Equity Wealth Builders, LLC. -

Home Sales Nationally are Up! 

Created on Wednesday, 30 November 2011 11:41

Written by Patti Guard

The National Association of Realtors (NAR) reported that existing home sales improved 1.4% in October and 13.5% year over year.

Granted that's not much of an improvement.  But compared to the turmoil we've seen in the U.S. stock market and the European bond market over the last few weeks, we'll take good news where we find it.

What does it mean to buyers?  Well, as sales begin to improve, we could see a rise in home prices.  We haven't seen this yet because  distressed properties continue to weigh on the market.  But common sense says that as the distressed inventory begins to clear out, prices will rise.

We say, don't wait!  If you're looking to add real estate to your investment portfolio, this is a great time to do it.  As we've been reporting, rents are rising here in the Treasure Valley and prices of property are still low.  It's a great time to add some cash-flowing property to your investments.

If you're looking to purchase a home for your family, it's also a fantastic time to be buying.  We have homes for sale that have been completely rehabbed.  Would you like a "like-new" house at a "used" price?  Give us a call!

What if you're looking to purchase a home but some scratches and dents on your credit?  We may be able to help you as well.  We'll get you in front of one of our lenders and they'll be able to assess how soon you might qualify for a mortgage.  Then we can arrange a lease-option program to meet your needs.

Whatever your situation, if you're looking at real estate, you need to give us a call!  Please ask for either Robin or Creed at 208-288-0505.

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Our Latest Project!

Created on Wednesday, 30 November 2011 18:39

Written by Patti Guard

Earlier this year, we purchased a home in Caldwell, ID for $39,000 (seriously is this the price for a home...or a car?)

We borrowed the purchase price from one of our private lenders at 12% interest.  We had to pay a little more interest on this one because it needed quite a bit of work.  We spent $7000 on renovation which included a brand new kitchen, new windows, interior paint and carpet.  We also needed new sheet rock in the basement.  The house is like new!

We were able to finish the work in a matter of weeks.  We rented the property out immediately to a great family for $800 a month.

Our original private lender wanted to stay in the deal and finance it for a longer period.  We agreed to a 9% interest rate secured by a "like-new" house.

We're happy because even with 9% interest, we still make a really nice monthly cash flow.  We're delighted to hang onto the property for the next 5 years and create both cash flow and equity as we go.  Maybe we'll sell in 5 years and maybe we'll refinance and keep it in the portfolio.  Great to have options!

Call us at 208-288-0505 if you'd like to find out more about our private lending programs or are looking for newly renovated rental property with a resident already in place.

 

 

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Where are Real Estate interest rates going?

02 December 2011

By R. U. Listening

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liqua. Ut enim ad minim veniam, quis nostrud exercitation ullamco laboris nisi ut aliquip ex ea

commodo consequat. Duis aute irure dolor in reprehenderit in voluptate velit esse cillum dolore eu fugiat nulla pariatur. Excepteur sint occaecat cupidatat non proident, sunt in culpa qui officia deserunt mollit anim id est laborum.

Lorem ipsum dolor sit amet, consectetur adipisicing elit, sed do eiusmod tempor incididunt ut labore et do lore magna aliqua. Ut enim ad minim veniam, quis nostrud exercitation ullamco laboris nisi ut aliquip ex ea commodo consequat. Duis aute irure dolor in reprehenderit in voluptate velit esse cillum dolore eu fugiat nulla pariatur. Excepteur sint occaecat cupidatat non proident, sunt in culpa qui officia deserunt mollit anim id est laborum.

Lorem ipsum dolor sit amet, consectetur adipisicing elit, sed do eiusmod tempor incididunt ut labore et do lore magna aliqua. Ut enim ad minim veniam, quis nostrud exercitation ullamco laboris nisi ut aliquip ex ea commodo consequat. Duis aute irure dolor in reprehenderit in voluptate velit esse cillum dolore eu fugiat nulla pariatur. Excepteur sint occaecat cupidatat non proident, sunt in culpa qui officia deserunt mollit anim id est laborum.

 

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Treasure Valley Real Estate Market?

01 December 2011

By R. U. Listening

Lorem ipsum dolor sit amet, consectetur adipisicing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam, quis nostrud exercitation ullamco laboris nisi ut aliquip ex ea commodo consequat. Duis aute irure dolor in reprehenderit in voluptate velit esse cillum dolore eu fugiat nulla pariatur. Excepteur sint occaecat cupidatat non proident, sunt in culpa qui officia deserunt mollit anim id est laborum.

 

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