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Buying or Selling Real Estate
Buying and selling Real Estate can be an exciting and overwhelming experience. That is why a Realtor that is also a Lender and an Investor can give you the advantage when buying, selling, or renovating.
Bryan Anderson | California DRE #02248349 | NMLS #2527389
Brokerage: Equity Smart Real Estate Services CA DRE #01906808 | Equity Smart Home Loans NMLS #856170
Mortgage and real estate services are offered only in California and only where properly licensed.
Not all borrowers will qualify. Rates, programs, and terms are subject to change.
As a Real Estate Agent, I have partnered with an organization that will design, fund, and manage renovations for home sellers. Imagine selling your home for top dollar without paying anything for renovations until the home sells.
If you need to move now, but the home needs work to get top dollar, the same organization will make you a cash offer now, then renovate, and then split the profits with you when it sells again. You get paid twice for your home, allowing you to be a cash buyer on your next property before your current home is renovated and re-sold.
If you are in San Diego County and would like more information on this offering, give me a call.
Financing your Project
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There are hundreds of Home Loan Programs designed to fit your specific needs. From income based primary residence home equity loans to asset based investment property loans that do not require any income documentation.
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The Real Estate Loans Most Buyers Never Hear About
Two of the most overlooked opportunities are:
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Asset utilization loans for retirees
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Owner-occupied 2–4 unit property loans that allow you to use future rents to qualify, often with little or no money down.
A retiree may have: - $1,000,000 in retirement accounts - Significant cash reserves - Investment accounts - Rental property equity - Low taxable income because they are living off savings or dividends. Traditional lenders often reject these borrowers because they cannot show enough monthly income on tax returns. Asset utilization loans solve this problem. Instead of qualifying you based on pay stubs or tax returns, the lender converts your liquid assets into an “imputed monthly income.”
A borrower has: - $800,000 in retirement accounts - $200,000 in cash
The lender uses 70% of retirement assets and 100% of cash:
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$800,000 × 70% = $560,000
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$200,000 cash = $200,000
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Total qualifying assets = $760,000
If the lender divides that by 120 months:
$760,000 ÷ 120 = $6,333 per month in qualifying income
That borrower may now qualify for a home they otherwise could not purchase.
Buying a 4-Plex With Little or No Money Down
One of the fastest ways to build wealth in real estate is to buy a 2-, 3-, or 4-unit property, live in one unit, and rent out the others. This strategy is often called “house hacking.” What most people do not realize is that you can often buy up to a 4-unit property with: - A very small down payment - Sometimes no down payment at all - Future rental income used to help you qualify. Because you live in one unit, the property is considered owner-occupied, which gives you access to much better loan terms than an investor buying a rental property. The most powerful feature is that the lender can often use a large percentage of the expected rent from the other units to help you qualify.
Suppose the other three units are expected to rent for: - Unit 2: $2,200/month - Unit 3: $2,200/month - Unit 4: $2,100/month
Total projected rent = $6,500/month
Most lenders can use approximately 75% of that projected rental income:
$6,500 × 75% = $4,875/month
That $4,875 is added to your income for qualification purposes.
A buyer who could not normally qualify for an $800,000 property may suddenly qualify because the building itself is helping pay for the mortgage.
In many markets, the rent from the other units can cover most—or sometimes all—of the mortgage payment.