Real estate investing requires a new way of thinking about your money
Wheeler, Chairman and Chief review Executive Officer, stated, We believe that the acquisition of Jenks Reasors is consistent with our strategy of acquiring retail focused properties with a stable tenant in a community-driven, tertiary market. This acquisition expands our presence in the growing Tulsa market, and we believe will help provide a strong return on our investment. Jenks Reasors Jenks, Oklahoma Built in 2011, Jenks Reasors is an 81,000 square foot free standing property and is located in one of fastest growing communities in the state. The property is leased by Reasors Food an employee owned, regional grocery chain.
For the original version including any supplementary images or video, visit http://finance.yahoo.com/news/wheeler-real-estate-investment-trust-124500443.html
They have a lawyer write up all the documents that big conventional lenders require. The borrower will sign a promissory note at closing agreeing to the lenders terms and the lawyer will record a deed of trust securing the promissory note to the property. The best part about it, the borrower pays for that lawyer. So, if a real estate investor wants to buy a home that is worth $100,000, the private lender will probably give the investor about $65,000 max. If the investor is successful and flips the home in six months, which is about the normal time frame, then the lender will probably make about a 10 to 14 percent return on their money in just six months.
For the original version including any supplementary images or video, visit http://www.washingtonpost.com/blogs/where-we-live/post/real-estate-investing-requires-a-new-way-of-thinking-about-your-money/2013/03/26/d0c6f0c0-956f-11e2-ae32-9ef60436f5c1_blog.html