Indy Investor Magazine June2015

ndystor Magazine IInve

June 2015

Looking for a Rental?

See Rental Properties & Renter Application Inside

Page 4

Buyer Outreach Training with Lisamarie Schmidt & Michael Kerkhof

June 19 11am-3:00pm

Page 15

Ask the Edito r: A

fter a for eclo can we st sure, ill a new mo get rtgage?

Page 18

FIND OUT HOW YOU CAN OWN A HUD HOME WITH $100 DOWN PROGRAM

Apex Contracting Services Inc. Property Preservation & Remodeling

Call For a Free Estimate Phone: 317-721-3092 ApexContractingServices@gmail.com www.ApexContractingServices.com 2

First Time Home Buyers, Investors

478125I 1

1/11/12, 1:03:50 PM

RSVP for Tours at:

1-800-276-8940 ext 2 or bustour@atlantisrealtygrp.com

HUD Homes & Foreclosures Tour Here is your chance to view great deals on HUD Homes and Bank Foreclosures. Meet and talk with professionals such as lenders, appraisers, inspectors and contractors to learn about the home buying process and how to bid on properties.

IndyInvestorMagazine.com

What are QR codes?

The reason why they are more useful than a standard barcode is that they can store (and digitally present) much more data, including url links, geo coordinates, and text. The other key feature of QR Codes is that instead of requiring a chunky hand-held scanner to scan them, many modern cell phones can scan them.

They look like this: ____________

How does the cell phone read the code?

They come to us from Japan where they are very common. QR is short for Quick Response (they can be read quickly by a cell phone). They are used to take a piece of information from a transitory media and put it in to your cell phone. We use QR Codes in our magazine to see the virtual tour or website of a property. Once it is in your cell phone, it will give you details about that property or business.

The cell phone needs a QR code reader, which most of them are free from your app store. It takes literally 1 minute for someone with an iPhone or Android phone to find and install the reader

How QR codes work 1. The QR code is scanned by a device, in this case a smart phone.

2. QR code software on the phone analyzes the image and extracts encoded information.

AARON STECKELBERG • U-T

Sources: Open Mobile Alliance: Tech-faq.com

Lisamarie Schmidt

3. The decoded information - such as text, numbers or even website addresses - is displayed on the device.

FOR SUBSCRIPTION & ADVERTISING

Editor-in-Chief

Write to Indy Magazine at 9775 Crosspoint Blvd., Suite 118 Indianapolis, IN 46256.

Amanda Kilby

To order a back issue: Send U.S. check or money order for $2.00

Chief Creative Editor

Contributors:

Mike Kerkhof David Heller Lisamarie Schmidt

Visit our website for more information: www.IndyInvestorMagazine.com Register for an online subscription for FREE or subscribe for a hardcopy delivered 12 issues for $24.00 online or mail us.

If interested in advertising in our publication call us at 1-888-765-3431 or email to lisas@atlantisrealtygrp.com for rates.

IndyInvestorMagazine.com

3

9775 Crosspoint Blvd., Suite 118 Indianapolis, IN 46256

How to Avoid Rental Scams on Craigslist is a great resource for finding likely a scam. If you are unsure you can Craigslist homes, unfortunately there has been an always call the number.

Always pay with a check, money order increase in scams on Craigslist involving 4. Releasing personal information, if they or wire. This way you have a way of Rentals. Renters that are looking online are asking for your personal information, tracking the money. for a new home need to ensure that they such as your social security number or are protecting themselves from these your banking information, do not give 8. You should always receive a lease. We recommend getting a copy of it first to scammers. Follow these steps to avoid your personal information over the review it and after you sign it always being a victim to these predators. phone. Professional Companies that take a copy with you. This protects you As a client looking to become a tenant: deal with renting homes will meet with and the owner of the property. The lease 1. Use a professional. Realtors are a great you at the location of the home or their should also contain information on how resource to find rental homes. They can office and give you an application to to contact the property management also do the research to make sure the fill out. They should never ask for you company or owner and their address. owners are legitimate. Typically these information over the phone.

Craigslist is a great starting resource to services are free, so why not use them. 5. Also keep an eye out if the person is help your search for a new place to live not willing, or able, to show you the 2. If it sounds too good to be true, then it but potential renters need to be aware of probably is. Always look at how much home. If they own the home there is no the scams that could be out there. This is reason why they cannot meet you there the rent is at the location of the home. an increasing problem that not only affects Does it seem right for the area? If you and show you the house. If someone the tenants but the owners as well. So there are unsure do a little research around the legitimately is trying to rent out a home is always two victims when these crimes area that the home is in to see what other they are going to be willing to meet you happen. homes are going for. If it is exceptionally to show the home.

So as an owner using craigslist to rent a low then this is most likely a scam.

6. Never wire money or send checks to property, here are some helpful hints to 3. Another sign would be the phone anyone that you haven’t met or don’t prevent these types of scams: k n o w their company. Only deal with number. If you are looking for a home professionals that are local 1. Always review craigslist and watch in your area and the phone number and you can meet with in for potential post that have copied your is for another state or even information. If you find that someone person. another country has done that then report it to craigslist. this is most 7. Never pay in cash.

2. If a potential tenant calls and reports to you that someone else is soliciting your property on craigslist, call craigslist and also report to your local authorities.

Because of the increase in these type of fraud cases, most local authorities have set up task force departments to handle them. You can also call the Attorney General’s office to report the problem.

3. We also suggest water marking your pictures, so that no one else can easily copy and use them.

4. Check your property weekly to make sure no one has placed signs on your property or changed the locks.

4

IndyInvestorMagazine.com

9775 Crosspoint Blvd., Suite 118 Indianapolis, IN 46256 821 Spring Valley Drive Indianapolis

2835 Redland Lane Indianapolis

7855 Puckett Lane Indianapolis

1218 Harlan Street Indianapolis

Too New For Photo $1,075

BLC#21345159

3 Bedrooms, 1.5 Baths www.tourfactory.com/

1945 Schwier Court Indianapolis

$1,015

BLC#21335929

3 Bedrooms, 2 Baths, 1,673 Sq. Ft. www.tourfactory.com/

9722 Kittrell Drive Indianapolis

$1,525

BLC#21353749

5 Bedrooms, 2.5 Baths, 2,268 Sq. Ft. www.tourfactory.com/

109 Arrowhead Street Sheridan, IN

$1,390

BLC#21332191

3 Bedrooms, 2.5 Baths, 2,073 Sq. Ft. www.tourfactory.com/

$1,045

BLC#21328588

3 Bedrooms, 2.5 Baths, 1,368 Sq. Ft. www.tourfactory.com/

707 Fern Street Greenfield, IN

$1,025

BLC#21326434

3 Bedrooms, 2.5 Baths, 1,406 Sq. Ft. www.tourfactory.com/

225 Burke Avenue Indianapolis

$1,015

BLC#21334182

3 Bedrooms, 1.5 Baths, 1,504 Sq. Ft. www.tourfactory.com/

4505 E 21st Street Indianapolis

$34,900

BLC#21332168

2 Bedrooms, 1 Baths, 1,440 Sq. Ft. www.tourfactory.com/

$1,180

BLC#21326686

3 Bedrooms, 2 Baths, 1,846 Sq. Ft. www.tourfactory.com/

6804 Carlsen Avenue Indianapolis

$1,025

BLC#21345160

3 Bedrooms, 1.5 Baths, 1,373 Sq. Ft. www.tourfactory.com/

668 Fern Street Greenfield, IN

$1,250

BLC#21354031

3 Bedrooms, 2.5 Baths, 1,981 Sq. Ft. www.tourfactory.com/

7558 Rogers Drive Indianapolis

$1,175

BLC#21337284

3 Bedrooms, 2.5 Baths, 1,575 Sq. Ft. www.tourfactory.com/1307124

IndyInvestorMagazine.com

$650

BLC#21332115

3 Bedrooms, 1 Baths, 1,104 Sq. Ft. www.tourfactory.com/

3940 Planewood Drive Indianapolis

$1,350

BLC#21327365

3 Bedrooms, 2.5 Baths, 2,184 Sq. Ft. www.tourfactory.com/

5413 Meckes Drive Indianapolis

$1,135

BLC#21331778

3 Bedrooms, 1.5 Baths, 2,453 Sq. Ft. www.tourfactory.com/1290881

3556 Moller Road Indianapolis

$840

BLC#21337555

3 Bedrooms, 2 Baths, 1,456 Sq. Ft. www.tourfactory.com/1309267

5

9775 Crosspoint Blvd., Suite 118 Indianapolis, IN 46256

Get on the Social Bandwagon with Atlantis Realty

8236 Laughlin Drive Indianapolis

1343 Countryside Drive Indianpolis

Want to know about properties coming soon before they are listed? Follow us on all the local social media. http://twitter.com/AtlantisRealty

Check out these listings and our commercial properties on our website at www.AtlantisRealtyGroup.com.

6407 W 11th Street Indianapolis

$1,100

BLC#21349266

3 Bedrooms, 2 Baths, 1,208 Sq. Ft. www.tourfactory.com/

10144 Edgewood Road Brownsburg, IN

$1,336

BLC#21347153

4 Bedrooms, 1.5 Baths, 1,202 Sq. Ft. www.tourfactory.com/

616 Boonesboro Road Greenwood, IN

$1,175

BLC#21329392

3 Bedrooms, 1.5 Baths, 1,172 Sq. Ft. www.tourfactory.com/

66

1114 School Street Greenfield, IN

$1,105

BLC#21346055

3 Bedrooms, 2 Baths, 950 Sq. Ft. www.tourfactory.com/670300

8211 Trevellian Way Indianapolis

$1,215

BLC#21329387

4 Bedrooms, 2.5 Baths, 2,720 Sq. Ft. www.tourfactory.com/

$800

BLC#21352960

3 Bedrooms, 1 Baths, 1,6760 Sq. Ft. www.tourfactory.com/

9104 Jene Court Indianapolis

$1,100

BLC#21352972

3 Bedrooms, 2 Baths, 1,200 Sq. Ft. www.tourfactory.com/

215 Ricks Avenue Greenfield, IN

$1,065

BLC#21341677

3 Bedrooms, 1.5 Baths, 1,280 Sq. Ft. www.tourfactory.com/

5911 Sapelo Drive Indianapolis

$1,125

BLC#21343866

3 Bedrooms, 2 Baths, 1,400 Sq. Ft. www.tourfactory.com/

IndyInvestorMagazine.com

$1,100

BLC#21349268

4 Bedrooms, 2 Baths, 2,080 Sq. Ft. www.tourfactory.com/

1220 E Hazelwood N Drive Shelbyville, IN

$1,200

BLC#21354035

3 Bedrooms, 1.5 Baths, 1,715 Sq. Ft. www.tourfactory.com/

10305 Heather Hills Road Indianpolis

$1,150

BLC#21347149

3 Bedrooms, 2 Baths, 1,846 Sq. Ft. www.tourfactory.com/

2611 Kay Ellen Drive Indianapolis

$1,175

BLC#21344356

4 Bedrooms, 2 Baths, 2,006 Sq. Ft. www.tourfactory.com/

9775 Crosspoint Blvd., Suite 118 Indianapolis, IN 46256 505 Tomahawk Street Sheridan, IN

$1,380

BLC#21333256

4 Bedrooms, 2.5 Baths, 1,886 Sq. Ft. www.tourfactory.com/

713 Fern Street Greenfield, IN

$1,005

BLC#21336327

3 Bedrooms, 2.5 Baths, 1,308 Sq. Ft. www.tourfactory.com/

9441 Gemini Drive Indianapolis

$1,020

BLC#21331784

3 Bedrooms, 1.5 Baths, 2,100 Sq. Ft. www.tourfactory.com/

5609 Personality Court Indianapolis

$1,215

BLC#21329944

4 Bedrooms, 1.5 Baths, 1,836 Sq. Ft. www.tourfactory.com/

2342 Allford Court Sheridan, IN

$1,165

BLC#21336541

3 Bedrooms, 2.5 Baths, 2,160 Sq. Ft. www.tourfactory.com/

611 Fern Street Greenfield, IN

$1,080

BLC#21327027

3 Bedrooms, 2.5 Baths, 1,480 Sq. Ft. www.tourfactory.com/

10871 Mansfield Way Ingalls, IN

$1,140

BLC#21336629

3 Bedrooms, 2.5 Baths, 1,718 Sq. Ft. www.tourfactory.com/

8521 Sansa Street Camby, IN

$1,230

BLC#21329949

3 Bedrooms, 2.5 Baths, 2,043 Sq. Ft. www.tourfactory.com/

2337 Collins Way Greenfield, IN

$1,140

BLC#21336324

3 Bedrooms, 2.5 Baths, 1,972 Sq. Ft. www.tourfactory.com/

2606 Constellation Drive Indianapolis

$1,150

BLC#21343879

4 Bedrooms, 1.5 Baths, 2,126 Sq. Ft. www.tourfactory.com/

3534 Lacebark Drive Indianapolis

$1,090

BLC#21336551

3 Bedrooms, 2.5 Baths, 1,468 Sq. Ft. www.tourfactory.com/

6101 Old Mill Drive Indianapolis

$1,050

BLC#21328729

4 Bedrooms, 1.5 Baths, 1,806 Sq. Ft. www.tourfactory.com/

IndyInvestorMagazine.com

371 Ashby Drive Greenfield, IN

$1,135

BLC#21334664

3 Bedrooms, 1.5 Baths, 1,344 Sq. Ft. www.tourfactory.com/

640 E Main Street Greenwood, IN

$1,040

BLC#21334181

4 Bedrooms, 1.5 Baths, 1,189 Sq. Ft. www.tourfactory.com/

10445 Apple Creek Way Indianapolis

$1,135

BLC#21335083

3 Bedrooms, 2.5 Baths, 1,746 Sq. Ft. www.tourfactory.com/

11444 Shady Hollow Lane Indianapolis

$1,165

BLC#21333255

3 Bedrooms, 2 Baths, 1,431 Sq. Ft. www.tourfactory.com/

7

Thinking of Renting your Property?

