The Principals of Prime Home Real Estate own more than 100 doors and specialize in investor-grade properties.
Connect with us for any of the following
- Private Money (Hard Money)
- Sheriff Sales
- Flipping Inventory
- Investing Strategies
- Discounted Listings
- Buyer Credits
Proven Formula for long-term wealth – this formula requires zero money out of pocket and will result in the home being paid off in 15 years.
- Find a single family property that has potential for improvement
- Purchase it quickly with cash, lines of credit or private money
- Add value with strategic (value-added) repairs/upgrades/renovations
- Place tenant
- Complete a refinance of the appraised value to a 15-year mortgage
- Analyze the results and pinpoint ways to improve the end result
- Repeat this process again with a new property!
Formula by the numbers
- 70,000 purchase
- 3,000 closing costs
- 10,000 repairs
- 83,000 total investment
- 105,000 appraisal
- 80% loan to value is $84,000 loan
- 15-year loan is $590
- Rent is $995