The market of buying distressed or discounted real estate in Ventura County is currently the hottest it has been in over 30 years. The biggest struggle for those interested in purchasing discounted or distressed properties in Ventura County has been the lack of loans or capital available. In the past there were only 2 sources to obtain a loan; Institutional lenders (banks, credit unions etc) or private money (hard money). In the current market the institutional lenders have all but stopped lending to investors. At the same time, the high interest expense of “Hard Money” makes it hard to turn a profit for the investor.
The good news for Ventura County: Now there is a 3rd alternative to attain capital.
Local “private wealth group” will allow an individual investor or a group of investors the ability to attain a low interest credit line (3.5% – 6%) in order to purchase distressed or discounted properties by leveraging their banking/brokerage/retirement relationships.
The uniqueness of this program is that it offers low interest expense, no income qualifications, and fast access to capital. This program is perfect for the property investor who would like to take “all cash” and compete at the County Trustee Sale.
If you would like more information on this program or you are looking to take advantage of historically low mortgage rates please contact Jeff Wettstein (805) 889-3332 or jeff@805county.com