Let ATLANTIS REALTY

take the hassLe out of the process.

Atlantis Property Management & Leasing Collect

a $500 referral fee per property when owner uses our services Can’t sell your listing, we can lease it and you keep your client Refer out your property management Create another source of revenue Protect future sales, owner is referred back to you when it is time to sell home. Your information is linked to every property you refer to ensure the owner is referred back to you.

9775 Crosspoint Blvd., Suite 118 Indianapolis, IN 46256

8

IndyInvestorMagazine.com

9775 Crosspoint Blvd., Suite 118 Indianapolis, IN 46256 8809 Country Lane Court Indianapolis

$1,175

BLC#21322092

3 Bedrooms, 1.5 Baths, 1,532 Sq. Ft. www.tourfactory.com/

7615 Hummel Place Indianapolis

$1,195

BLC#21327366

3 Bedrooms, 2.5 Baths, 1,997 Sq. Ft. www.tourfactory.com/

7818 Inverness Court Indianapolis

$1,045

BLC#21326686

3 Bedrooms, 1.5 Baths, 1,098 Sq. Ft. www.tourfactory.com/

864 W 6th Street Greenfield, IN

2604 Redland Lane Indianapolis

$1,020

BLC#21327112

3 Bedrooms, 2.5 Baths, 1,368 Sq. Ft. www.tourfactory.com/

2323 Rolling Oak Drive Indianapolis

$1,150

BLC#21328685

3 Bedrooms, 2.5 Baths, 1,426 Sq. Ft. www.tourfactory.com/

532 Mountain Pine Drive Greenwood, IN

$1,150

BLC#21324949

3 Bedrooms, 2.5 Baths, 1,362 Sq. Ft. www.tourfactory.com/

334 Brookstone Drive Greenfield, IN

10732 Inspiration Drive Indianapolis

$1,175

BLC#21323541

3 Bedrooms, 2 Baths, 1,524 Sq. Ft. www.tourfactory.com/

3654 Cedar Pine Place Indianapolis

$940

BLC#21335084

3 Bedrooms, 2 Baths, 1,052 Sq. Ft. www.tourfactory.com/

10923 Snowdrop Way Indianapolis

$1,155

BLC#21331785

3 Bedrooms, 2.5 Baths, 1,710 Sq. Ft. www.tourfactory.com/

3536 Valley Lake Drive Indianapolis

2838 Sheffield Drive Indianapolis

$990

BLC#21336331

3 Bedrooms, 1.5 Baths, 1,884 Sq. Ft. www.tourfactory.com/

5705 Ensenada Avenue Indianapolis

$1,075

BLC#21327438

4 Bedrooms, 1.5 Baths, 1,506 Sq. Ft. www.tourfactory.com/

4049 Steelewater Way Indianapolis

$1,110

BLC#21329950

3 Bedrooms, 2.5 Baths, 1,683 Sq. Ft. www.tourfactory.com/

3930 Narrowleaf Court Indianapolis

Too New For Photo $850

BLC#21332199

3 Bedrooms, 1.5 Baths www.tourfactory.com/

$1,150

BLC#21327026

3 Bedrooms, 2.5 Baths, 1,776 Sq. Ft. www.tourfactory.com/

$1,000

BLC#21322092

3 Bedrooms, 1.5 Baths, 1,152 Sq. Ft. www.tourfactory.com/

IndyInvestorMagazine.com www.AtlantisRealtyGroup.com

$1,100

BLC#21332192

3 Bedrooms, 2.5 Baths, 1,440 Sq. Ft. www.tourfactory.com/

9

9775 Crosspoint Blvd., Suite 118 Indianapolis, IN 46256 808 Meadow Lane Greenfield, IN

$1,075

BLC#21354450

3 Bedrooms, 2 Baths, 1,421 Sq. Ft. www.tourfactory.com/

5580 Revolutionary Drive Indianapolis

10882 Ravelle Road Indianapolis

$1,290

BLC#21352004

3 Bedrooms, 2.5 Baths, 2,049 Sq. Ft. www.tourfactory.com/

1810 E 75th Place Indianapolis

1254 S SR 267 Avon, IN

$1,300

BLC#21352966

3 Bedrooms, 1.5 Baths, 1,556 Sq. Ft. www.tourfactory.com/

4134 Candy Apple Blvd.

Indianapolis

1183 Odell Lane Greenfield, IN

$1,150

BLC#21326684

3 Bedrooms, 3 Baths, 1,299 Sq. Ft. www.tourfactory.com/1291937

10046 Arapahoe Drive Indianapolis

w $1,275

BLC#21352974

3 Bedrooms, 2 Baths, 1,716 Sq. Ft. www.tourfactory.com/

10008 Catalina Drive Indianapolis

$1,000

BLC#21352990

4 Bedrooms, 1.5 Baths, 2,465 Sq. Ft. www.tourfactory.com/

11038 Essen Court Indianapolis

$1,005

BLC#21328592

3 Bedrooms, 2.5 Baths, 1,440 Sq. Ft. www.tourfactory.com/1289570

10

$1,050

BLC#21354759

4 Bedrooms, 2 Baths, 1,227 Sq. Ft. www.tourfactory.com/

2543 Saturn Drive Indianapolis

$1,175

BLC#21352979

4 Bedrooms, 2.5 Baths, 2,571 Sq. Ft. www.tourfactory.com/

745 N Routiers Avenue Indianapolis

$1,000

BLC#21347943

3 Bedrooms, 1.5 Baths, 1,100 Sq. Ft. www.tourfactory.com/

$1,250

BLC#21354761

3 Bedrooms, 2.5 Baths, 1,646 Sq. Ft. www.tourfactory.com/

11325 Dunshire Drive Indianapolis

$1,050

BLC#21354835

3 Bedrooms, 2 Baths, 1,120 Sq. Ft. www.tourfactory.com/

10360 Oscelo Court Indianapolis

$975

BLC#21318758

3 Bedrooms, 1.5 Baths, 1,405 Sq. Ft. www.tourfactory.com/1289790

IndyInvestorMagazine.com

$1,100

BLC#21354757

3 Bedrooms, 2 Baths, 1,102 Sq. Ft. www.tourfactory.com/

10506 Moqui Court Indianapolis

$1,030

BLC#21330200

3 Bedrooms, 2 Baths, 1,277 Sq. Ft. www.tourfactory.com/1289745

3001 N Richardt Avenue Indianapolis

$870

BLC#21344351

3 Bedrooms, 1.5 Baths, 1,196 Sq. Ft. www.tourfactory.com/

p Ins

g n i d

n tio ira

n a r B

So ion lut

y

vit i t rea

s

C

s ogo us L n  Me s ds r a  C rd ess Flyers ng Ca s n i s u & er eti  B hures & Gre ann g B b roc We Editin ons  B vitati es  oto n  I agazin  Ph jects ro  M shirts om P t  T  Cus

STAND OUT from the crowd!  Hourly rate $20

(fixed prices available!)

 Fast, Quality Designs  100% Satisfaction Guarantee  20% off referral bonus

Dream • Design • Repeat

(receive 20% off you next job after someone you refer signs up for design services.)

765-592-0215

www.mandalynndesign.wix.com/mandalynndesign

CALLING ALL REAL ESTATE AGENTS! You don’t have time to submit a bid to HUD or don’t know how? You think HUD is a hassle or too much work?

We can help.

Let us do the work for you. We will pay you a 40% Referral Fee and we do all the work.

Contact us as HUD@atlantisrealtygrp.com or 800-276-8940x2 IndyInvestorMagazine.com

11

To lease a property, please fill out this 2-page application. You can either fax your completed application to 1-866-469-4882 or email to leasing@atlantisrealtygrp.com.

Application for Residency Application for Residency

Atlantis Property Management and Leasing Atlantis Realty Group, Inc. and Leasing Atlantis CMS Property Management Atlantis CMS Realty Group, Inc.

Property Applying For

Requested Move-in Date__________

Property Applying For

Requested Move-in Date__________ / /

Name of Applicant (Last, First, MI)

Date of Birth

/_______

SSN #

/

Driver’s Lic. # and State

/

/_______

Name ofPhone Applicant (Last, First, MI) Date of BirthAddress_________________________________________ SSN # Driver’s Lic. # and State Contact Number____________________________________ Email Contact PhoneofNumber____________________________________ Email Address_________________________________________ Five (5) years residency history is required: Five (5) years of residency history is required: Applicant’s Present Address

City

Applicant’s Present Address Name of Present Landlord

City Do You:

Telephone #

Landlord Telephone # Name of Date Present Move-in _____/_____/_____ Move-out Date _____/_____/_____ Move-in Date _____/_____/_____ Move-out Date _____/_____/_____

State

Rent (Check One) Do You: Rent Monthly Rent $ (Check One)

Own Home

Parent’s Home

Monthly Rent $ Zip

Applicant’s Previous Address

City

State

Zip

Rent

Own Home

Student Housing

Parent’s Home

(Check One) Did You:

Rent

Own Home

Student Housing

Parent’s Home

Monthly Rent $ _______

Move-in Date _____/_____/_____ Move-out Date _____/_____/_____

Monthly Rent $ _______

B

D

A

(Check One)

Applicant’s Previous Address

City

State

Zip

Applicant’s Previous Address

City

State

Zip

Name of Date Previous Landlord Telephone # Move-out Date _____/_____/_____ Move-in _____/_____/_____

Did You: Rent (Check One) Did You: Rent Monthly (Check One)Rent $

Move-in Date _____/_____/_____ Move-out Date _____/_____/_____

Monthly Rent $

_

Own Home

Student Housing

Parent’s Home

Own Home

Student Housing

Parent’s Home

P

It s

o b m li

List all other persons to occupy the apartment List all other persons to occupy the apartment Vehicular Information: Make Vehicular Information: Make

B

H

Did You:

Name of Date Previous Landlord Telephone # Move-out Date _____/_____/_____ Move-in _____/_____/_____

Telephone #

O

W State

Name of Previous Landlord

Student Housing

N O T

______ Parent’s Home

City Telephone #

______

State Student Housing Zip Own Home

Applicant’s Previous Address Name of Previous Landlord

Zip

N O T

Model

Year

Tag #

Model

Year

Tag #

In Case of Emergency, Notify (Name)

Address

Telephone #

In Emergency, Notify (Name) At Case leastof 3 years of employment is required:

Address

Telephone #

I a o fu in o h

At least 3 years of employment is required: Name of Applicant’s Employer Occupation Name of Applicant’s Employer Telephone # Occupation Telephone #

12

Address Monthly Gross Salary $ Address Monthly Gross Salary $

Start Date Start Date

IndyInvestorMagazine.com Page 1 of 2 Page 1 of 2

City City

End Date End Date

State

Zip

State

Zip

A

me

me

me

me

Application for Residency Cont’d Name of Applicant’s Previous Employer Address Occupation Monthly Gross Salary $ Telephone # Contact

Start Date

Name of Applicant’s Previous Employer Address Occupation Monthly Gross Salary $ Telephone # Contact

Start Date

City

State Zip End Date_______________

City

State Zip End Date_______________

Other Sources of Income Bank Name

Checking

Savings

Checking

Savings

Account #

Bank Name

Account #

Do You have Pets? Please specify Animal Type and Breed for each pet.

Why are you leaving your current address?

Have you ever been convicted of a criminal offense? (check)

Any Litigations? (check)

Law Suits

Judgments

Yes

Bankruptcies

If yes, give details

No

Foreclosures

Evictions

If yes, give details

________________________________________________________________________________________________________________________________________________

PLEASE READ ALL TERMS BELOW AND SIGN:

It is understood that the premises are to be used as a residence to be occupied by not more than__ persons and that occupancy is subject to possession being delivered by present occupant. A non-refundable application fee in the sum of $ received on / / has been deposited with Landlord, with the clear understanding that this application, including each prospective occupant, is subject to approval and acceptance by Landlord at its sole discretion. The amount equal to one month’s rent of $___________ has been received on ____/_____/ ______. Upon approval of this application this money will be deposited. If the application is rejected then the money will be returned in full. However after approval if the applicant decides not to rent the residence the total amount may be forfeited as liquidated damages.

I ________________________________________hereby authorize Landlord to obtain information it deems desirable in the processing of my application, including; credit reports, civil or criminal actions, rental history, employment/salary details, police and vehicle records, and any other relevant information; and releases landlord, its employees and agents from all liability for any damage whatsoever incurred in furnishing or obtaining such information. The application fee shall be retained by the Landlord as the agreed compensation for credit investigation, processing and verification of the application. The applicant hereby waives any claim for damages by reason of non-acceptance of this application which the Landlord or it’s agent may reject without stating reasons for so doing. It is further agreed that if any information herein is false, the lease made on the strength of this application may, at the option of the Landlord, be terminated at any time.

