If you have the option and it works to diversify your strategy, sell some but keep others as your legacy wealth — because rolling your properties into a long-term rental strategy creates the residual income from a consistent cashflow, unattainable by flipping properties alone.
a rental or flip is on radar. “Thinking of selling? Call me before you list!” Leaving a simple note such as this in a desirable neighborhood can go a long way. And of course, it pays to work with a stellar agent who is sourcing off-market properties or has an off-market strategy; otherwise, returns may shrink when competing in the listing environment. TO SELL OR NOT TO SELL? Depending on the value of your property(ies), this might literally be a million-dollar question. Yes, with the markets being so hot, it may behoove you to list your property(ies) for sale to drive higher value… but the caveat is eliminating your cashflow in a peak rental market.
Learn more about CIVIC at www.civicfs.com/ThinkRealty.
essar An Interview With Bill
“ The pandemic impacted a lot of private lenders, but we were fortunate enough to not just survive, but thrive and grow. The structure and discipline of our operation created a powerful foundation, and we quickly adapted as an organization, 300 employees strong.
Bill Tessar, President and CEO of Civic Financial Services
1 HOW HAS CIVIC ADAPTED TO THE MARKET?
Having a new capital partner gives us virtually unlimited access to capital at a lower cost, therefore we were able to pass that savings on to our customers. Three rate drops later, we have arrived at what are now our lowest rates ever — competitive with even conventional lending rates, which are continuing to rise. The CIVIC Difference is rooted in our values, also known as the ABCCS: Act with honor; Be a great partner; Communicate clearly; Create smiles; and Simplify. Our clients need speed, leverage, and certainty to close, so we invest in our people to make that happen. A people-first company, our culture is a priority so that our force of happy employees can give 100% focus on fast, honest, simple lending.
2 HOW HAS THE ACQUISITION OF CIVIC BY PWB IMPACTED CIVIC?
COMMERC IAL REV I EW : : 5 “
3 I KEEP HEARING ABOUT THE CIVIC DIFFERENCE – WHAT IS THAT ABOUT?
1. 75%-80% LTV available to well qualified borrowers on properties located in major metropolitan areas. LTV is subject to decrease based on property location, property condition and borrower qualifications. Financing up to 85% of the purchase price, so long as not exceeding designated max LTV. 2. Rates & fees for Multifamily loans may vary. Ask your CIVIC Account Executive for details on our Multifamily program. © 2021 Civic Financial Services, LLC. All Rights Reserved. This is not a commitment to lend. All offers of credit are subject to approval. Restrictions may apply. Civic Financial Services, LLC reserves the right to amend rates and guidelines. NMLS ID 1099109. Loans made or arranged pursuant to a California Finance Lenders Law License 603L321. AZ Mortgage Broker License 0928633. OR Mortgage Lending License ML-5282. See www.civicfs.com/Licensing.
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