Property Management Services

After purchasing an Arizona investment property, one of the most pressing - and challenging - decisions is how to manage it. To fully enjoy the financial rewards of owning an investment property, you must make the right decisions about its management.

Metropolitan Real Estate is a leading provider of professional residential property management services in the Valley. Metropolitan manages all types of residential properties including single family homes, condominiums and townhomes. Their mission is to offer personalized and professional service to both their clients and customers by building strong relationships, utilizing the latest technology, implementing effective marketing strategies, following consistent systems all with honesty and integrity throughout every facet of their business.

Short-Term Financing, Bridge Loans (Hard Money Loans)

Hard money, lenders offer a specialized type of real-estate backed loan. They provide short-term loans (also called bridge loans) that are fundings based on the value of real estate that collateralize  the loans. Hard money lenders typically charge much higher interest rates than banks do because: they fund deals that do not conform to bank standards, and they do not take the typical lengthy time frames that most banks will require to secure financing.

Most hard money lenders lend up to 60% of the selling price. Lenders may lend more than 60% if the future Loan-to-Value (LTV), based on After Repair Value (ARV), is under 65%. Some will go as high as 80% or even 90% LTV as long as the future LTV is under 65%. There are other considerations that affect the lenders’ decisions with regards to maximum LTV - the location of the properties, the income (if any), the nature of the repairs that may have to be performed, and the financial strength of the buyers.

In addition to the down payment, a borrower must have a sufficient cash reserve to: complete the fix-up of the property and allow for contingencies in the event that the property  cannot be flipped or rented quickly enough.

Foreclosure Repair & Renovation Contractors

Using skilled trades that are experienced with working on foreclosed and bank-owned properties is highly recommended. Your AZ Bidder account manager can provide you with a comprehensive list of referrals and recommendations for trades and for suppliers of all types.