Atlantis requires that you certify your application by submitting an electronic signature. To certify your application, read the text above and provide an electronic signature (type your name). I certify that all the information in my application is accurate and true.

Date:

Applicant’s Electronic Signature: (Type your full name here)

IndyInvestorMagazine.com Page 2 of 2

13

Lunch & Learn - HUD Sales Training: “Successfully Selling HUD Homes in Indiana”

June 17 | 11:30am-2pm

& at 6935 Lake Plaza Drive Indianapolis

With the release of M&M III, there are many changes to HUD’s residential real estate program. For those that have sold HUD before they may notice many changes and for those considering HUD, now is the time to learn.The Successfully Selling HUD Homes class presents the dynamics of M&M III, the new bidding site and bidding periods and ultimately addresses everything from marketing to contract to close. HUD homes are becoming the predominant REO in the market and understanding the NEW process is the key to REO success now and into the future.

This class has been developed by PEMCO, Ltd. who is contracted by HUD to manage the sale of all HUD-owned properties. Classes are taught by either a PEMCO Employee or a trained contractor.

In addition to learning general information about HUD, its properties, and the HUD Sales Process, attendees will learn: • Who can buy HUD properties • How to market, advertise, and show HUD Homes • How to register with HUD • How to write a HUD Sales contract • How to navigate the HUD listing site • How “priority bidding” works • And Much More No cl

How Our Process is Different

Client applies for financing and will get a preapproval whether they have a house picked out or not

(317)564-4906

Client “thin” file is submitted to underwriting and is qualified based on credit and income.

Final conditions will include satisfactory appraisal and title work.

While submitted, appraisal, title, inspections and processing verifications are completed.

Buyers and agent are informed of final underwriting conditions.

Final conditions are submitted and 24 hours later file is CLEAR TO CLOSE!

Final HUD prepared and closing takes place the next day.

Weekend and Evening Realtor Support!

We are your team! – Over 20 years of experience in both loans and customer service.

Imagine never having to call your loan officer to see where you are in the process –

NOBODY IS FASTER THEN GVC

Carla Jackson 317-796-3989

14

Happier clients – More Closings More Referrals

www.gvcmortgage-carmel.com

Yvette Wright 317-339-9339

IndyInvestorMagazine.com

Successfully Selling HUD Homes in Indiana

By Lisamarie Schmidt, Atlantis Realty Group, Inc. From 11am-1pm

Lisamarie Schmidt

HUD/Buyer Outreach Training June 19, 2015 • 11am-3:00pm at Moon Dog Tavern 4825 E. 96th Street Indianapolis, IN

Lunch served from 12pm-1pm

Financing HUD Homes

By Michael Kerkhof From 1:30pm-3:30pm

Michael Kerkhof

Receive 4 Hours of CE Credit and Lunch for FREE! Provide your License number for your certificate of completion.

For ttendees, please bring your business card as well as your license.

Questions? Please contact: Michael Kerkhof (317) 371-5079

Please RSVP. Seats are limited.

We look forward to seeing you!

No cl

Decorating begins at the dinner table Dinnerware designer Elad Yifrach recommends pairing different colors and styles of plates to add to the drama of dining.

Yifrach is the founder of L’Objet, a line of dinnerware and accessories sold by high-end retailers such as Saks Fifth Avenue and Bergdorf Goodman.

He recommends starting with a clean canvass of white high quality porcelain or gold or silver.

Yifrach says the first layer is the foundation on which you build.

He shows a gold charger topped with an swirled emerald green fruit plate where he serves a slice of orange cantaloupe.

As accents, metallics can work with touches of black, brown, green or jewel tones. Blue, he notes, is a timeless color but he thinks purple and yellow take away the color of the food.

Colorful dessert, plates, appetizer plates and soup bowls when placed on white dishes give the table a festive look.

IndyInvestorMagazine.com

15

6320 Rucker Road • Indianapolis, IN 46220 P: 317-446-0152 • F: 317-466-9752 • www.jsruizrealty.com

3422 W 700 N Anderson

5225 Fenmore Road Indianapolis

Charming ranch home w/ open floor plan! 3BR, 1.5BA home w/ 2-car garage. Completely renovated w/ an updated KT w/ stainless steel appliances. New gas gurnace & AC, New water heater. Large fenced backyard & storage shed.

BLC# 21346982 $131,700

2 Bedroom Ranch Styled Home Currently Available For Sale.

Property Sits On Three Quarters Of An Acre Of Land. The Home Has A 3 Car Attached Garage.

Wood Burning Fireplace In The Living Room. Interior Needs TLC.

Great little starter home or investment property available on Indy’s southeast side. Property has 3 bedrooms with 1 full bath.

Living room, dining room, and kitchen. Large 2 car detached garage. Fenced rear yard.

BLC# 21345488

BLC# 21338041

$55,000

4044 Eastern Avenue Indianapolis

6064 Bettcher Avenue Indianapolis

Don’t miss out on being the owner of this beautiful 3BR, 1.5BA ranch located in Washington Township! This would be great for a first time home buyer or to add to your investment portfolio. This home has a lot to offer and is a must see!

BLC# 21330399 $87,000

921 N Franklin Road Indianapolis

Wonderfully built & well maintained Cape Cod with 2300 square feet including partially finished basement. Spacious yard with mature trees. Curb appeal & charm inside and out with many original details still featured in home.

Plenty of storage in basement and in the 2 car over sized garage.

BLC# 21339364

$99,900

3714 Adams Street Indianapolis

2 Bedroom, 1 Baths BLC# 21347230 $23,000

16

314 Bernard Avenue Indianapolis

5615 Beechwood Avenue Indianapolis

$67,500

3114 N Arlington Avenue Indianapolis

$19,900

1949 N Colorado Avenue Indianapolis

Cozy 2 bedroom 1 bath bungalow with full basement currently available. Great opportunity for a starter home or income property.

Rear yard is fenced. Property has a detached garage. Home needs TLC. Within walking distance to Forest Manor park.

BLC# 21337797 $27,200

2922 Highland Place Indianapolis

6435 Horizon Court Indianapolis

9230 Aintree Drive Indianapolis

Come take a look at this Bi-Level home in Washington Twp. Property is on a cul de sac with a nice sized rear yard. 3 bedrooms on the main level, 2 with hardwood floors.

Lower level has family room with built-in bar and half bath. Lots of potential.

BLC# 21334431

BLC# 21342861

BLC# 21330582

2 Bedroom, 1 Baths BLC# 21306255 $30,100

BLC# 21315481

Cute 3 bedroom bungalow available on Indy’s eastside.

Interior has laminate wood flooring with natural hardwoods in each bedroom. The home as an attached garage, enclosed rear porch/sunroom, and detached garage.

BLC# 21340305 $32,400

3 Bedroom, 2 Bath Home On Indy’s Northwest Side. Property Has Hardwood Flooring, WoodBurning Fireplace In Living Room. Formal Dining Room With Built-Ins. Spacious Second Story Bedrooms. Both Baths Have Jetted Tubs. Full Basement.

2206 Groff Avenue Indianapolis

This 824 square foot single family home has 2 bedrooms and 1 bathrooms.

Cute 2BR, 1BA bungalow. Interior has hardwood flooring throughout and a bay window in the living room. Basement is mostly finished which adds additional living space. With a little TLC and an enthusiastic owner, this property will be a real gem.

BLC# 21339817 $19,000

Cute 2 bedroom bungalow with enclosed front porch. Just south of the Butler-Tarkington area.

Property has a full basement.

Needs a little TLC. Lots of potential here.

$24,000

1153 N Tremont Street Indianapolis

$35,000

7331 Twin Beech Drive Indianapolis

3 Bedroom, 1 Baths BLC# 21288144 $89,500

$75,000

2033 Hartford Avenue Indianapolis

4 Bedroom, 2 Baths BLC# 21339049 $78,000

Jenni Ruiz || jenni@ruizrealty.net

Take a look at this cozy 3 bedroom 2 bath attached home. Property has a private entry with 2 car attached garage. Nice wood deck in the rear. Living room and dining combo has fireplace and skylights.

The master bedroom has a private bath with separate tub and shower.

Nice, quite street. This property is waiting for a great owner.

BLC# 21335135 $120,000

337 N Elder Indianapolis

3 Bedroom, 2 Baths BLC# 21304530 $41,900

6320 Rucker Road • Indianapolis, IN 46220 P: 317-446-0152 • F: 317-466-9752 • www.jsruizrealty.com

1520 N Grant Avenue Indianapolis

9203 Crossing Drive Fishers

3BR, 1.5BA Ranch. Fresh Refrigerator, Dishwasher, Microwave, Flooring And Counter Tops. Freshly Painted Throughout. Home Has Private Patio And A Beautiful Wooden Deck With Built In Seating. Large Fenced Back Yard.

BLC# 21354992 $139,900

303 Shelby Avenue Edinburgh

2 Bedroom Bungalow Currently Available Near Irwin Park.

Property Has A Large Covered Front Porch. Wood Paneling In The Living Room. Nice Built-Ins In The Kitchen. Needs Tlc And A Great Owner.

BLC# 21348646 $29,900

2 Bedroom, 1 Bath Home. This Would Be Great For A First Time Home Buyer Or To Add To Your Investment Portfolio. The Interior Features A Nice Size Living Room And A Nice Front Comfortable Porch. This Home Has A Lot Of Character & Look At The Price!!

BLC# 21341283 $36,900

10234 Heather Hills Road Indianapolis

509 E 8th Street Anderson

TLC needed but this home could be a GREAT family home or investment property. Currently zoned B-1. Building was used as an office. Rooms/lots and dimensions have not been verified nor deemed reliable. Property sold “AS-IS” BLC# 21354488 $40,000

11528 E 75th Street Indianapolis

LR Has Stone Fireplace, Vaulted Ceiling, And Wood Flooring.

There Are 3BR, A Loft, And 2BA. Open Floor Plan. Walkout Lower Level. Both The Main Floor And Upper Level Have Rear Wood Decks. Nice Home Waiting For A Great Owner.

BLC# 21353422 $98,900

Come take a look at this large two story home on Indy’s eastside.

Plenty of living space. Large back yard with wood deck. Close to everything.

BLC# 21322503

$100,000

342 N Elder Avenue Indianapolis

4635 N Sadlier Drive Lawrence

2 Story Family Home Currently Available In Lawrence Twp. Property Has Open Floor Plan With 3 Large 2nd Story Bedrooms. Fenced Rear Yard Is Big Enough For The Children Or Your Four-Legged Best Friend To Run About.

BLC# 21351765 $37,100

4522 Brittany Road Indianapolis

3 Bedroom Ranch Available In Eagledale. Property Has Vinyl Exterior That’s Easy To Maintain. Large 2 Car Detached Garage And Fenced Rear Yard. Living Room Has Large Picture Window And A Brick And Stone Fireplace.

BLC# 21348809 $36,000

Don’t miss out on being the owner of this 4 bedroom, 1 bath home located close to downtown Indy.

This would be great for a first time home buyer or to add to your investment portfolio.

BLC# 21285940 $41,050

1210 Chester Street Anderson

1821 Beeler Avenue Indianapolis

3BR Bungalow Available In Quiet Speedway Neighborhood.

Property Has Vinyl Exterior,1 Car Detached Garage, And Fenced Rear Yard With Additional Parking. Nice Corner Lot. Would Make A Nice Starter Home Or Investment Property.

BLC# 21349297 $93,000

7807 W Shelby SR 44 Franklin

Looking for a 1 acre lot in Shelby County? Search no more.

This 3 bedroom 1 bath home may be what you’re looking for.

The property needs some work but has potential. You’ll enjoy the country setting.

BLC# 21352712 $59,900

Jenni Ruiz || jenni@ruizrealty.net

Cozy 3 Bedroom 1 Bath Bungalow Currently Available. Property Sits On A Nice Lot With A Detached Garage. It Wont Take Much To Make This Property A Real Cutie.

Great Starter Home Or Investment Property. Lots Of Potential.

BLC# 21342787

$35,000

17

?

?? ? ? ? ? ? ?

: n o i t s e Qu

Answer:

After a foreclosure, can we still get a new mortgage?

Ask the Editor

Your question isn’t all that uncommon. More than five million American families lost their homes to foreclosure between 2007 and end of 2014.

Before the housing bust, you say you had a good job, nice home and good credit. Then your employer downsized, you were out of work and you Lisamarie lost your home to foreclosure in 2008. About 910,000 Americans had the Schmidt similar experiences in 2007 and 2008.

This year, you have a near-clean credit report and wonder if you can quality for a new mortgage.

The life of a credit report Foreclosures and other negative events stay on credit reports for up to seven years.

In your case, 2015 is the seventh year, so your credit should be greatly improved.

According to Fair Isaac, which calculates credit scores, about 645,000 foreclosures will be removed from credit reports by the end of 2015.

As the seven-year period ends, more borrowers will quality for new mortgages, but not all lenders will welcome them.

Some banks were hit hard by mortgage-related penalties related to foreclosures and have excluded foreclosed-on borrowers.

Though one in four FHA borrowers had a foreclosure or bankruptcy in the last seven years, the FHA is now approving some of them for new mortgages.

Applicants who have late payments or delinquent auto loans and credit-card payments won’t be approved.

