Fast Cash Home Buyer Charlotte NC

10/13/2021

$69,900 / 2br - 1056ft2 - OWNER FINANCING*MUST SELL*NO BANKS*PADUCAH KY

For sale by owner. 2bed/1 bath, approx 1056 sqft. Fenced in back yard. Fix it up while you live in it. Needs TLC, it is a fixer upper but definitely livable and you’ll own it! So you can do whatever you want to it!
Probably the best part is that we are OWNER FINANCING this home. This is NOT a lease purchase or rent to own where you pay for years and own nothing, but REAL owner financing where the buyer gets the deed at closing. We are looking for a reasonable down payment and income history to do the loan for the new owner. No credit check, we just check verifiable income. This home at this price won’t last long!
FAQ’s
1. Do I own the home? Do we have a closing?
We close at a local title company, and you get the deed. You own the home. We take back the note just like a bank.
2. What if I want to make changes to the home?
You own it, all we care about is the payment being made. Feel free to make any kind of changes to the home that you like.
3. What is the down payment?
Down payment is $10,000. Negotiable. We can do a 10, 20 or 30 year note on this loan. The loan can run the full term, there is no balloon, and no prepayment penalty. You can use your 401K penalty free for a down payment.
4. I’m interested in the home, and have the down payment. How do I view?
Message us with your amount for down payment and your monthly income and if you qualify, then we can set up a time to view the property.
5. I have bad credit. Do you check credit score?
No. We have this crazy idea that credit score doesn’t pay the bills, but cash and income does. As long as you have a reasonable down payment and income that shows you can afford the home, we do not check credit score.
PM us, and we can set you up to view the home.

09/20/2019

Investing in Charlotte is always a great idea! We can help you add to your portfolio with some of the best properties available! Learn more about how we work with out of state investors in our latest post!

There are a number of things out of state investors will need to look into before thinking about making an investment in a property out of state. The process can be very rewarding as you will be open to an endless number of new opportunities. However, there are some things to be cautious of when buying a house out of state or sight unseen. Below are just a few of our tips to help out of state investors buy properties in Nashville and the surrounding areas.

Research Properties
The majority of property information is public knowledge. You can look up sales history, add-ons, and other details of a property simply by visiting the county appraisers website. Do as much research as you can on a property. Don’t rely on photos alone. Ask for a video tour, or make the trip to view the property in person. Don’t buy the first house you find. Take some time to research multiple properties. Watch for market trends, changes, and fluctuations.

10/13/2018

8 Things Investors Wish They Knew Before Starting Out in NC

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Many people want to invest, but hold themselves back out of fear of the unknown. In our latest post, we have compiled a list of things investors wish they knew before starting out in NC. Knowing these things will give you a solid start on your investment journey!

#1 – Keep Your Emotions in Check
BUying with emotion is something we have all done at one point or another. However, one of the worst times to do this is when you are making investments. Remind yourself that the property in an investment, not a home for yourself. Don’t buy a house out of your budget because you fell in love with the breakfast nook. Successful investing is a numbers game. Know your numbers and stick to them when buying an investment property in Charlotte.

#2 – Don’t Wait Around For The Perfect Deal
Yes, you do need to stick to your numbers but don’t expect to find your dream home when buying an investment property in Charlotte. Be open to compromise as long as the returns are what they need to be. Let’s say you were aiming to find a four-bedroom home to attract family tenants. However, you just found an amazing 2/2 in a great area. Don’t get so set on what you are looking for, that you miss out on an extremely lucrative deal.

#3 – How To Live For Free
A popular choice for investors, especially when just starting out, is to purchase an owner-occupied property. By using this strategy, you can qualify for a low-rate mortgage just like if you were to buy a single-family home for your use. You can buy a property with up to 4 units, or a large house if you are comfortable having roommates. The rent you receive each month should easily cover the mortgage and monthly maintenance, allowing you to put more cash in the bank.

#4 – Know Your Numbers
Before making an investment in real estate, run your numbers and projections on each property you are thinking about buying. Know these numbers and don’t stray from them. Ask yourself, how much can you pay each month? How much do you need to make? Negotiate to get the numbers you need, and if they aren’t there, the deal isn’t likely right for you.

