How To Pay Cash for Your Investment Property in Dallas & Fort Worth

While you may believe you are in no position financially to invest in another property, there are several creative ways to achieve the American dream of homeownership. The ultimate in buying is the ability to pay cash for the real estate transaction, saving time, trouble, and interest. Cash buyers stand out among other offers and can typically pay slightly less to the seller for the convenience of an instant deal. If you would like to make a real estate transaction and don’t have the cash on hand now, pay attention to these five tips to help you pay cash for your investment property in Dallas & Fort Worth

How To Pay Cash For A Property | JCA Freedom Home Investors

Save Up

Saving towards pay cash for your investment property in Dallas & Fort Worth requires dedication to your budget, but the payoff in savings is well worth the effort. You can use the time you build savings to correct your credit report’s flaws and work to bring your debt to income ratio into balance. Remember to calculate any additional costs of moving in and taking the little extra steps necessary to turn a house into a home, such as throw rugs, curtains, and the like.

Short Term Lenders

While the interest is higher, short-term loans or bridge loans are a solution to making a real estate transaction for many buyers.  If you’re ready to purchase a new property and don’t want to miss out on a great deal, you can avoid the contingency of having to wait for your existing home to sell. These loans use your home’s equity to pay cash for your investment property in Dallas & Fort Worth. These loans are typically no longer than12 months, and there is no prepayment penalty. 

Life Insurance Loan

You can borrow against your whole life or permanent insurance property to pay cash for your investment property in Dallas & Fort Worth.  With no mortgage process to go through, these funds are quick and easy to access. Typically up to 90 percent of the policy’s value is available. Additionally, the loan will not be reported to the credit bureaus, as is done with typical loans, so it will not affect your credit standing.

Sell Other Assets

While your motorcycle was worth it to you when you were younger, it is now polished to perfection, ready to go, yet there it sits in your storage unit, costing you money to hold. As time has passed and your priorities have changed, you may understand that the money you have tied up in assets that were once desirable to you could be earning you passive income for your retirement. Why not sell other assets that are no longer serving you and pay cash for your investment property in Dallas & Fort Worth.

Borrow from Family

By arranging a loan with a family member, you can pay cash for your investment property in Dallas & Fort Worth, and they can earn the interest on the loan. You’ll still have the same rights of ownership of the property as if you were dealing with a bank, you will be paying lower interest, and the payment plan can be more flexible. Known as a private loan, the lender will hold a lien on the property on the off chance something should happen, and you are unable to make the payments.

Cash is king! Our experienced agents at JCA Freedom Home Investors are ready to work with you to plan out the best course of action for your investment portfolio. If you would like to learn more about paying cash for your investment property in Dallas & Fort Worth, JCA Freedom Home Investors can help you find the best path for you. Why not take advantage of the possibilities to begin today? Send us a message or call JCA Freedom Home Investors at (972)737-7571 now. 

Christina Spence

Christina Spence, a dedicated wife, mother, and friend, is committed to helping homeowners in the Dallas-Fort Worth area find solutions during difficult times. She and her husband offer a simple, stress-free process. They are end buyers, purchasing pre-foreclosed or unwanted homes in the North Texas area, ensuring families can quickly move forward with confidence.

Get More Real Estate Market Info... Subscribe Below!

Learn more about us and find other resources on buying investment properties with us. Like us, follow us, connect!

Access Local TX Investment Property Deals...

Handyman Properties - Fixer Uppers - High Equity. *These are not on the MLS - Many are below $100k. Available properties on the next page.
  • This field is for validation purposes and should be left unchanged.