03.17.2013 – Investors Buy Lots of Lots

 

 

Buying a house can be a challenge in today’s market. Source Capital can help!

I have shared in my blog before about the increase in home purchasing being done by real estate investors. Now I’m going to add vacant lots to the equation. Although, we could have assumed this, it always seems to make facts more real when specific reports are made. Below is a link to an article citing one such instance. An investment group, which includes a local homebuilder, just purchased 41 residential lots in a gated community in Rancho Sante Fe, a beautiful and prestigious area of San Diego County.

 

Read the article in its entirety about the investment group’s Rancho Sante Fe purchase.

If you have been thinking of buying property to build your dream home, you may want to think fast! Real estate investors and developers continue to be aggressive competitors in the marketplace, and are employing clever marketing strategies, snatching up property right and left. There seems to be no signs of them slowing down either. As the prices rise, so do their purchasing speeds. I know I must sound like a broken record, but if you are thinking of buying, the time really is now! The inventory continues to lessen. Not only available homes, but also land, as well as multi-family housing and commercial property. It’s not too late to take advantage of the market, your choices are just slimmer and the competition is now greater.
 
 Okay. So you have found the property you want and are ready to purchase. If you are not one of the cash in hand buyers, you will need to find a funding source. In today’s market, timing is absolutely everything and a big part of that is timeliness. Not only will you need money to finance your purchase, but to compete with all cash buyers, you will need to get money fast.
 
 Although I have read reports of banks granting more real estate loans, as of late, there are still hoops to jump thorugh. If you are one of granted financing you will have to wait. While waiting, you may lose out on your dream purchase, as buyers with cash swoop in and steal the sale. Source Capital, not only can help with obtaining a loan, they can get you one faster than traditional banks.
  
Source Capital Funding, Inc. is a direct, private hard money lender that provides hard money loans and trust deed investment options throughout California and Arizona. They not only assist buyers with real estate purchases, but because they are a private lender andnot a large institution, they don’t have to wade through strict red tape to get you your loan. This allows them to grant loans in less time, making you more competitive in today’s market.
 
 Source Capital lends in Rancho Sante Fe and throughout San Diego County and in all major cities in California, including, Los Angeles, San Francisco,  Anaheim, Sacramento, San Jose, Fresno, Oakland, Bakersfield and Riverside and also in Arizona including, Phoenix, Tucson, Mesa, Chandler and Glendale. If you need a private hard money lender to fund your hard money loan or you want to work with Source Capital Funding as an investor to help supply loans, contact us  at 858.705.6144. You can also email us using this  convenient online form.
 
You can learn more about Source Capital on our Google profile page, which includes reviews from some of our clients, investors and associated real estate professionals. A great way to stay up to date with us, including following this blog, is by liking us on Facebook and following us on Twitter. Happy St. Patrick’s Day everyone! I hope you remembered to wear your green! –Sindi Somers
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