#5 – Be a Good Landlord
Strive to be the kind of landlord you would want to have. Imagine if your landlord went above and beyond to make sure his tenants were happy? Imploring this technique is likely to get you long-term, high-quality tenants who show respect for the property. Don’t skimp out on repairs and upgrade the house to keep it current with other properties in the area.On the flip side, make sure to fully screen all tenants, even if they come highly recommended. In order for you to be the great landlord, they need to hold up their end of the deal.

#6 – Invest In A Good Neighborhood
Many investors will tell you to never take a chance buying a property in a bad area, even if you have found an excellent deal. Invest in good neighborhoods and you will likely find tenants who will want to stay awhile. With high tenant turnover comes a high vacancy rate, which means you lose money. When buying an investment property in Charlotte don’t take a chance in a bad neighborhood. Dealing with repairs, break-ins, and other common problems can be expensive and burdensome.

#7 – Look At Annual Numbers, Not Just Monthly
It great to know what you are spending and making each month on a property, however, it is important to look at the bigger picture. Consider your annual cash flow which will include vacancies, repairs, management costs, and property taxes. The costs on a property go far beyond the mortgage.

#8 – Always Have An Exit Strategy
As with any investment, you should always have an exit strategy in place. What if you don’t see the returns you were expecting? Or what if something happens in your life that requires you to sell quickly? Make sure to have an exit strategy in place so you are blindsided by the need to sell quickly.

Are you ready to invest in Charlotte? We are here to help! Send us a message or give us a call today! (704)-585-8850

8 Things Investors Wish They Knew Before Starting Out in NC August 25, 2018By Michael Many people want to invest, but hold themselves back out of fear of the unknown. In our latest post, we have compiled a list of things investors wish they knew before starting out in NC. Knowing these things will g...

05/01/2018

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Michael Anderson is a real estate investor at Fast Cash Home Buyer buys properties in, CHARLOTTE, NC. My name is Michael Anderson. I am primarily a Single-family investor based out of the Charlotte, NC area. I am looking to connect with Investment properties. Make sure to Friend me and Like my C***e...

03/12/2018

What Can Go Wrong When You Inherit a House in NC
January 31, 2018
By Michael

what-can-go-wrong-when-you-inherit-houseIf you’ve suddenly inherited a house, you may not be prepared for the questions and issues that can arise. And if you make the wrong decisions, you will likely encounter financial, emotional, and family problems before long.

Forewarned is forearmed, they say, so here’s some of what can go wrong when you inherit a house in NC.

What Can Go Wrong When You Inherit a House in NC
You May Owe More Taxes than Anticipated
Most people don’t have to worry about estate tax because of the very high exemption (in the millions), and the estate tax was even temporarily suspended on 2010. But also mostly suspended in 2010 was the step-up provision. So in considering what can go wrong when you inherit a house in NC and when you intend to sell it, you need to consider the stepped-up capital gains situation.

The step-up provides that you pay capital gains taxes only on the gains above the fair market value at the date of the decedent’s death. It has nothing to with the price the decedent paid for the house – unless the step-up falls in one of the years when it was changed. In that case, you may owe a lot more in taxes than you bargained for.

The Mortgage May Be Bigger than You Thought
Generally in the past, when an elderly parent or relative passed, the mortgage on their house was paid off. These days, though, it’s common for elderly people to take out a reverse mortgage on their home to supplement insufficient retirement funds.

You need to be aware, then, that a reverse mortgage cannot be assumed by heirs. And in the case of a standard mortgage, you can assume the mortgage only if you live in the house yourself. So if you intend to rent the house, you may have to refinance it in your own name.

The House May Need Repairs and Upgrades
With respect to what can go wrong when you inherit a house in NC, this one may be the most costly. Most of the time, people inherit a house from a deceased elderly parent or very close relative. Besides not having the physical ability to perform maintenance and upgrades, many elderly people don’t have the money for it either. And if they do, they may simply choose not to because they know they won’t be living in the house very many more years.

