We Finance
Getting a loan from a bank or other traditional lending institution is almost impossible these days. Many would-be real estate investors have been locked out of the market.
Getting a loan from a bank or other traditional lending institution is almost impossible these days. Many would-be real estate investors have been locked out of the market.
Maddock Properties, LLC solves this problem by acting as the bank. That's right, we lend you the money and you pay us back a little bit each month.
Low Payments - The rent covers your mortgage
That's right - in practically every home we market, the mortgage payments our buyers pay are significanty lower than the going rent rate for that area. This is a tremendous opportunity for many reasons:
That's right - in practically every home we market, the mortgage payments our buyers pay are significanty lower than the going rent rate for that area. This is a tremendous opportunity for many reasons:
- The rent you collect from your tenants should pay your mortgage, taxes and insurance and put some money in your pocket.
- Over time, rent rates go up. Your mortgage payment will not!*
- Owning an investment property may provide many tax benefits.
*We usually offer fixed rates, so your monthly payment will not change over time. Our goal is to make housing affordable and keep it that way. We don't want payments to go up with interests rates.
Yoru Credit Score
A shakey credit score DOES NOT eliminate your from being able to purchase a home. Your down payment is enough to secure the loan.
A shakey credit score DOES NOT eliminate your from being able to purchase a home. Your down payment is enough to secure the loan.
Option
We will sometimes 'hold' a property for a buyer while they gather their down payment. This entails us collecting a smaller amount of money and reserving the home for that buyer for a set number of months.
We will sometimes 'hold' a property for a buyer while they gather their down payment. This entails us collecting a smaller amount of money and reserving the home for that buyer for a set number of months.