Short-term loans for the real estate investor

Released on = March 12, 2007, 5:29 pm

Press Release Author = Jim Ingersoll

Industry = Real Estate

Press Release Summary = So you've started playing the real estate investing game?
This type of investment requires a loan company that specializes in providing
short-term loans. Richmond Investment Properties is helping investors by providing
access to loan money for real estate investors through www.rehabbercash.com

Press Release Body = Richmond Investment Properties, known for taking the hard work
out of finding moneymaking house deals, has recently begun providing real estate
investors with specialized loan programs that cater to this type of real estate
investing.

Money for flipping a property is only needed on a short-term basis. Enough time to
purchase the purchase the property and fix it up for resale or refinancing. Through
www.rehabbercash.com, loan money is available to real estate investors in
metropolitan areas who buy houses, fix them up, and re-sell them. Loans are
provided on detached single-family residential houses located in cities and counties
with a population over 300,000. Loans for properties located in smaller communities
may be reevaluated on the merits of the applicant's credit and may require down
payments or be declined

A simple online loan application consists of three sections. The first section
requests information required for borrower pre-approval. The second section
involves a property evaluation that identifies the important details on the property
you intend to purchase. The final section requires the applicant to provide a
detailed list of all exterior, interior and miscellaneous repairs needed for the
property. Repair information must be identified to determine the loan amount. Our
inspectors will verify the repairs during the initial loan review. As you make
improvements to your property, you may request the release of your repair money by
submitting a draw request.

The approval process is simple. Submit your application at www.rehabbercash.com.
You can expect a preliminary answer within 48 hours after you have submitted all
required forms and documents. A final commitment and approval budget letter will be
provided after the property's appraisal and inspection report have been received and
reviewed. In addition, the applicant's credit report will be reviewed as well.

Don't have a property selected yet? Investors can save time by completing the
pre-approval application in advance. After being approved, funding is generally
available within 48 hours upon receiving the appraisal, proof of insurance, clear
title, and verification from your title company stating that they will follow
specific closing instructions.

Loans are available in cities and counties with a population over 300,000. For
properties located in smaller communities the loan may be reevaluated on the merits
of the applicant's credit and may require down payments or be declined.

For more information about short-term loans for real estate investors visit
www.rehabbercash.com.


Web Site = http://www.rehabbercash.com

Contact Details = Carmel Properties
Jim Ingersoll
(P)804-677-9025
email:jimingersoll@comcast.net
http://www.cheaprichmondhouses.com

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