If you plan to live in the inherited house, this may not be a huge concern. But if you intend to rent it or sell it, you’ll have to make repairs to make it presentable and upgrades to bring it up to code and meet other legal and insurance requirements. Installing a new HVAC system or re-wiring the house will involve a big chunk of money.

You May Have Problems with Relatives and Joint Heirs
But what if you’re not the only heir? That can be a problem. Suppose you and your siblings inherited the house jointly. If you want to sell it, your brother may want to rent it, and your other brother, to live in it himself. You can see what a powder keg waiting for a spark this is.

In most states, joint heirs of a home are considered tenants in common, and one heir can force a sale if it comes to that. The process, however, is expensive, and the emotional and familial consequences are likely to be highly unpleasant.

So what can go wrong when you inherit a house in NC? Quite a lot, actually, if you’re not up to speed on tax laws, mortgages, and upgrade issues. It is best to contact a qualified professional to help head off these issue quickly.

We’re ready to help you reach your real estate goals and will be glad to answer any and all questions. Contact us by phone at (704)-585-8850 or fill out the online form.
http://www.fast-cash-home-buyer.com/what-can-go-wrong-when-you-inherit-house-sc/

03/12/2018

Can A House Be Sold While In Probate In Charlotte NC?
February 7, 2018
By Michael

Can A House Be Sold While In Probate InThe answer to the often-asked question “Can a house be sold while it is in probate in Charlotte NC?” is “Yes.”

But you must adhere carefully to your state’s pertinent rules and regulations. The probate court will monitor every step and all aspects of the sale, and if you’re the executor, you, too, must monitor and approve all the terms of the sale. It can be a complex process, but understanding it will make things a little smoother.

Can A House Be Sold While In Probate In Charlotte NC?
Appointment of Administrator/Executor
If the decedent’s will designated a specific person as the executor and that person is willing to act in that capacity, then he or she is officially appointed as the executor. If on the other hand, no one has been designated as executor in the will, then the court and/or other relatives will appoint a near relative to act as administrator.

Appraisal
The next step is to have the property appraised. But you must make sure the appraiser you choose is a licensed, reputable appraiser. The property must sell at a price that is at least 90% of the appraised value, so you need an appraiser who can get it right.

Sale
This is the step where the answer to “Can a house be sold while it is in probate in Charlotte NC?” begins to become a reality. And you’ll start by having your agent list the house on a multiple listing service so that buyers will know it’s a probate sale.

An interested buyer makes an offer along with a 10% deposit, an offer which you can accept or reject. If you do accept it, the offer is then subject to court confirmation. You must submit the offer through your probate attorney to the court for confirmation. If everyone is in agreement, then a date is set for the sale to be finalized in court.

When the offer on the house in probate has been accepted and confirmed by the court, a Notice of Proposed Action must be mailed to all the heirs. This document states all the terms and conditions of the proposed sale. Heirs then have 15 days to review the notice and raise objections if they have any. If none of the heirs has any objections, the sale can go forward without a court hearing.

Overbidding
Now, here’s where it gets a little complicated. Before the court confirms and approves the original buyer’s offer, the judge will ask those present in the courtroom if any of them would like to bid on the property. If no one does, then the sale proceeds in the standard fashion mentioned above.

If, however, there is an overbid, the original buyer’s 10% deposit must be refunded before the new sale at the new bid price can proceed. When the overbid is accepted, the new buyer must then put up a 10% deposit, which is required to be a cashier’s check. This check for the accepted overbid deposit is presented to the executor/administrator at the winning bidder’s acceptance hearing.

Upon court confirmation and approval, a contract can then be signed. But it is a specialized kind of sale contract because it cannot have any contingencies, and escrow closes soon after the hearing, usually within 15 days.

As you can see, there are some complicated rules for selling a house while in probate. It is advised to consider contacting an attorney for more specific help.

We’re ready to help you reach your real estate goals and will be glad to answer any and all questions. Contact us by phone at (704)-585-8850 or fill out the online form.

http://www.fast-cash-home-buyer.com/