We have just gotten a big break when it comes to obtaining a loan to start flipping properties in the Santa Clarita Valley and in Surrounding communities.
The money source has always been there for investors wanting to flip homes. However, we have just received word that our lender, Mike Meena with Augusta Financial, is now able to do them in house. There are still requirements, but this definitely changes the game for the better.
With regard to lending in the Santa Clarita Valley – Mike Meena, is also a master of Owner Occupied Origination(O.O.O.). O.O.O. refers to you wanting to purchase a home, needing a loan, and wanting to make that home your primary residence.
Either way – you have ways you can go with your wanting to purchase and invest in real estate. Mike is a game changer, his company lends money in house – With that kind of back up, you can rest assured that your home or investment property is going to close.
If you want to find foreclosures that are still “in process” get yourselves to our Foreclosure Radar Resource, it works with city names and or zip codes. You will find auctions, foreclosures and pre-foreclosures listed on this all inclusive database. Our Santa Clarita Website also has the same feature installed on the home screen below the fold – you can also view and subscribe to all of the newest Santa Clarita Listings there as well!
Here is Mike Meena’s latest video talking about being able to loan money for investment flips “in-house”. He also talks about the 1990’s and with the current interest rates, you are able to buy at those prices.