For Buyers:Weekly Property List:
Every weekend, without fail, EquityMax faxes out a list of 250-300 HOT properties available in the CONTINUOUSLY HOT South Florida market. Our staff examines over 15,000 buying opportunities monthly, only to find roughly 2% of these at investor-friendly prices. This list is available at no charge by fax and/or E-mail to all serious investors. The list is updated daily. The South Florida market is so active, that we often broadcast a "mid-week" Hot Sheet of newly available properties whose availability may not even last to the weekend! This list is also published on our web site 24/7 to view, click HERE. Want it sent directly by Email or Fax? Easy,Just complete our Contact Form located HERE on our Web Site and submit. Or, call our office for an application to fill out. Heres a sample "summary" page of our list and a brief "legend" of list abbreviations: |
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Legend
ASV: Tax assessed value
ARV: After repaired value
C/A: Central air and heat
CBS: Concrete block, stuccoed
CP: Carport
1CG; 2CG: 1 or 2 car garage
FRS: Frame or Frame & Stucco
K: 1,000
MC: Monthly Maintenance Fee
M-M: Month-to-month
MM: Million
MTM: Month-to month (as in tenant)
Pkg.: Parking space
PUD: Planned unit development
SFH: Single family home
W/D: Washer & Dryer
Our Mortgage Programs
EquityMax has a variety of mortgage programs. However, our specialty is making short-term mortgage loans to real estate investors. The following program reflects the general parameters of most of our loan programs. However, we recognize that each borrowers needs are unique. Therefore, please complete the "Apply Online" form located here on our Web Site and submit. Your approval will arrive within hours. Or, you may call our office to have the form faxed to you for completion.
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To learn more about our current hard equity mortgage rates, points, and fees, click here. |
Competitive Market Analysis
Before EquityMax decides to market a property, it must make sense for the real estate investor to buy. Among other things, EquityMax prepares a competitive market analysis (CMA) on the subject property to determine if it can be purchased substantially enough below market to provide an adequate profit for the investor.
On the below CMA of a randomly chosen property, we look not only at the general pricing of the competitive sales, but three additional key figures as well:
- What is the ratio of sales price to tax assessed value of the comparables, and at what price would the subject property likely sell on that basis?
- At what average price per square foot did the comparables sell for? This may not take into account "non-square foot" attributes like lot size and pools and must be analyzed carefully.
- What was the average recent selling price in the subdivision? While differences
in the attributes of each property will obviously make a difference here, it is important to know in what price range the buyer for that neighborhood has in mind.
EquityMax is pleased to provide you with not only the CMA of any property we market, but will be happy to prepare one for you on any property you are considering for either a purchase or mortgage application. You can count on us to help you reach the correct conclusion about the propertys value!? |
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Construction Lending
Over the past few years, and in many real estate markets (especially those in Florida), there has been a growing scarcity in opportunities for "below-market" purchases by real estate investors. This has been caused, in part, by favorable mortgage rates. Real estate prices have strengthened dramatically!
However, a new opportunity has thereby been created for the entrepreneurial among us, namely?new construction. Many old abandoned vacant lots are now being gobbled up by hungry investors who have now become aware that a newly-built home can not only compete very favorably on price with existing homes, but holds an "edge" with its newness.
EquityMax has recognized this growing opportunity, and now offers construction financing from acquisition of Vacant land, with draws up through certificate of occupancy. Unlike bank construction financing, our method is fast and hassle-free. Furthermore, EquityMax can recommend several contactors who can complete nearly any 1-4 unit dwelling in a little over 4? months from acquisition of the vacant lot.
EquityMax also engages in construction projects of our own. In this regard we are always seeking out competitively-priced vacant parcels. We welcome the input of our investors and their possible participation in our construction ventures.
Below is a typical construction/draw schedule we might utilize, wherein both the borrower and EquityMaxs investments are itemized at each stage of construction. |
 To Print Your Own Schedule of Values Template, Click Here.
(Print Schedule in Landscape Design)
To learn more about our current construction loan rates, points, and fees, click here. |
Vacant Land Investments:
If ever there has been a visible phenomenon in Florida real estate over the past several years, other than rising prices in general, it has been the explosion of land prices coupled with record-breaking new home construction. This trend has also been replicated in thousands of other locations nationwide.
Click here to view EquityMax's continually updated vacant land inventory and in-house financing options.
Years of favorable mortgage rates have encouraged people to gobble up available real estate for purposes of both habitation and investment, so much so that prices in many municipalities have become unbelievable or downright unaffordable, or both!
The net result has been that homebuyers and real estate investors alike have begun searching for alternative communities to live and build their dream homes and/or invest in real estate?at prices they can afford and believe in. This has been one of the key driving forces behind the Florida and nationwide land boom and surge in pre-construction buying. Additionally, now with years of solid earnings and savings behind them, hundreds of middle class, every day people are finally just plain investing in what has always been the best investment over time, real estate. The goal: buy and hold for long-term investment. After all, why gamble on stocks and bonds when a growing investment opportunity exists, literally, right under your feet?
Unlike the investor/followers of the investment club gurus, these mini-land barons have found an alternative to the grind of the buy-fix-flip of properties in the inner city. They have begun to invest modestly for anticipated gains over time in raw land. However, a funny thing happened to many of them, and practically on the way home from the closing. The value of their raw land purchase, while expected to appreciate over time, rose far more rapidly and a lot faster than they thought!
This woke them and their friends and neighbors up in a hurry. It also woke up a lot of other real estate investors who were having trouble locating enough already-existing residential properties that were undervalued. They now jumped into the fray as well.