You can get a loan in 2015 Though you will want to shop around for the best rates and terms, you should e able to land a mortgage in 2015 or 2016. If you really want a another home, it’s worth the trouble.

18

IndyInvestorMagazine.com

Financing a Fixer-Upper?

Purchase and Rehab All in One FHA Loan!

You just love the house. Except for the leaky pipes. Or maybe the kitchen is too small. For the house that’s almost perfect, we have the perfect solution: Our Renovation Mortgage, a mortgage and home improvement loan all in one.

■ Purchase or refinance ■ Remodel the kitchen or bath ■ Renovate or add a room ■ Paint the house or add siding ■ Add a porch, deck or patio ■ Replace a leaky roof ■ Put in new flooring, carpeting or tiling ■ Update electrical wiring, plumbing or heating systems ■ Conserve energy with new windows ■ Plus much more!

This program offers the unique features that make FHA loans excellent financing solutions in today’s market:

■ Purchase or refinance ■ 1-4 unit properties (owner-occupied only) ■ FHA down payment (3.5%*) ■ Flexible credit qualifying ■ Assumable loans *For example, a $200,000 FHA loan with 3.5% down, 5.000% interest rate, 5.616% APR, and 0 points would require monthly payments of $1,074.00 for 30 years.Taxes and insurance are extra. Information is subject to change without notice.

Restrictions apply, ask for details.

Chris Moore Renovation Sales Manager Prospect Mortgage NMLS# 418893 600 E. Carmel Dr., Ste. 122 & 123, Carmel, IN 46033 Office: (317) 847-4738 | Cell: (317) 847-4738 Fax: (877) 536-9262 chris.moore@prospectmtg.com

Visit My Website!

• Learn about home loans • Use loan calculators • Apply for a home loan

HomePath is a registered trademark of Fannie Mae.

Loan inquiries and applications in states where I am not licensed will be referred to a Loan Officer who is licensed in the property state. Equal Housing Lender. Prospect Mortgage is located at 15301 Ventura Blvd., Suite D300, Sherman Oaks, CA 91403. Prospect Mortgage, LLC (Unique Identifier #3296) is a Delaware limited liability company licensed by the Department of Corporations under the California Residential Mortgage Lending Act and operates with the following licenses: AK Mortgage Lender/Broker License #AK3296; AZ Mortgage Banker License #BK0903027; To check the license status of your CO mortgage broker, visit www.dora.state.co.us/ real-estate/index.htm; GA Residential Mortgage License #16984; IL Residential Mortgage Licensee #6424; MA Mortgage Lender/Broker License #MC3296; MS Licensed Mortgage Co.; MT Residential Mortgage Lender Licensee #120; NV Division of Mortgage Lending Mortgage Banker #1173 and Mortgage Broker #3095; Licensed by the NH Banking Dept.; Licensed Banker-NJ Dept. of Banking and Insurance #9932414; Operates as Prospect Lending, LLC in NY (Licensed Mortgage Banker - New York State Department of Banking); OR Mortgage Lender Licensee #ML-2006; PA Dept. of Banking license #22122; RI Licensed Lender #20021343LL, Broker #20041643LB; licensed by the VA State Corp.

Commission as MC-2195. This is not an offer for extension of credit or a commitment to lend. All loans must satisfy company underwriting guidelines. Information and pricing are subject to change at any time and without notice. This is not an offer to enter into a rate lock agreement under MN law, or any other applicable law.

IndyInvestorMagazine.com

19

317-842-3400 FEATURES

14869 Rosebud Drive Noblesville

This beautiful 4BR 2.5BA in the nice neighborhood of Sommerwood, top rated schools, and Hospitals just around the corner. This home perfect for busy families that want to be close to everything.

Over 2000 sqft, large deck - perfect for entertaining or just relaxing! New paint all through the home, new carpet and new range! $214,900

9051 W SR 47 Thorntown

This Is A Ranch Style Home 5BR, 3BA With Over 2100 Sq Ft. Great Location Halfway Between Lafayette And Indianapolis. $131,250

6239 Old Barn Street Indianapolis

3BR, 2BA, ranch home. The breakfast room has amazing windows all around.

The MBA has an awesome garden tub and a separate shower. $125,000

20

11213 Schoolhouse Rd. Fishers

You Will Love This Open, Spacious Home.

The Main Level Consists Of The Office, Half Bath, Dining Area, Kitchen, Living Room, And Breakfast Room. There Is Plenty Of Space To Entertain! The Loft Adds For Additional Space On The 2nd Level. The Kitchen Is Awesome. See This Home Today Before It’s Gone! $164,900

2912 S Hoyt Avenue Muncie

Beautiful Hardwood Floors Need To Be Refinished And This Home Has Over 3500 Sq Ft Of Space. Great Architecture In This Home Built In 1900. $42,000

13389 Kimberlite Drive Fishers

Move in ready, this home is a 3 bedroom 2 bath with 1646 sq ft of living space and a 2 car garage. Nice family neighborhood to live in with sidewalks. $164,900

2842 Jeremy Court Carmel

This Home Has Been Updated With New Paint, Brand New Carpet. This Is A 4BR 4.5BA With A 3 Car Garage On A Quite Cul De Sac. Great Attention To Detail It Starts In The 2 Story Foyer, Sunken Living Room With Fireplace And Marble Surround.

The Office/Library Is Paneled In Wood.

The Kitchen Has All The Details With The Wood Cabinets And Granite Counters With A Breakfast Room. $464,900

2337 Ohio Avenue Connersville

This 2BR 1BA with just over 700 sq ft of space and a huge 2 car detached garage that would be great as a workshop. Needs some TLC. $20,000

854 S CR 350 • Connersville

Cute 3BR 1BA Ranch Style Home.

Partially Finished Basement Has A Fireplace And Walk Out. You Can Call This Your Own! $50,400

14416 Chapelwood Lane Fishers Great home in Geist Overlook in Fishers. 3 bedroom 2.5 bath two story home with plenty of room to spread out with over 2000 sq ft of space.

Close to everything great schools, shopping and restaurants. Easy access to I69. $229,000

1001 E Hanson Drive Connersville

This Home Has 3BR 2BA And Over 2000 Sq Ft Of Space To Spread Out In. This One Is Waiting For A Family To Call It Home.

Don’t Wait On This One. $95,000

203 Pennsylvania Street Shirley

3BR 1.5BA. Large open kitchen with center island - plenty of space to update and have the kitchen of your dreams! $21,000

9800 WESTPOINT DRIVE, SUITE 220 • INDIANAPOLIS • 317-842-3400

317-842-3400

3206 Elmhurst Drive Indianapolis

3BR 1 1/2BA ranch home sits on a large wooded lot with mature trees.

The interior features an open floor plan with over 1400 sq ft. $55,000

9510 Tower Lane Indianapolis

Great 3 bedroom 2 bath ranch home on dead end street. Enjoy the private fence yard with a large deck for entertaining. Don’t wait on this on it won’t last long at this price. $65,000

673 Pleasant Street Noblesville

This is 2 bedroom 1.5 bath home built in 1880. This is a chance to finish up where someone left off, put your special touches on this home and don’t let this one slip away. $31,200

8175 S Cricket Lane Pendleton

3 bedroom 2 bath with over 1200 sq ft of space for you to spread out in. Perfect for a first time home buyer or someone that wants to downsize. $131,700

1936 W 74th Street Indianapolis

This Newly Painted And Carpeted 4 Bedroom 2.5 Bath Home Has More Than 2,000 Square Feet Of Living Space. This Is A Quiet Neighborhood on the west side of Indianapolis. $134,900

12144 Maize Drive Noblesville

2 story 3BR 2.5BA home in Marilyn Ridge.

Open living area into the large eat in kitchen. Over 1900 sq ft and an attached 2 car garage has plenty of space for 2 cars.

Very bright with lots of windows that lets the sun stream in. $135,000

306 S Main Street North Salem

3 Bedrooms And 2 Full Baths. Great Room Has A Gas Fireplace And Tray Ceiling.

Kitchen Has Wood Cabinets, Good Size Pantry And Ceramic Tile Floor. $150,000

8824 Skippers Way #WA Indianapolis

This 4 Bedroom 2.5 Bath Colonial With Over 2300 Sq Ft Of Living Space Is Plenty Of Room For The Entire Family To Have Their Own Space. New Paint And Carpet Throughout! $196,900

420 Christian Avenue Noblesville

This 1178 square foot single family home has 3 bedrooms and 1.0 bathrooms. IThis home is in the Noblesvill School District. $22,000

5536 E 700 Peru

3BR, 2BA home sits on 2.17 acres.

Enjoy the pond view from the rear deck, master bath garden tub, and the fireplace in the living room. The KT has plenty of natural light. $48,000

5620 Glencoe Street Indianapolis

Cute 4 Bedroom 1.5 Bath In Lawrence Township. Single Family Ranch Style In Need Of Some Personal Touches. This Will Be A Nice Place To Settle Down In. $31,000

7635 E 51st Street Indianapolis

3BR 1.5BA W/Basement W/ An Additional KT, Full BA And A Couple Of Extra Rooms.

This Is Great For A In Law Suite. The 2 Car Detached Garage Has Room For A Workshop And All Your Toys. $84,000

WWW.WILMOTHGROUP.COM

24 N Ewing Street Indianapolis

Charming 3BR 2BA home in a Historic Neighborhood of Indianapolis. Built in 1910 lots of character and charm leaded windows, shade trees line the sidewalks and street. $39,950

1225 Roosevelt Drive Noblesville

3 Bedrooms, Living Room, Added Family Room With A Cozy Fireplace, And A 2 Car Detached Garage. The Rear Lawn Has A Privacy Fence With A Nice Sized Lawn.

This is a great find! $84,900

3425 Berkeley Road Anderson

4BR, 2.5BA, And A 2 Car Attached Garage Are Just A Few Of The Many Features This Home Has To Offer. Nice, Paver Walkway Leading To The Patio And The Spacious Lawn. The BR Are Also Large. $84,800

9518 Tower Lane Indianapolis

4 Bedroom, 3 Bath Bi-Level Home With Attached Garage. Updated Kitchen With Newer Cabinets. Quiest Neighborhood With Sidewalks And Mature Trees. Great Deck Off Back Yard. $81,000

21

Making a House Your Dream Home with Renovation Loans!

With the number of short sales and foreclosures on the market, many in need of repair or upgrades, renovation loans may give you the perfect opportunity to own the home you’ve always wanted. Renovation loans allow you to shop for and purchase a home in your desired buying area and in your price range, but that may need a new roof, upgraded bathroom ,new kitchen, windows, etc. Renovation loans can help you get a great deal, and make a good house GREAT! Unlike many lenders, Prospect offers a full line of renovation mortgages. Here are a few basics to help you understand the difference.

FHA 203k (Consultant)

FHA 203k (Streamline)

Fannie Mae Homepath®

Fannie Mae Homestyle®

Loan Type

Purchase or refinance

Purchase only

Property Type

Purchase and renovate most residential properties

Purchase and renovate a Homepath designated Fannie Mae-owned property

1-4 Unit Primary Resident 1 Unit Second Home 2-4 Unit Investment Properties 1 Unit Investment Property Minimum Down Payment

Gift Funds

√

Purchase or refinance Purchase and renovate most residential properties

®

√

Fannie Mae Hompath® (Streamline)

√

√

√

√

√

√

√

√

√ √

3.5%

20% for 2 - 4 unit primary and 1 - unit investment

Can be used for 3% down payment for owner-occupied, primary residence

Can be used for down payment for owner-occupied, primary residence

3.5%

Permitted per HUD guidelines

Mortgage Amount

3% for primary residence 1 - unit property 15% for 1 - unit property (second home or investment) 25% for 2 - 4 unit primary or investment

20% for 1 - unit primary and second homes

Based on “as completed” appraisal value or total acquisition (sales price + renovation costs) (lower of the two)

Mortgage Insurance (MI) Required

√

√

Maximum Renovation Amounts

No maximum as long as mortgage amounts are within county guidelines for FHA loans

Up to $35,000

Up to 35% of the as completed value, no more than $35,000

Allowable Repairs

From structural changes to landscaping, new appliances and more

From flooring to painting, remodeling kitchen/bath, appliances and more.

No major remodeling structural repairs or landscaping

From flooring to painting, remodeling kitchen/bath, appliances and more.

50% of the as completed value

50% of the as completed value, up to $35,000

From structural changes to landscaping, new appliances, swimming pools, and more

Prospect customers benefit tremendously from our internal Draw Department. We are able to disburse initial draws (payments for renovation work) within 12-14 business days from closing. This quick disbursement time allows us to provide funding for work to begin more quickly than other lenders who do not manage the draw process. As a result, you’ll have the peace of mind you need, knowing that our Draw Department is providing world-class service every step of the way.

I am a certified Renovation Lending Specialist and can answer all your questions about this exciting loan program, and work with you to get prequalified. Contact me today!

Chris Moore Renovation Sales Manager Prospect Mortgage NMLS# 418893 600 E. Carmel Dr., Ste. 122 & 123, Carmel, IN 46033 Office: (317) 847-4738 | Cell: (317) 847-4738 Fax: (877) 536-9262 chris.moore@prospectmtg.com

Visit My Website!

• Learn about home loans • Use loan calculators • Apply for a home loan

HomePath is a registered trademark of Fannie Mae.

