Karen Weger, Realtor, Sunset Canyon Realty

Canyon Lake Hills, Canyon Lake  -  Announcing a price reduction on 1591 Greenhill, a 1,040 sq. ft., 2 bath, 2 bdrm single story "Lake house, near lake & park". Now MLS® $114900 - Great price near lake.

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As everyone has heard the mortgage companies have tightened their lending requirements. This latest has made it very difficult for the self employed or business owners to get  home financing. These are all the folks in the community you may work with, your realtors, building contractors, store owners, landscaping companies, etc.....

In the past a lot of investors bought rental homes as investments. This brings with it the hassle of the property perhaps sitting vacant between tenants, the upkeep, the taxes, insurance, etc.....

An alternative would be to purchase homes and owner finance to these business owners and self employed. I myself used bank statements last time to prove income. No longer allowed. Most have good credit scores, you could set your standards. You collect the down payment, you have them pay the taxes and insurance all the while collect an interest rate between 6-8%. That is not a bad return. The rental homes in San Antonio  for a while were seeing approximately 10% increase in equity each year, but then you had the cost of upkeep, insurance and taxes, etc....Then the cost to sell again.

What happens if they default? You keep the down payment and sell it again. A substancial down payment would be more than a one month deposit on a rental home and a lot less risky as most will probably not default.

In the past I have worked with folks on both sides of this as the realtor. I have these buyers waiting. An investor says yes, they will invest in a home in specific area, price range etc...I then take the buyer out to choose a home within that scope. You can also do this as a one time close saving money on closing costs.

Usually these notes are ammortized for 30 years to make the payments affordable. However you can ask for the note to be balooned if you wish to get your money back in 3-5 years or so. At 3 years the note holder has paid very little principle. So you would have made a lot of interest and they still owe close to what they paid. Which is typical when borrowing from any lender.

Everyone wins.

If you or someone you know would like to invest like this or something similar please contact me. If you are a business owner self employed buyer let me put you on our list.

We must think outside the box these days for ways to make our money work harder. Seems some of the past investments are not profitable any longer.

Also if you are wanting to sell  a home and owe nothing and own it outright, this could be the upper edge you could have to make your home more attractive to more buyers.

 Contact me today.

karenweger@gmail.com

Avery Park, New Braunfels  -  Announcing a rent/lease reduction on 2112 Dorman, a 1,500 sq. ft., 2 bath, 3 bdrm single story "Lease with option to buy, brand new home". Now MLS® $1,050 Monthly - Great buy, must sell.

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Tranquility Park, Canyon Lake  -   620 Country Pike, a 3,776 sq. ft., 2 bath, 3 bdrm 2 story "Ranch House on 5 acres, garage apt. ". Now MLS® $535,000 - Ranch home.

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Avery Park, New Braunfels  -  Announcing a rent/lease reduction on 2233 Lakeline, a 2,152 sq. ft., 2 bath, 4 bdrm 2 story "Brand new home for lease, 1st option ". Now $1,500 USD Monthly - Monthly.

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With the recent rise in gasoline prices we wanted to help. This Spring Sunset Canyon Realty is offering their clients a $50 gas gift card to come visit and allow their friendly, professional and knowledgeable agents to show you homes of interest. They can show all homes listed in the Texas Hill Country and Canyon Lake, TX area. Members of two MLS and board of Realtors, they have access to all properties.

We feel it is worth the drive to view the beautiful Texas Hill Country and blue green clear water of Canyon Lake and Guadalupe River. Real Estate prices are still very reasonable in Central Texas compared to other areas with similar beauty. Low cost of living and friendly folks is an added bonus.

Real Estate Market is healthy. Many homes and properties selling and new listings daily provide a great balance.

All we need from you is your time, a pre-qualification letter from your lender. If you do not have a lender we can introduce you to one from our prefered lender list. All offer free pre-qualification and can do that by phone or e-mail. Despite recent conflicts and stories about lending, there are still 100% fianancing packages, VA, FHA, and many more loans to choose from.

Please visit our web site for contact information and to view great properties. We look forward to seeing you soon.

www.cityandlakehomes.com

• 1,426 sq. ft., 2 bath, 3 bdrm single story "Brand new hill country home near lake" - MLS® $144,900 - Brand new home

Rocky Creek, Canyon Lake  -  Nestled in Texas Hill Country, brand new home, open & bright. Tile floors, Fireplace, over 1/2 acre, master bed w/huge walk in closet, tile in baths, tile countertops in kitchen, nice cabinets & appliances, large inside utility, drive to back door for entry, near lake & parks, schools & shopping, secluded enough to enjoy sitting on your front porch enjoying evening shade & quiet. EZ maintenance.

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