These conditions are unlike anything we've seen for generations. Risks are minimal right now and while there is a great deal of competition, there's also an exceptional amount of opportunity for new and experienced investors alike.
(PRWEB) February 12, 2013
ZINC Financial, Inc., a premier private money lender, has announced a $750.00 closing cost credit available to California property investors who apply for rehab loans by March 30, 2013. The company is offering the credit to help inspire investors to take advantage of the current superb housing market conditions. Factors including rising sale prices, a limited inventory, and increased confidence in the economy are creating a unique and unprecedented circumstance under which property investors in California are making record returns on their investments. ZINC Financial encourages all real estate entrepreneurs, both new and experienced, to take advantage of this unique investment opportunity.
"It doesn't matter if you've never invested in a rehab property before," Todd Pigott, President of ZINC Financial commented. "These conditions are unlike anything we've seen for generations. Risks are minimal right now and while there is a great deal of competition, there's also an exceptional amount of opportunity for new and experienced investors alike."
Pigott added that the risks of property investment are even further reduced when people work with experienced private money lenders. His company, ZINC Financial, has been working with California real estate investors for years and has financed over $20 million in sales with an average annual ROI of 30% to 35%.
He added, “When people have the strength of a reputable private money lender behind them, they’ll be able to get a leg up in this competitive market and secure the deeds to properties faster than other investors."
AOL Real Estate recently reported that the national housing recovery looks to continue throughout 2013. In the month of January, the number of housing markets that saw improvement rose to 242, including areas in 48 states and Washington DC. This number makes up more than two thirds of the metro areas that the Improving Market Index covers and was a substantial jump from the 201 improving markets recorded in December 2012.
The situation is looking even more promising in California and specifically in Southern California where homes are selling faster and at higher rates month after month. According to the Daily News, the median price of homes sold in Southern California in the last quarter rose almost 11% from the same quarter last year. The number of homes sold during the same period also went up by about 11%. Realtors have noted that increased job security, more confidence in the state’s economy, and all-time low federal mortgage rates are inspiring Californians to reenter the market.
Additionally, there is currently an unprecedentedly low number of homes for sale. This is because homeowners who purchased houses in the early 2000s are still waiting to recoup the value that their properties lost in the last few years. In addition, construction over the last few years was at a near standstill, significantly reducing the number of new homes on the market. While construction has resumed throughout Southern California, there is still a dearth of homes available for sale. Homes on the market in Southern California are selling within just days, and often for more than the asking price.
"There is a great deal of competition right now between property investors who are trying to snatch up the remaining foreclosed and rundown houses available in Southern California," Pigott noted. "But the fight is well worth it. While it will take strong financial backing and a reliable partner in order to make your initial investment, the current climate in the state is creating excellent opportunities for outstanding ROI on all property investments."
In order to claim the $750 closing cost credit currently being offered by ZINC Financial, borrowers should mention discount code ZINC OFFER HC-3862 to their investment advisor when applying for their private money loan.
ABOUT ZINC FINANCIAL: ZINC Financial is one of the premier private money lenders serving the California housing market. As a direct lender, the company can offer loans of up to $750,000 within seven to ten business days. Over the past several years, ZINC Financial has funded over $20 million in loans. The team at ZINC Financial has expert knowledge of the residential and commercial markets it serves, providing clients with the insight they need to leverage their wealth and develop lucrative investment strategies. To learn more visit: http://www.ZINCFinancial.net.