Loan inquiries and applications in states where I am not licensed will be referred to a Loan Officer who is licensed in the property state. Equal Housing Lender. Prospect Mortgage is located at 15301 Ventura Blvd., Suite D300, Sherman Oaks, CA 91403. Prospect Mortgage, LLC (Unique Identifier #3296) is a Delaware limited liability company licensed by the Department of Corporations under the California Residential Mortgage Lending Act and operates with the following licenses: AK Mortgage Lender/Broker License #AK3296; AZ Mortgage Banker License #BK0903027;To check the license status of your CO mortgage broker, visit www.dora.state.co.us/real-estate/index.htm; GA Residential Mortgage License #16984; IL Residential Mortgage Licensee #6424; MA Mortgage Lender/Broker License #MC3296; MS Licensed Mortgage Co.; MT Residential Mortgage Lender Licensee #120; NV Division of Mortgage Lending Mortgage Banker #1173 and Mortgage Broker #3095; Licensed by the NH Banking Dept.; Licensed Banker-NJ Dept. of Banking and Insurance #9932414; Operates as Prospect Lending, LLC in NY (Licensed Mortgage Banker - New York State Department of Banking); OR Mortgage Lender Licensee #ML-2006; PA Dept. of Banking license #22122; RI Licensed Lender #20021343LL, Broker #20041643LB; licensed by the VA State Corp. Commission as MC-2195.This is not an offer for extension of credit or a commitment to lend. All loans must satisfy company underwriting guidelines. Information and pricing are subject to change at any time and without notice. This is not an offer to enter into a rate lock agreement under MN law, or any other applicable law.

22

IndyInvestorMagazine.com

Learn the in’s and out’s of how to bid & buy with the new HUD process.

NEW for M&M 3

Classes are held every month.

Call for Dates and Times.

“Successfully Selling HUD Homes in Indiana” Course Information: With the new introduction of M&M III, there are many changes to HUD’s residential real estate program. For those that have sold HUD before they may notice many changes and for those considering HUD, now is the time

Please RSVP

by replying to this email or Contact person: 800-276-8940 ext 2 Email: HUD@atlantisrealtygrp.com Instructor

Lisamarie Schmidt

to learn. The successfully selling HUD homes class presents the dynamics of M&M III, the new bidding site and bidding periods and ultimately address everything from marketing to contract to close. HUD homes are becoming the predominant REO in the market and understanding the New process is key to REO success now and into the future.

This class has been developed by PEMCO, Ltd, who is contracted by HUD to manage the sales of all HUD-owned properties. www.HUDPemco.com Highlights • Who can buy HUD properties

• How to register with HUD

• How to navigate the HUD listing site

• How “Priority bidding” works

• How to write a HUD sales contract

• And much More....

www.HUDHomestore.com Atlantis Realty Group Inc 6750 N Andrews Ave, Suite 2046 Fort Lauderdale, FL 33309 Phone: 800-276-8940x2 Fax: 866-469-4882 E-mail: HUD@atlantisrealtygrp.com www.AtlantisRealtyGroup.com

IndyInvestorMagazine.com

23

Chris Schlosser

317.523.3037 chris@cmsrealestate.net www.cmsrealestate.net

15543 Sandlands Circle Noblesville

3398 N 50 E Greenfield

7499 W San Marco Drive Fortville

6716 E Old SR 252 Morgantown

4 Bedrooms, 2 Baths BLC# 21349065 $139,900

3 Bedrooms, 1.5 Baths BLC# 21353849 $122,000

3 Bedrooms, 1 Baths BLC# 21351423 $50,000

1 Bedrooms, 1 Baths BLC# 21340830 $56,900

302 Grovewood Drive Indianapolis

209 High Street Crawfordsville

4621 N Hartman Drive Lawrence

8751 Jaffa Court E Dr. #24 Indianapolis

3 Bedrooms, 1 Baths BLC# 21346229 $54,900

3 Bedrooms, 2 Baths BLC# 21316694 $79,900

3 Bedrooms, 1 Baths BLC# 21345090 $50,000

2 Bedrooms, 2 Baths BLC# 21338113 $162,900

1930 N Bolton Avenue Indianapolis

9115 Breen Court Indianapolis

4049 W 800 N Fairland

8650 Jaffa Court W Dr. #25 Indianapolis

3 Bedrooms, 1 Baths BLC# 21346118 $44,900

3 Bedrooms, 2 Baths BLC# 21347137 $34,900

5 Bedrooms, 3.5 Baths BLC# 21344667 $364,900

2 Bedrooms, 2 Baths BLC# 21338107 $162,900

6053 Witt Drive Greenwood

8225 N Pennsylvania Street Indianapolis

5123 Barbour Court Indianapolis

1811 King Avenue Indianapolis

Move-in ready completely updated ranch w/ 3BR & 2BA. Updated KT cabinets, corian countertops, stainless appliances & tile floors. Updated baths w/ tile floors. Home has updated doors, energy efficient gas filled low-E windows, faucets, lights, fans, wood trim work, garage door opener. Half acre lot w/ no HOA for hanging out w/ family & friends.

BLC# 21341487 $130,000

4BR 3.5BA home. Great room has vaulted ceilings, wood fireplace & a bar. KT has newer cabinets, granite counters & stainless appliances. Sunroom has heated tile overlooking back yard. Formal DR w/ new fixtures & hardwoods. This home sits on over an acre lot with a full deck ready for summer activities.

BLC# 21343939

$425,900

3 Bedrooms, 2 Baths BLC# 21354996 $65,000

2 Bedrooms, 1.5 Baths BLC# 21349295 $19,900

1157 W 32nd Street Indianapolis

4222 E 16th Street Indianapolis

3 Bedrooms, 2.5 Baths BLC# 21351413 $37,050

3 Bedrooms, 1 Baths BLC# 21354400 $18,000

24 6801 Lake Plaza Drive, Suite 112A • Indianapolis, IN 46220 • P: 317.578.3827 • F: 317.577.4484

June one of the most important months in real estate

thanks to warm weather, more listings & pent-up interest.

r

Buyers and sellers know this month is one of the best times to jump into the market, which has more buyers and more homes on the market than last year. Sales of existing homes took a welcome jump in March 2015, up 6.1 percent, the highest monthly increase since December 2010.

Homes were selling for 7.8 percent more than they were in at the same time last year — Good news for home sellers. Even though there were more buyers in March, more houses came onto the market, too. That’s good news for home buyers who have more choices. The market is right and the time is right for families to buy.

A new house in June means the kids will be settled into the new home by the time school starts in August.

Many buyers will be looking to upgrade their living standards. Some popular options: ° A kitchen that’s big enough to serve as a family room. Open concept sightlines from kitchen to family room are still popular. ° New kitchen appliances. ° A garage for two cars. ° Another bathroom. The 2nd or 3rd bathroom they need, one with a tub or with fancy, tiled showers. ° Utility room with areas for an ironing board.

° Plenty of storage space.

° A mud room with shelves for boots, a bench, and a place to hang jackets.

Some of the relatively inexpensive options you can fix up & spruce up: ° Clean in corners and cabinets and around windows.

° New door knobs or a new door.

° Landscape. Trim it up. Mulch. Add a big pot or two of flowers at the entry.

° Update cabinet hardware.

° Paint. No matter what color you like the walls, buyers will like them better in beige or white. Plus, white opens up rooms and makes them look better.

IndyInvestorMagazine.com

25

REAL ESTATE INVESTORS • Rehab ~ Fix and Flip Let us fund your next investment property purchase. We provide investors with short term funding for acquisition, rehab projects and renovations of residential foreclosed properties. Our basic criteria for funding consider is listed below: • Loan to Value Ratio (Purchase) Up to 65% • Interest Rate Usually 10-16% • ARV Funding Available • Term 6 months; 12 months - 2 years • Amortization Interest Only • Loan Safety Mortgage secured by a lien against the Property

• Fees 3 - 6% (TBD) • Loan Purpose Single Family / 1-4 Units, Non Owner Occupied • Loan Preference 1st position (primary) 2nd position (case by case) • Loan Distribution Third Party Escrow / Service Company • Location Indiana, Marion County (Primary) • Cities Indianapolis & Surrounding Cities; Central Indiana

For Additional Information: www.dkdglobalfinancial.com Call 317-809-5177 • Email: td@dkdglobalfinancial.com

26

IndyInvestorMagazine.com

Atlantis itle Services Inc. with

Stay Connected!

Atlantis Title Services, Inc

and

ClosingTracker.com™

Leverage the power of the Internet to stay connected to your closing transactions. With anytime, anywhere access, you can place new orders online, view up-to-the-minute status and view and download closing and title documents.

With Atlantis Title Services, Inc. and ClosingTracker, you can eliminate the routine phone calls and have more time to attract new business.

Stay Connected with Easy Access to Your Escrows

 24x7 Web access

 View current transaction status  Automatic e-mail notification  View, print and share documents  Open new orders  Single location for all parties

Stay Connected and Save Time

 Eliminate phone calls, voice mails and phone tag  Closings stay on schedule  Closing and Title documents available the minute they are ready

Stay Connected and Attract New Business  More time to sell  Attract today's Internet-savvy buyers or sellers  Information when you want it

Call today to learn how you can get connected with Atlantis Title Services and ClosingTracker!

David L. Heller President

E. 96th Blvd.

StreetSuite 118 97758645 Crosspoint Indianapolis, ININ46256 Indianapolis, 46256 Cell (317) 402-0779 Cell - (317) 402-0779 Email – davidh@atlantistitleservices.com Email - davidh@atlantistitleservices.com

IndyInvestorMagazine.com

051006

27

UPDATE ON HUD $100 DOWN PAYMENT! HUD has recently changed the way they market their HUD foreclosed homes. They are trying to upgrade their image and they do not want to their foreclosed homes to be lump in with the other “bank foreclosures”.

You still have to place your bid for a HUD foreclosed home on the Internet and you still have to use a Realtor. So, for the homebuyer that part is pretty much the same as before.

But, the most important thing is they are still going to offer the HUD $100 Down Payment Incentive in most parts of the country!

The normal down payment for FHA Home Loans is 3.5% and for conventional loans the down payment is up to 20%. Most people that want to purchase a home really don’t have a lot of money available for a down payment so they are left out of today’s home market. But everyone should be able to come up with hundred dollars for a down payment.

But this is a government program and there are, of course, some strings attached.You have some requirements in order to take advantage of this $100 down payment program.

The $100 Down Payment Program Has the Following Requirements: 1. HUD Foreclosed Homes Only! This FHA $100 Down Payment Loan is for the purchase of HUD foreclosure homes.

2. Have to use FHA financing.You cannot use conventional financing.

3. This program is for Owner-Occupants only, not for Investors.You have to sign a form at closing stating you are going to live in the property and not use it has an investment such as a rental property.

4.You still need to have the earnest money of $1,000 for properties listed above $50,000 and $500 for properties listed for less than $50,000. Earnest money will be returned to you at closing as a credit on the Closing Statement.

5.You can ask HUD to pay for closing costs up to 3% of purchase price.

If you are going to buy a home in the near future, you need to consider HUD Homes with this HUD Homes $100 Down Payment Program. This program is a national program and the perfect HUD foreclosed home could be in your area.

28

IndyInvestorMagazine.com

How To Purchase a HUD Home

Cómo comprar una Vivienda ¡El proceso para comprar una vivienda puede parecer complicado, pero si toma las cosas paso a paso, pronto tendrá en sus manos las llaves para su propia casa!

Nueve pasos para comprar una vivienda Calcule cúanto puede invertir en una vivienda Conozca sus derechos Busque la mejor hipoteca Aprenda acerca de los programas para compra de vivienda Busque una vivienda Haga una oferta Haga inspeccionar la vivienda Busque un seguro para propietarios de vivienda Firme papeles continued on page 16...

Unlock a Better Way to Sell Your House Atlantis Auction Group

List Your House for $75 on our Online Auction Lic AU10900054

1-800-276-8940 Ext 707

www.AtlantisAuctionGroup.com IndyInvestorMagazine.com

29

How To Purchase a HUD Home

Cómo comprar una Vivienda continued from page 15...

Paso 1: Calcule cuánto puede invertir en una vivienda La cantidad de dinero que usted puede permitirse invertir depende depende de sus ingresos, valoración crediticia, gastos mensuales actuales, la cuota inicial y la tasa de interés. Las calculadoras abajo pueden servirle de ayuda, pero es mejor visitar a un prestamista para averiguar con mayor certeza.

¿Cuánto puede invertir en una vivienda?

Comprar vs. Alquilar Como Prepararse Para Comprar Vivienda ¿Necesita ayuda con su cuota inicial o costos de cierre?

Programas de compra de vivienda locales ¡Un asesor de vivienda le puede ayudar a calcular cómo manejar y pagar sus deudas, y empezar a ahorrar para ese pago inicial! Busque un asesor de vivienda cerca a usted Paso 2: Conozca sus derechos Equidad de Vivienda: Igualdad de Oportunidades para Todos - pamfleto Ley de Procedimientos para Liquidación de Bienes Raíces (RESPA, por sus siglas en inglés) Derechos del prestatario Prestamistas fraudalentos Paso 3: Busque la mejor hipoteca Ahorre dinero preparándose bien. Hable con varios prestamistas, compare costos y tasas de interés, negocie para obtener una mejor oferta. Considere conseguir aprobación previa para un préstamo.

