STOP THE BLEEDING
ATTENTION: Investors who own Out-of-State Rental Properties
Are you Underwater and/or have Negative Cash Flow on your investment properties?
You can greatly improve your financial situation by letting go of struggling investment properties.
Are you Underwater and/or have Negative Cash Flow on your investment properties?
You can greatly improve your financial situation by letting go of struggling investment properties.
UNDERWATER?
If you are Underwater, then you owe more on your mortgage(s) than the property is worth. It could take several years for the value to just get back to what you originally paid. It's like throwing away money.
NEGATIVE CASH FLOW?
High vacancies, increasing expenses, high maintenance costs and decreasing rents can create negative cash flow.
This can cost you thousands of dollars per year and it may not make sense to continue draining reserves by holding on to negative cash flow properties.
This can cost you thousands of dollars per year and it may not make sense to continue draining reserves by holding on to negative cash flow properties.
If you purchased investment real estate in 2002 - 2006, and still own these properties, then you may be hanging on to an Underperforming Investment that can continue to drag you down for years. It may be the best financial decision, and a huge relief, to let go of this investment without causing major damage to your credit.
Is there a better alternative than foreclosure?
Having a foreclosure on your credit report can be devastating. You may not be able to get another loan for 7 years. In addition, a foreclosure could have a negative impact on your credit card interest rates and reduce your credit limits. There is a better solution to letting go of underperforming/underwater properties without this level of damage to your credit.
A Short Sale is the better solution
A Short Sale is when your property is sold for less than what is owed on the mortgage. This is often a better alternative for you and your lender. There is much less of an impact on your credit and you can be free from a negative cash flow, underwater property. This works for rental properties as well as a primary residence.
We can help
Raymond Investor Network specializes in short-selling California and Out-of-State rental properties. As Certified Short Sale Negotiators, we can get your home(s) listed and negotiate the complete transaction with your lender from start to finish.
Call or e-mail and we will help you with the best strategy for an Underperforming real estate property/portfolio and to determine if you qualify for a Short Sale.
We can help
Raymond Investor Network specializes in short-selling California and Out-of-State rental properties. As Certified Short Sale Negotiators, we can get your home(s) listed and negotiate the complete transaction with your lender from start to finish.
Call or e-mail and we will help you with the best strategy for an Underperforming real estate property/portfolio and to determine if you qualify for a Short Sale.