Creative Real Estate Strategies 

The real estate landscape is evolving, and we are thrilled to be on the cutting edge of technology and new opportunities for our buyer, seller, and investor clients. Take a look at the products and concepts below, and let us know if you would like more information. 

Self Directed IRA for Real Estate Investing

Buy and hold rental real estate and/or privately lend with your retirement account, and watch the asset earn income and appreciate tax free until you sell.

Reverse Mortgage

This loan product allows homeowners with significant equity to get out of a mortgage. Instead of you paying the bank, the bank can pay you. There are certain circumstances where this can be a very effective tool. Property owner must be at least 62 years old.

Reverse Mortgage Purchases

Did you know you can purchase a home with a reverse mortgage if you have a large enough down payment? This is a great way for those who have always wanted to live on the Monterey Peninsula to take advantage of their current equity and own a home without an expensive mortgage. 

Realvitalize

This exclusive Coldwell Banker program funds home renovations to add value or make repairs before going on the market! Coldwell Banker is then reimbursed at close of escrow out of net proceeds on the sale. 

Homelight Cash Offer

To compete with cash buyers in the marketplace, you can now use a great service that will assist you in making a cash offer on a home while you secure financing for a small fee. 

Homelight Trade-In

Transitioning to your next home, but need to sell? Homelight will give you a market value cash offer on your home, then once you find a replacement home you can make an offer without a contingency for the sale of your current residence. You control the timelines, and if you get more for your home than previously negotiated, Homelight will pay you the difference minus program costs and fees. 

HELOC – Home Equity Line of Credit

With values 30% above the peak of the last market cycle, and interest rates projected to increase next year due to the fed tapering, there has never been a better time to get access to the equity in your property. Take advantage of this strong market and lock your interest rate.

P-LOC – Portfolio Line of Credit

Similar to accessing equity in your home, a portfolio line of credit allows you to access credit against your portfolio of stocks and other securities. 

ADU – Accessory Dwelling Unit

California’s housing crisis has inspired new initiatives to create housing opportunities. One of which is the opportunity to build a guest unit on your existing property. Our local water restrictions still apply, but if you have been curious about this, we are happy to share our thoughts and help you take next steps.

For more information email us at: Team@TheHeinrichTeam.com

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