With our new Buy & Hold programs, savvy investors have an excellent opportunity to get a leg up in this ultracompetitive housing market
Clovis, California (PRWEB) April 16, 2013
ZINC Financial, Inc., a premier private money lender serving housing markets throughout California, is pleased to announce two new Buy & Hold loan programs. These programs are specifically designed to provide serious real estate investors with loans of up to $750,000 in a matter of days. The programs offer exceptional rates and terms between 48 and 60 months to allow for maximum return on investment.
"Now is an optimal time to get into the California housing market, particularly in the Bay Area," Todd Pigott, president of ZINC Financial commented. "With federal interest rates at all-time lows, increased confidence in the economy, and fewer homes on the market than years past, California is seeing housing market surges that are outpacing the rest of the country."
In fact, the California housing market has seen more growth over the last several months than it has since 2006, and Sacramento is leading the charge. According to the Sacramento Bee, there were fewer than 1,100 active home listings in Sacramento County in the month of February, which is considered less than a month of inventory. This ultimate sellers’ market drove area prices up by 15% in February compared to the same month one year ago, and other housing markets in the area are doing almost as well.
The lack of inventory and rising demand are creating immense competition, and smart housing investors are among the fiercest competitors in the current market. The number of foreclosed properties on the market is decreasing significantly, but there are still excellent opportunities to buy undervalued homes that have an excellent chance of gaining immense value over the coming months and years.
"With our new Buy & Hold programs, savvy investors have an excellent opportunity to get a leg up in this ultracompetitive housing market. We’re able to provide investors with loan approval in less than 48 hours, giving them the backing that they'll need to make bids on investment properties as soon as they go on to the market," Pigott noted.
Buying and holding real estate is one of the most stable and potentially lucrative investment opportunities available to American investors, and the California real estate market is ripe with excellent opportunities for long-term investment, particularly in Northern California. According to Realtor Mag, six of the seven metro areas with the fastest rising list prices are in California.
Across the nation the median asking price reached $189,900 in February. In Sacramento, the fastest rising market, the median list price is $279,900 with a year-over-year increase of 40.3%. Oakland experienced a nearly 31% year-over-year increase to a median list price of $419,000. San Jose did almost as well with a 29.5% year-over-year increase to $607,000. The other markets on the list were Santa Barbara, San Francisco, Fresno, and Phoenix, Arizona.
The ZINC Financial Buy & Hold program is ideal for investors who are interested in a long-term strategy to take advantage of these rising prices rather than "fix and flip." Clients of ZINC Financial who have taken advantage of the Buy & Hold program often rent out their properties, gaining monthly income in addition to the value that the house gains over the period of the loan.
The ZINC Financial Buy & Hold programs are intended for real estate investors who are able to bring at least 20-30% of the purchase price to the table. Each program has a 30 year amortization and interest rates between 8.99% and 9.99%. Contact ZINC Financial to obtain the full terms of each program.
About ZINC Financial
ZINC Financial, Inc. is a premier private money lender with one of the best reputations in the industry. The team of financial advisors at ZINC offer residential rehab loans to savvy investors interested in house flipping as well as Buy & Hold strategies. With in-depth knowledge of the California housing market as well as expert advice regarding ideal investment strategies, ZINC Financial is able to provide investors with the loans that they need as well as unmatched support and guidance throughout the investment process. With private money loans granted within 7 to 10 business days and approval given within 48 hours, no other lender provides the speed and level of service found at ZINC Financial. Learn more by visiting ZINCFinancial.net or by calling (559) 326-2509.