Cómo buscar la mejor hipoteca: averiguar, comparar, negociar - folleto Deje que la FHA le ayude Evite prácticas de préstamo abusivas Paso 4: Aprenda sobre los programas de compra de vivienda Programas de compra de vivienda locales Los programas de préstamo FHA le ofrecen una cuota inicial más baja y son una buena opción para los compradores de casa por primera vez.

Deje que la FHA le ayude Programas de compra de vivienda especiales de HUD Programa del Buen Vecino – para policías, maestros, bomberos, y técnicos de emergencia médica Ventas a descuento para evacuados de huracanes Propiedad de vivienda para residentes de vivienda pública Programa de Garantía de Préstamos Hipotecarios para Comunidades Indígenas (Sección 184) continued on page 17...

30

IndyInvestorMagazine.com

H

How To Purchase a HUD Home

Cómo comprar una Vivienda continued from page 16...

Paso 5: Busque una vivienda Escoja un agente de bienes raíces Lista de expectativas - ¿Qué características desea?

Listsa de verificación de búsqueda de viviendas – lleve esta lista consigo al hacer comparaciones de viviendas Viviendas en venta (incluye viviendas de HUD) Viviendas para refaccionar (“Fixer-Upper”) – programas para compra y reparación de viviendas Viviendas pre-fabricadas (casas móviles) Construya una casa Si escoge una vivienda en un vecindario con una Asociación de Propietarios de Vivienda (HOA, por sus siglas en inglés), asegúrese de solicitar una copia del paquete de HOA de modo que usted pueda revisarlo antes del cierre.

Paso 6: Haga una oferta Discuta el proceso con su agente de bienes raíces. Si el vendedor le hace una contraoferta, tendrá que negociar hasta que ambos concuerden en los términos de la venta.

Hacer una oferta Paso 7: Haga inspeccionar la vivienda Presente su oferta sujeto a condición de una inspección de la vivienda. Una inspección le indicará la condición en que se encuentra la casa y puede ayudarle a evitar comprar una vivienda que necesita reparaciones mayores.

Para su protección, haga inspeccionar la vivienda 10 preguntas para el inspector de vivienda Paso 8: Busque un seguro para propietarios de vivienda Las agencias crediticias requieren que usted tenga un seguro hipotecario. Asegúrese de buscar la mejor oferta.

Seguro hipotecario 12 pasos para reducir el costo de su seguro de hipoteca Paso 9: Firme papeles Por fín está listo para el “cierre”. ¡Asegúrese de leer todo antes de firmar!

Costos de cierre e información importante

Are you upside down on your mortgage?

Do you need to sell your home?

No equity? No Problem!

Atlantis Realty Group

Short Sale Certified Get a FREE Consultation No Obligation 1-800-276-8940x2

IndyInvestorMagazine.com

31

HUD.GOV/HUDHomes

U.S. Department of Housing and Urban Development

Listing and Bidding Procedures Disclosures HUD Homes are sold “As Is” without warranty.

Irregularities in bids: HUD reserves the right to waive any irregularity in any bid, reject any and all offers, and to withdraw a property prior to the bid opening.

Code and Zoning violation: Brokers should advise Purchasers that the properties may contain code and/or zoning violations.

Code and Zoning status must be determined by the Purchaser.

Property Condition: No guarantees and/or warranties made. No repairs will be performed by HUD after closing.

Purchasers are encouraged to have the properties inspected by a qualified home inspection service company to satisfy themselves as to the condition of the property.

Potential Purchasers: Contact a HUD Approved Broker to obtain a copy of the current listings, to visit listed homes or to make an offer.

HUD pays closing cost up to 3% of the purchase price. If inserted on line 5 of the HUD Sales Contract when the electronic bid is submitted.

HUD’s Homeownership incentives: $100 Down - Available to owner occupant buyer who purchase a HUD Home with FHA financing, indicate on Line 4, Lender MCAW form, and buyer still responsible for earnest money deposit.

More information on BUYING A HUD HOME on the HUD website at: http://portal.hud.gov/portal/page/portal/HUD/topics/buying_a_home

Listing Codes IN - Insurable: All properties listed as “INSURABLE” are eligible for FHA financing. All requests for insurance will be under Section 203(b) of the National Housing Act Program. An interest rate will be charged on the loan and is negotiable between the purchaser and lender. The mortgage may include some mortgage insurance payments.

32 32

IndyInvestorMagazine.com IndyInvestorMagazine.com

IE - Insurable with Escrow Repairs: Properties listed as “INSURABLE WITH ESCROW REPAIRS” means that certain repairs (not to exceed $5,000.00) are required to meet Minimum Property Standards for an FHA mortgage. These properties can qualify for FHA 203(b) mortgages if the purchaser and lender establish a repair escrow at the closing for the completion of repairs within 50-days of the closing. This is not a gift from HUD. The sales price remains the same and is added to the mortgage. No repairs prior to closing.

UI - Uninsured: Properties listed as “UNINSURED” means that certain repairs and or improvements are required to be eligible for an FHA 203(k) mortgage. The required repairs on most of these properties exceed $5000.00.

Purchasers of these properties have the option to purchase “as-is” with cash or conventional financing. These properties are also eligible for an FHA 203(k) mortgage if the required repairs end or the improvements are completed within 90-days of the closing.

Listing and Bidding HUD Approved Brokers will show properties, prepare complete contracts and submit bids through internet Electronic Bidding at the HUD Listings website.

New listings are available daily.

During the Exclusive Listing Period, bids may be submitted only by Owner Occupant purchasers, which HUD defines as owner-occupant purchasers, qualified nonprofit organizations and government entities. There will be: • a fifteen (15) day Exclusive Listing Period for Owner Occupant purchasers for properties listed insurable and insurable with Escrow Repairs, •

a five (5) day Exclusive Listing Period for Owner Occupant purchasers for properties listed uninsured.

Owner Occupant must occupy the house for one year and can’t participate in a HUD sales for two years after purchase.

Exclusive Listing Period (Owner Occupant Priority).

• For insurable and insurable with Escrow properties, bids shall be opened and reviewed on the Tenth (10th) day of the Exclusive Listing Period. All bids will be treated as having been received simultaneously. If no winning bid is received by the tenth (10th) day, bid shall be opened and reviewed on each day after the tenth (10th) day up to the fifteenth (15th) day, or until a winning bid is received. If no winning bid is received in that fifteen (15) day period, the listing shall be extended to all buyers on day 16. See Extended Listing Period below.

Extended Listing Period.

At the conclusion of the Exclusive Listing Period, should a property remain unsold, all general public bids (including investors) may be submitted daily.

Submitted a Bid Over the “As Is” Value The “As-Is” value is equal to the appraisal value.You can’t get a second appraisal when using FHA.You will be notified if you overbid and will require submission of proof of funds. Buyers must bring cash for the overbid amount.

IndyInvestorMagazine.com IndyInvestorMagazine.com

33

Bid Opening, Review and Results In order to be valid for bid opening on a specific day, bids must be completed and confirmed on the Internet no later than 11:59 p.m. on the previous day. Bids can be submitted 24/7 but are not reviewed Holidays or weekends.

Bids received on the same day shall be considered to have been received simultaneously. Friday, Saturday and Sunday bids will be considered to have been received simultaneously and will be reviewed simultaneously on the following Monday.

Bids will be opened and reviewed each business day.

The highest acceptable net bid to HUD will be selected.

Results will be posted each business day by 1:00 p.m.

If two acceptable bids which are exact same amount are received, the AM Contractor will select the winner by randomized electronic drawing.

REMINDER: Brokers must check the HUD Listings website on a daily basis for available properties and Bid Result Publication. If your bid is selected, Brokers must submit the original written and completed HUD Sales Contract along with the required Addenda to the appropriate AM Contractor office within the next 48 hours of Bid Result Publication otherwise the bid will be considered canceled and the second highest acceptable net bid to HUD will be considered.

NOTE: If you search for a property and it does not show up in the search properties area then that property has an accepted bid at this time.

Property Search Results There are no HUD Homes that match your search criteria.

Required Contract Documents HUD SALES CONTRACT and REQUIRED ADDENDA:

•

Fillable HUD Sales Contract Form 9548 Revision (1/99)

Attach the following Addenda:

•

Lead Paint Addendum, if the property was built prior to 1978. The Lead Based Paint Addendum is property specific and will be posted with the property listing.

•

General Addendum to HUD Sales Contract.

•

For Your Protection: Get a Home Inspection

•

Notice to Purchaser Addendum when the offered amount exceeds the appraised value at the time the offer is submitted.

Certification of Owner-Occupant, if purchaser is an owner-occupant.

34

•

IndyInvestorMagazine.com

•

Radon Gas and Mold Notice and Release Agreement.

•

Forfeiture & Extension Policy (Addendum A, Rev. 6/15/2009)

•

Lead-Based Paint Addendum (if applicable)

•

Flood Zone Addendum (if applicable)

•

Letter from a Financial Institution acknowledging that purchaser has funds available for down payment.

• Mortgage Pre-Qualification Letter from a lending institution, if the purchase is to be mortgaged, stating

that an in-house credit check has been performed and the purchaser has been pre-qualified for a

mortgage up to a specified mortgage amount. The Pre-Qualification letter must be on lender

letterhead, give the name(s) of the people listed on the contract, have the correct loan amount, the type of loan, noted that “the credit has been approved”, signed by the loan office (no digital signatures), and dated within the past thirty days.

• Certification from a Financial Institution, if the purchase is cash, stating that funds are available on the day of closing.

• Certification of Owner-Occupant Status for Cash Purchases: All bids by owner-occupants, who are

purchasing properties listed in the owner-occupant category, must include an Owner-Occupant

Certification. Sanctions will be immediately imposed upon Brokers, Agents and Investors found to be abusing the system.

Avoid Common Errors!

To be acceptable, hard copies must contain no errors and done in BLUE ink.

You can’t use white out or liquid paper on a contractual document.

Do not use a yellow highlighter on the contractual documents. The document will not scan properly for HUD with highligher on it.

Make sure social security numbers are listed on the contract correctly.

The buyers name must match exactly on lines 1, 2 and 13 on the contract.

Down Payment Owner Occupants Only:

3.5% Minimum Down payment for FHA financed properties.

Maximum mortgage amount 96.5% of the appraised value or sales prices whichever is lower.

Investors:

1 unit: 25% Minimum Down payment, for FHA financed properties;

2 to 4 units: 15% Minimum Down payment, for FHA financed properties.

Earnest Money Deposit Required Earnest Money: Must be in the form of a cashier’s check, money order, or other certified funds. The original Earnest Money check should be submitted with the sales contract after bid acceptance. The Earnest Money deposit will be sent to the Closing Agent after Execution.

•

$1,000 for offers greater than $50,000,

•

$500 for offers $50,000 or less,

•

50% of the Listing Price for Vacant Lots

IndyInvestorMagazine.com

35

Earnest Money Forfeiture and/or Return The following provisions are applicable in all instances except those where HUD is unable or unwilling to close the sale, in which case the entire amount will be returned.

Investor Purchasers: •

Uninsured Sales: 100% of the deposit will be forfeited to HUD for failure to close, regardless of the reason.

•

Insured Sales:

• 50% of the deposit will be forfeited to HUD for failure to close if the purchaser is determined by HUD to be an unacceptable buyer.

• 100% of the deposit will be forfeited to HUD if the sale fails to close for any other reason.

Owner-Occupant Purchasers: Return 100% of the deposit when:

•

There has been a death in the immediate family (purchaser, spouse or children living in the same household).

• There has been a recent serious illness in the immediate family that has resulted in significant medical expenses or substantial loss of income, thus adversely, affecting the purchaser’s financial ability to close the sale.

•

There has been a loss of job by one of the primary breadwinners, or a substantial loss of income through no fault of the purchaser.

•

For an FHA insured sale, HUD (or a D.E. underwriter) determines that the purchaser is not an acceptable borrower. For an uninsured sale, the purchaser was pre-approved for mortgage financing in an appropriate amount by a recognized lender and, despite good faith efforts, is unable to obtain mortgage financing. “Pre- approved” means a commitment has been obtained from a recognized mortgage lender for mortgage financing in a specified dollar amount sufficient to purchase the property.

• There is other equally good cause, as determined by AM Contractor, in keeping with the spirit and intent of the above policy.

Return 50% of the deposit when: For an uninsured sale, despite good faith efforts by the purchaser, there is an inability to obtain a mortgage loan from a recognized mortgage lender.

Forfeit 100% if the deposit when:

• No documentation is submitted.

• Documentation fails to provide an acceptable cause for the buyer’s failure to close.

• Documentation is not provided within a reasonable time following contract cancellation.

Vacant Lot Sales: The purchaser is considered to be an investor and instructions pertaining to investors will apply.

Closing Costs (Line 5) HUD pays certain Closing Costs up to 3% of the purchase price, IF inserted on line 5 of the sales contract when the electronic bid is submitted. Enter this numeric figure (not percentage) on line 5.

36

IndyInvestorMagazine.com

Closing Time Frame For DEMCO & OFORI: HOMETELOS: Just exchange 45 to 30 & 30 to 45 All purchasers must close on or before forty-five (45) days of contract acceptance date for normal and cash closings.

203k must close sixty (60) days of contract acceptance.