Result: Over the last several years, raw land values in dozens of Florida locations, and many more nationwide, have quadrupled in some areas and,... risen as much as ten-fold in others! The trend of appreciating land prices should continue, especially in America's "Sun-Belt" states. Specifically, here are some interesting statistics about Florida, which will hopefully make it your number one INVESTMENT destination!
1. SARASOTA, Fla. - April 18, 2005 - The population of the Sunshine State increased an average of nearly 1,100 people per day last year, according to estimates released last week by the U.S. Census Bureau. From 2003 to 2004, Florida gained 397,980 people, pushing the total population to almost 17.4 million. If it keeps up this pace, Florida should overtake New York to become the third-most-populous state in the nation, behind only California and Texas, before 2020, according to the data. The state is currently growing faster than it did during either the 1980s or 1990s. Demographers aren't sure what's fueling the growth, although they cite workers seeking jobs, retirees -- including baby boomers taking early retirement -- and a combination of several population groups as factors. A steady stream of people moving to Florida from other states also has sparked growth over the past few years, researchers say, noting that the state's thriving economy, strong job market, favorable climate and natural environment add to the attraction. Since the 2000 census, the population of Florida has grown by about 1.4 million. With the state's population currently at almost 17.4 million, it's almost doubled since 1980, when the total count was 9.7 million.
More info: http://www.census.gov
Source: The Ledger, Victor Hull, April 16, 2005
2. ORLANDO, Fla. - April 22, 2005 - Three states, Florida, California and Texas, would account for nearly one-half (46 percent) of total U.S. population growth between 2000 and 2030, according to just-released state population projections from the U.S. Census Bureau. Florida, now the fourth most populous state, would edge past New York into third place in total population by 2011; California and Texas would continue to rank first and second, respectively, in 2030. These three states would each gain more than 12 million people between 2000 and 2030. Arizona, projected to add 5.6 million people, and North Carolina, with 4.2 million, would round out the top five numerical gainers. As a result, Arizona and North Carolina would move into the top 10 in total population by 2030 -- Arizona rising from 20th place in 2000 to 10th place in 2030 and North Carolina from 11th place to seventh place. Michigan and New Jersey are projected to drop out of the top 10.
The projections indicate that the top five fastest-growing states between 2000 and 2030 would be Nevada (114 percent), Arizona (109 percent), Florida (80 percent), Texas (60 percent) and Utah (56 percent).
Most (88 percent) of the nation's population growth between 2000 and 2030 would occur in the South and West, which would be home to the 10 fastest-growing states over the period. The share of the population living in the South and West would increase from 58 percent in 2000 to 65 percent in 2030, while the share in the Northeast and Midwest would decline from 42 percent to 35 percent.
EquityMax recognized these trends, and continues to acquire investment-priced vacant land opportunities for our clientele. Of course, EquityMax will finance these land purchases with high LTV's, making investing in your future that much easier. Click here to view EquityMax's continually updated vacant land inventory and in-house financing options.
Dont let Americas best investment strategy for the next decade pass you buy. From around the world, smart investors are experiencing the Florida land rush!
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It has been said, and it is ever so true:
THE BEST INVESTMENT ON EARTH...IS EARTH!
For Sellers:
The following are among an entire array of services we can provide our sellers, depending on the requirements of each property.
Asset Management and Evaluation:
- Provide a competitive market analysis of your property, both repaired and unrepaired, as well as observations of any visible code violations.
- Maintenance and renovation of the property once assigned. This includes board-ups(consistent with municipal and FHA requirements), locksmith services,interior & exterior cleanup, repair recommendations and bids, and monitoring of all work through completion.
- Eviction procedures, which can get underway as soon as your mortgage is
non-performing. This includes full coordination and monitoring with the servicer and/or foreclosure attorney. Through our lender experience, we are quite knowledgeable in selling mortgagor-occupied properties and experienced in short sales, deeds in lieu, and even pre-foreclosure workouts. We can often offer distressed borrowers refinancing or negotiate mortgage modification alternatives.
- Troubleshooting. We will assist in resolving any special problem with a property, such as dealing with municipalities on code issues, resolution of vandalism problems,special assessments,HOA issues,etc.
Marketing, Sale, and Closing:
- Listing our property on the MLS and the Internet. Our IDX service allows your listing to appear on all other Realtors Web sites, as well,?for maximum exposure.
- Publishing your listing on our EquityMax weekly property list, which is broadcast by fax and Email to over 1,000 targeted real estate investors weekly.
- Contact you regularly to report the selling progress of your home, to review marketing strategies, and to analyze possible selling position changes.
- Property photographs for marketing, promotional, and Internet use.
- Prepare a good-faith estimate of what your closing costs will be on the sale.
- Provide direct-equity financing for your buyers, or assist in arranging otherwise affordable financing.
- Arrange for hazard and flood insurance for your buyers.
- Recommend reputable and competent title insurance agents for your closings.
Whether buying, borrowing, or selling, youre placing critical matters in the hands of a company with a solid financial foundation and, backed by the strength of EquityMaxs knowledgeable personnel - people who have the background and experience you can trust.?
Our agents and support team always find a way to help our clients satisfy their goals. We keep your best interests in mind. The result? An impressive record of successful transactions! With honesty and integrity as our hallmark, EquityMax delivers positive results above and beyond our clients expectations.?
Our goal:
To ensure that each of our clients is completely satisfied with choosing EquityMax and the services we offer! | |
