that unless you are highly skilled in real estate matters,
you should use a good Title company. It is their job to get you proper documentation and protect your interest.
All of this costs you nothing. All costs are paid by us.
If you made a $10,000 loan, you send a check for $10,000 to the closing agent
and you get a mortgage or Deed of Trust for $10,000.
Is this a long term investment?
No! It can be any term you want. You're the boss. Usually a private investor wants a year term or less,
but some don't care if it stretches to ten to fifteen years. You can pick a term that suits your strategy for retirement.
Some investors make interest only loans with a short term balloon,
and some will amortize for ten or fifteen years and balloon in five, and finally some prefer longer term.
It's your money and it's your choice. We commonly use loans for 6 months to 2 years.
Can Home Central Run off with my money?
We are not and should never be in possession of your money. Make your check out directly to the closing
agent for the gross amount of the loan. The closing agent will then dispense funds when all documents are ready.
How the monies are released for repairs to Home Central?
15% of the repair money is released at closing. The remainder of the money is released as the repairs are completed.
What does my closing package look like?
It contains the following:
- Promissory Note for Home Central to pay
- Property Mortgage for amount of money invested
- Lender Insurance Policy- issued by the title company stating that there re no title problems.
- Copy of Appraisal
- Special terms between lender and Home Central
- Copy of Closing Statement detailing all monies spent for the transaction
- Copy of Property Insurance naming the lender as the loss payee
Call for an appointment today to see just how safe and profitable this can be for you!
Home Central Inc.
419-565-1012 Cell
740-531-0266 Office