Closing Extension Policy ALL SALES ARE EXPECTED TO CLOSE WITHIN THE APPLICABLE TIME FRAME IDENTIFIED ON LINE 9 OF THE SALE CONTRACT. Closing Extension Request: If the closing does not occur on the specified date on line 9 of the HUD Sales Contract 9548, the Broker should contact HUD’s Closing Agent at least two weeks prior to that date to request an extension.

AM Contractors, as HUD’s Representative, may grant an extension of closing time and, if approved, each extension will be for a period of fifteen (15) days: • Submit the “Request For Extension of Closing Date” (Extension Request form) and all the required supplemental supporting documents to HUD’s Closing Agent prior to the expiration of the sales contract.

• Documentation submitted with the extension request must establish that a closing can reasonably be expected to occur within the extension period.

• The extension request must be accompanied by a cashier’s check, money order or other certified funds in the appropriate amount and made payable to HUD. The fee is based on the Contract Sales Price:

Contract Sales Price

Extension Fee

Equal to or less than $25,000.00

$150.00 ($10.00 per day)

$25,000.01 to $50,000.00

$225.00 ($15.00 per day)

$50,000.01 and over

$375.00 ($25.00 per day)

• The initial 15-day extension will be provided for owner occupant purchasers, at no cost, if documentation is provided indicating that proper and timely loan application was made, that the delayed closing is not the fault of the purchaser and that mortgage approval is imminent.

• The extension fee will be retained by HUD. In the event that the purchaser closes prior to the end of the extension period, the unused, prorated portion of the extension fee will be credited to the amount due at closing.

•

The approval of an extension does not obligate AM Contractor, as HUD’s Representative, to grant future extensions.

Home Inspection

(Optional, but highly recommended)

There is a 15 day due diligence period.You must have FSM authorize your home inspection.You have 48 hours to complete home inspection after last utility is turned on and you must turn off utilities after inspection. When you receive written permission (executed sales contract), contact the local utility companies, and coordinate dates between them and your inspection.

IndyInvestorMagazine.com

37

Fill out a utility activation request form. The utilities are to be turned on in the purchaser’s name and at purchaser’s expense. The purchaser is responsible for the actual costs to activate, deactivate and when necessary, re-winterize the property. The purchaser must place a refundable $150 deposit, in the form of certified funds or money order. The amount is sufficient to cover these costs. This deposit is required to ensure the property has been re-winterized. It is the buyer’s responsibility and cost to re-winterize. If the property has not been re-winterized at the end of the allowable 72 hr period, this may result in a delay of closing (buyer will also be responsible for any property damage incurred).

FHA Amendatory Clause This addendum is not required and will not be executed on HUD sales. HUD homes are exempt from the clause.

Broker Registration and NAID As Broker, Nonprofit, or Government Agency, you can make an offer on a HUD Home only if you have a HUD Name Address Identifier (NAID). To apply for a NAID, http://www.hudhomestore.com/hud/NaidRegistration.aspx So in order to place a bid on a HUD property, you must have an active NAID,You may obtain a NAID by completing the necessary forms and providing all required attachments to the HUD Homeownership Center which has jurisdiction over the state in which you are located. The NAID application package must contain the documents as listed at http://www.hudhomestore.com/hud/NaidRegistration.aspx If your application package does not contain the required documents, the package will be returned and extend the processing time. The NAID application processing time is a minimum of 2 weeks.

For Selling Brokers: Only Selling Brokers may obtain a NAID. Real Estate Agents must use the NAID of their Selling Broker to submit bids.

First to get a NAID Number Register Here

As an agent, if you have already registered, login here

As an agent, if you have never registered, login here

Properties for Purchase

38

IndyInvestorMagazine.com

Available

Not Available

Broker Commission (Line 6a) HUD will pay up to 6% or a minimum of $2500 commission to be equally split between the Listing and Selling Broker, IF inserted on line 6a, of the new HUD Sales Contract Form 9548 (1/99). Line 6b will populate 3% for the listing broker commission.

Remember: Lines 5 and 6a affect the net to HUD.

Help

“WHAT IF I NEED HELP?”

If you need help, you can obtain it:You can go to http://www.HUDHomestore.com

The HUD-9548 Sales Contract Line1: Type purchaser(s) name and complete property address. Make sure to type in the county.

Line2: Enter name(s) and style in which tile will be taken. Please match the name exactly as on line 1 and the STYLE they are taking title (individual, married, etc.)

Line3: Enter bid amount and amount of the earnest money (which is $500 if $50,000 or under or $1000 if $50,001 and over) and fill in that it will be held by HUD. Please send this in a cashier’s check or money order (NO personal checks) paid to the order of: If it is PEMCO or HOMETELOS it will be the name of title company, If OFORI in the name of the listing broker.

Line4: Make sure the appropriate box is checked for the type of financing your buyer is getting and in compliance with what seller’s offering. If FHA 203(b) repair escrow, then check “said mortgage involves a repair escrow amounting to $__” and fill in amount. Also leave blank or enter TBD (to be determined) the three spaces for down payment, mortgage loan amount and the number of months.

Line5: Enter the amount of financing/closing cost submitted on your bid.

Line6: Enter dollar amount of commission to be paid by seller as submitted on your bid.

Line7: Enter net amount due seller as submitted on your bid.

Line8: Enter buyer type (owner occupant or investor) Line9: Enter in accordance with AM Contractors instructions for closing dates. On the second blank your purchaser will fill in the blank with the closing agency they will use.

Line10: Enter appropriate back up offer information Line11: Check the appropriate boxes.

Line12: Purchaser(s) must initial in appropriate space Line13: Make sure to write in your purchaser’s phone number under the signature line, and have them date the contract: when they sign it. Always have the managing broker sign the contract and the owner/occupant certification in the original blue ink signatures.

If this is an investor bid please make sure that the company name is on Line 1 and 2 of the contract. Also make sure that you include the company paperwork and proof of EIN number from the IRS.

SEE SAMPLE CONTRACT ON NEXT PAGE

IndyInvestorMagazine.com

39

Please fill out contract in blue ink!

U.S. Department of Housing and Urban Development Office of Housing Financial Housing Commissioner Property Disposition Program John Doe 1.

I (We), ________________________________________________________________________ (Purchaser(s)) agree to purchase on the terms set forth herein, the following property, as more particularly described in the deed conveying the property to the Secretary of Housing and Urban Development:

Sales Contract

HUD Case No.

123-456789

111 Any Street, Any City, County, State and Zip

(street number, street name, unit number, if applicable, city, county, state)

2.

The Secretary of Housing and Urban Development (Seller) agrees to sell the property at the price and terms set forth herein, and to prepare a deed containing a covenant which warrants against the acts of the Seller and all claiming by, through or under him. Title will be take in the following Names must match Line 1 and state whether single, married and tenancy name(s) and style: ______________________________________________________________________________________________ $100,000.00 3.

The agreed purchase price of the property is 3. $ _______________________ based on sales price, $500 for < $50k and $1,000 for > $50k, Held By HUD 1,000.00 Purchaser has paid $ ____________________ as earnest money to be applied on the purchase price, and agrees to pay the balance of the purchase price, plus or minus promotions, at the time of closing, in cash to Seller. The PEMCO or HOMETELOS - Title Company, OFORI - Listing Agent earnest money deposit shall be held by ____________________________________________________ , If property is UI, only box 4.

Purchaser is applying for FHA insured financing [ 203(b) 203(b) repair escrow, 203(k) ] with a cash 203k or Conv/Cash can be down payment of $ ________________ due at closing and the balance secured by a mortgage in the amount of checked ... for properties $ _______________________ for ________ months (does not include FHA Mortgage Insurance Premium, listed as IN/IE check the prepaid expenses or closing costs Seller has agreed to fund into mortgage. ). box of the loan you have Said mortgage involves a repair escrow amounting to $ _____________________. been approved for Purchaser in paying cash or applying for conventional or other financing non involving FHA. 5.

Seller will pay reasonable and customary costs, but not more than actual costs, not more than paid by a typical Seller see HUD Notice 2005-12 in the area, of obtaining financing and/or closing (excluding broker’s commission) in an amount not to exceed 5. $ _______________________ 6a. Upon sales closing, Seller agrees to pay to the broker identified below a commission (including to 3% 6a. $ Up ______________________ selling bonus, if offered by seller) of auto populated by HUD 6b. If broker identified below is not the broad listing broker, broad listing broker will receive a commission of 6b. $ 3% ______________________ 90,000.00 7.

The net amount due Seller is (Purchase price [ Item 3] less Items 5 and 6) 7. $ _______________________ owner-occupant (will occupy this property as primary residence) investor 8.

Purchaser is: nonprofit organization public housing agency other government agency. Discount at closing: _______________% Discount will reduced by amounts, if any, listed on Line Items 5 and 6.

45 9.

Time is of the essence as to closing. The sale shall close no later than __________ days from Seller’s acceptance of contract. Closing shall Title Company be held at the office of Seller’s designated closing agent or ________________________________________________________________ pull the LBP Addendum from 10. If Seller does not accept this offer, Seller may may not hold such offer as a back-up to accepted offer Please property details as required.

11. Lead based paint addendum is is not attached; Other addendum is is not attached hereto and made part of this contract.

12. Should Purchaser refuse or otherwise fail to perform in accordance with this contract, including the time limitation, Seller may, at Seller’s sole option, retain all or a portion of the deposit as liquidated damages.The Seller reserves the right to apply the earnest money, or any portion thereof, to any sums which may be owed by the Purchaser to the Seller for rent.

JD Purchaser(s) Initials: _________ Seller’s Initials: ________ don’t forget 13. This contract is subject to the Conditions of Sale on the reverse hereof, which are incorporated herein and made part of the contract.

Certification of Purchaser: The undersigned certifies that in affixing his/her/its signature to this contract he/she/it understands: (1) all the contents thereof (including the Conditions of Sale) and is in agreement therewith without protest; (2) he/she/it is responsible for satisfying itself as in the full condition of the property; and (3) that Seller will not perform repairs after acceptance of this contract.

Purchaser(s) (type or print names & sign) Purchaser(s) Address: John Doe Current Address John Doe Purchaser(s) Social Security Number (SSN) or Employer Identification Number (EID) (Include hyphens) Phone No: Date Purchaser(s) Signed Contract 800-555-1212 123-45-6789 01/01/2011 Date Contract Accepted by HUD Seller: Secretary of Housing and Urban Development By: (type name & title & sign) X Certification of Broker: The undersigned certifies that: (1) neither he/she nor anyone authorized to act for him/her has declined to sell the property described herein to or to make it available for inspection or consideration by a prospective purchaser because of his/her race, color, religion, sex, familial status, national origin, or disability; (2) he/she has both provided and explained to the purchaser the notice regarding use of Seller’s closing agent; (3) he/she has explained fully to the purchaser the entire terms of the contract, including Condition B on the reverse hereof; and (4) he/she is in compliance with Seller’s earnest money policy as set forth on HUD forms SAMS-1111, Payee Name and Address, and SAMS-1111-A, Selling Broker Certification which he/she has executed and filed with Seller.

SAMS NAID: Brokers Business Name & Address: (for IRS reporting) (include Zip Code) Broker’s EIN or SSN: (include hyphens) 12-3456789 XYZ ABC XYZABC1234 1 Home Road Signature of Broker: Broker’s Phone No: City, St., 12345 Type of print the name and phone number of sales person: Managing Broker Signature This section for HUD use only. Broker notified of:

Authorizing Signature & Date:

Acceptance Back-Up No. ____________ Rejection Return Earnest Money Deposit x Previous editions are obsolete

40

ref. Handbook 4310.5

IndyInvestorMagazine.com

form HUD-9548 (1/99)

For Photo Too New

Anderson, INwww.tourfactory.com/ 28 W 9th Street4,050 Square Feet $99,900 BLC#21204643

Why do the most successful real estate professionals love working with HouseMaster®?

Our Inspectors are accurate, not arrogant!

HouseMaster inspectors are among the best trained in the industry. In addition to extensive technical training and ongoing support, they are also trained on how to communicate their findings in clear, concise and professional terms. We approach every inspection as a “service” focusing on educating your customers in a courteous and helpful manner. You’ll be impressed with both our knowledge AND demeanor!

“The Mark of Inspector Professionalism” How does your new home measure up?

Feel free to compare your home inspection results to over 2,000 other reports compiled in the HouseMaster Home Defect Survey. To see an interactive version of the survey results, go to housemaster.com/homedefects

MAJOR STRUCTURAL CONCERNS

ROOF REPAIR

For Photo Too New

Anderson, INwww.tourfactory.com/ 28 W 9th Street4,050 Square Feet $99,900 BLC#21204643

ELECTRIC SYSTEM

ALUMINUM HOUSEHOLD WIRING INSULATION

CENTRAL HEATING SYSTEM

CENTRAL COOLING SYSTEM

WATER HEATER PLUMBING SYSTEM

OLD/MIXED PIPING

FOUNDATIONS

AGE OF HOME:

AGE OF HOME:

0-12 Years

13-29 Years

30+ Years

As you might expect, newer homes generally experience the fewest problems or defects.

However, the survey does point to some areas which can be of concern, even in a new or newer home.

Homes in this age range tend to require more repairs than newer ones. In a few categories, homes in this age group actually score worse than older homes. This is generally because systems in these homes are nearing the end of their useful service life, while in the older homes these systems will have been replaced.

While the expression “they don’t build them like they used to” has some truth behind it, older homes generally need more repairs — due to normal wear & tear and aging. It’s interesting to note that in selected categories, the often simpler systems in older homes hold up well.

9.11% of homes contained major structural concerns

13.65% of homes contained

37.71% of homes contained

19.33% of homes needed

49.35% of homes

55.34% of homes

14.15% of the homes

30.29% of the homes

48.63% of the homes

<1% of the homes had

aluminum household wiring

5.54% of the homes had aluminum household wiring

4.72% of the homes had aluminum household wiring

roof repairs

required electrical system repairs

major structural concerns

needed roof repairs

required electrical system repairs

AGE OF HOME:

major structural concerns

needed roof repairs

required electrical system repairs

11.7% had inadequate

30.45% had inadequate

48.88% had inadequate

15.4% of surveyed homes required Central Heating System repairs

59.74% of surveyed homes

54.35% of surveyed homes

13.67% of homes required

28.59% of homes required

20.98% of homes required

1% of homes required water

18.34% of homes required

37.31% of homes required

8.96% had problems with the plumbing system

20.19% had problems with

40.42% had problems with

<1% had old or mixed piping

18.34% had old or

37.31% had old or

22.64% of homes showed

26.17% of homes showed

47.38% of homes showed

insulation

repair to the Central Cooling System

heater repairs

signs of water seepage or drainage concerns

insulation

required Central Heating System repairs

repair to the Central Cooling System

water heater repairs

the plumbing system

mixed piping

signs of water seepage or drainage concerns

insulation

required Central Heating System repairs

repair to the Central Cooling System

Every HouseMaster inspection includes context included on the attached document!

HouseMaster is the country’s most experienced name in home inspections. We take great pride in providing your customers with a positive service experience. Each HouseMaster customer is presented with our coveted Inspection Resource Guide®. at the start of the inspection. The guide includes an instructional home repair DVD to help emphasize that the focus of the inspection is on major elements. The DVD also shows customers how to address common maintenance issues on their own. The Guide also includes results of our home inspection survey. The results, which categorize the frequency of common home concerns reported, sorted by the age of the home, helps give buyers a better sense of what conditions found in their report may be considered normal depending on the age of the home.

water heater repairs

the plumbing system

mixed piping

signs of water seepage or

HouseMaster’s reputation inspires confidence:

HouseMaster, founded in 1979 is hands down THE recognized authority on home inspections. You may have seen HouseMaster featured on CNN, HGTV, and Fox Business or on your local news. We have collectively performed over 2 million inspections with overwhelmingly positive feedback. Over 99% of real estate professionals surveyed would recommend HouseMaster to their friends or family!

In today’s market, customers and clients need to be confident that the inspector they choose is reputable, knowledgeable, personable and experienced –that’s us!

IndyInvestorMagazine.com

41

9775 Crosspoint Blvd., Suite 118 Indianapolis, IN 46256 1248 Central Avenue Noblesville, IN

$86,000

BLC#21345164

2 Bedrooms, 1 Baths, 1,074 Sq. Ft. www.tourfactory.com/1315594

6057 Apache Drive Indianapolis

2323 W 66th Street Indianapolis

$69,900

BLC#21334663

3 Bedrooms, 1 Baths, 1,088 Sq. Ft. www.tourfactory.com/1288461

Feature

6874 W Raleigh Drive McCordsville, IN

$116,500

BLC#21333761

3 Bedrooms, 2.5 Baths, 3,036 Sq. Ft. www.tourfactory.com/1285609

7313 Twin Beech Drive Indianapolis

420 N 11th Street Elwood, IN

$84,000

$44,000

BLC#21345165

2 Bedrooms, 1 Baths, 1,595 Sq. Ft. www.tourfactory.com/1318917

3061 Bluebell Lane Indianapolis

BLC#21343191

3 Bedrooms, 1 Baths, 920 Sq. Ft. www.tourfactory.com/

$24,500

10710 Lostpine Lane Indianapolis

BLC#21345164

$82,000

BLC#21341410

4 Bedrooms, 2 Baths, 1,516 Sq. Ft. www.tourfactory.com/1315979

42

This 1,188 Square Foot Single Family Home Has 2 Bedrooms And 1 Bathroom. This Home Is In The Elwood Community School District And Was Built In 1897. Come make this home yours today!

IndyInvestorMagazine.com

$85,500

BLC#21331057

3 Bedrooms, 1.5 Baths, 1,320 Sq. Ft. www.tourfactory.com/1279782

9775 Crosspoint Blvd., Suite 118 Indianapolis, IN 46256 5987 Forest Hill Blvd.

West Palm Beach, FL

$62,000

4084 Aster Court Lake Worth, FL

$90,000

ML#A1913704

2 Bedrooms, 2 Baths, 1,026 Sq. Ft. www.tourfactory.com/1131633

$190,000

ML#A1878092

3 Bedrooms, 2 Baths, 1,628 Sq. Ft. www.tourfactory.com/1093535

1420 Windorah Way West Palm Beach, FL

$70,000

14383 N 85th Road Loxahatchee, FL

ML#A1911050

2 Bedrooms, 2 Baths, 866 Sq. Ft. www.tourfactory.com/1114002

Looking for a 2nd home in Florida??

ML#A1918237

3 Bedrooms, 2 Baths, 1,599 Sq. Ft. www.tourfactory.com/1126721

1702 NE 6th Street Boynton Beach, FL

$107,350

ML#A1900393

3 Bedrooms, 2 Baths, 1,561 Sq. Ft. www.tourfactory.com/1108790

Now is the time to buy!

Atlantis Realty Group can help. We have an office south of Miami in Homestead, Florida. Check out our listings and others at www.AtlantisRealtyGroup.com

IndyInvestorMagazine.com

43

9775 Crosspoint Blvd., Suite 118 Indianapolis, IN 46256 3425 Virginia Street Columbus, IN

$85,500

BLC#21355067

3 Bedrooms, 1.5 Baths, 1,175 Sq. Ft. www.tourfactory.com/1356857

451 American Way #3H Carmel, IN

$199,900

BLC#21349952

2 Bedrooms, 2 Baths, 1,212 Sq. Ft. www.tourfactory.com/

424 S John Street Lapel, IN

$63,900

BLC#21347519

3 Bedrooms, 1.5 Baths, 1,100 Sq. Ft. www.tourfactory.com/1330478

44

603 E Adams Street Muncie, IN

$22,000

BLC#21351513

4 Bedrooms, 3.5 Baths, 2,700 Sq. Ft. www.tourfactory.com/

13112 S Elster Way Fishers, IN

$199,900

BLC#21352259

3 Bedrooms, 2.5 Baths, 1,568Sq. Ft. www.tourfactory.com/

54 W Main Street Markleville, IN

$30,450

BLC#21351101

3 Bedrooms, 1 Baths, 1,390 Sq. Ft. www.tourfactory.com/1338006

IndyInvestorMagazine.com

13013 Broad Street Carmel, IN

$636,400

BLC#21335340

5 Bedrooms, 6 Baths, 5,553 Sq. Ft. www.tourfactory.com/1291172

421 Pratt Street Greenfield, IN

$56,050

BLC#21351718

2 Bedrooms, 1 Baths, 1,034 Sq. Ft. www.tourfactory.com/1340119

7729 Wind Run Circle Indianapolis

$138,000

BLC#21352568

3 Bedrooms, 2 Baths, 1,432 Sq. Ft. www.tourfactory.com/1342174

  

  Do not depend 100% on your inspection for the future.

How can you protect your largest personal investment?

      

Lisamarie Schmidt

The Atlantis Realty Group 8645 E 96th Street Indianapolis IN 46256 800-276-8940

P.O. Box 797, Carmel, IN 46082 Call to Theorder Atlantis800-544-8156 Realty Group www.rwswarranty.com

     

IndyInvestorMagazine.com

45

IT’S A JUNGLE OUT THERE BUILDING THE BRIDGE HOME OWNERSHIP 203k GUIDE How do you turn a fixerTO upper into your dream home?

How do you turn a fixer upper into your dream home?

The Solution – the FHA 203(k) Loan!

The purchase of a house that needs repair is often a catch-22 situation, because the bank won't lend the money to buy the house until the repairs are complete, and the repairs can't be done the house hasLoan! been purchased.

The Solution – theuntil FHA 203(k) HUD's 203(k) program can help you with the purchase or refinance of a property by

The purchase of athehouse needs repair is often a catch-22 situation, because the bank allowing you to roll-in costs ofthat repairs and improvements up to 110% of the after improved value of the home with a minimum 3.5% down payment. won’t lend the money to buy the house until the repairs are complete, and the repairs can’t be done until the house has been purchased.

We hope you find this 203(k) guide helpful. If you have more questions or would like to

HUD’s 203(k) program can help youmywith theinfo purchase or refinance of a property by allowing speak with a 203(k) specialist about a loan, contact is below. Happy House Hunting! you to roll-in the costs of repairs and improvements up to 110% of the after improved value of the home with a minimum 3.5% down payment.

We hope you find this 203(k) guide helpful. If you have more questions or would like to speak with a 203(k) specialist about a loan, my contact info is below. Happy House Hunting!

Brought to you by: Brought to you by:

Michael Kerkhof

AmeriFirst Home Mortgage

Michael Kerkhof Office 317-254-8800

AmeriFirst Home Mortgage Cell 317-371-5079 Officemkerkhof@amerifirst.com 317-254-8800 NMLS #247367 Cell 317-371-5079 mkerkhof@amerifirst.com NMLS # 247367

NMLS ID 110139

46

AmeriFirst Home Mortgage

The Federal Housing Administration (FHA), which is part of the Department of Housing and Urban Development (HUD), administers various single family mortgage insurance LenderThe ID 110139 programs.

Section 203(k) program is HUD’s primary program for the rehabilitation and repair of single family properties. As such, it is an important tool for community and neighborhood revitalization and for 800.466.5626 expanding homeownership opportunities.

IndyInvestorMagazine.com

e?

203(k) - How Is It Different?

of the property being financed. A portion of the loan proceeds are used to pay the seller, or, if a refinance, to pay off the existing mortgage, and the remaining funds are placed in an escrow account and released as rehabilitation is completed. You may also roll in up to six months of mortgage payments if the HUD consultant determines you need to be displaced from the home during the repairs.

When a homebuyer wants to purchase a house in need of repair or modernization, the homebuyer usually has to obtain financing first to purchase the dwelling; additional financing to do the rehabilitation construction; and a permanent mortgage when the work is completed to pay off the interim loans with a permanent mortgage. Often the interim financing (the acquisition and construction loans) involves relatively high interest rates and short amortization periods. The Section 203(k) program was designed to address this situation. The borrower can get just one mortgage loan, at a long-term fixed (or adjustable) rate, to finance both the acquisition and the rehabilitation of the property. To provide funds for the rehabilitation, the mortgage amount is based on the projected value of the property with the work completed, taking into account the cost of the work.

We will discuss both of these loans in detail but first letâ&#x20AC;&#x2122;s discuss the 203(k) process from start to finish.

Most mortgage financing plans provide only permanent financing. That is, the lender will not usually close the loan unless the condition and value of the property provide adequate loan security. When rehabilitation is involved, this means that a lender typically requires the improvements to be finished before a long-term mortgage is made.

These are two Different 203(k) Loans Available

Hereâ&#x20AC;&#x2122;s What You Can Expect:

1. Find a Property and Make the Offer - A potential homebuyer locates a fixer-

upper and executes a purchase agreement or sales contract after doing a feasibility analysis of the property with their real estate agent.

2. Find a FHA approved Lender and Meet with a 203(k) Specialist

- The homebuyer then selects an FHA-approved 203(k) lender and arranges for a detailed proposal from licensed contractors showing the scope of the work to be done, including a detailed cost estimate on each repair or improvement of the project.

3. Appraise the Property - The appraisal

is performed to determine the value of the property Choosing which loan suits you best will depend after renovation. The appraiser will also determine on the amount of improvement your property if there are any additional repairs necessary for the property to meet minimum FHA property needs. guidelines. Any health or safety issues would be Streamlined: The 203(k) Streamline is an addressed at this time. all-in-one loan used for homes that need minor repairs. It allows borrowers to finance the purchase 4. Loan is Approved and Closed - The of an existing home and make improvements or borrower, property and requested improvements upgrades up to $35,000 before move-in. There are are approved and the loan closes for an amount no minimum repair costs and the borrower must that will cover the purchase or refinance cost of the property, along with the improvement costs. The occupy the property. amount of the loan will also include a contingency Standard: The Standard 203(k) is an all-in-one reserve of 10% to 20% of the total renovation costs loan used when homes need major rehabilitation, and is used to cover any overages resulting from or when repairs are structural, involves landscaping, extra work required to complete the work proposed. or when the renovation costs exceed $35,000. There At closing, the seller of the property is paid off and must be a minimum of $5,000 worth of repairs, and the remaining funds are put in an escrow account again, the borrower must occupy the property. FHA to pay for the repairs and improvements during the loan limits are based on property type and location rehabilitation period.

IndyInvestorMagazine.com

47

5. Work Begins on the Property

(2) Must be owner occupied (no investors)

The mortgage payments and renovation begin after the loan closes. The borrower can decide to have up to six mortgage payments (PITI) put into the cost of rehabilitation if the property is not going to be occupied during construction, but it cannot exceed the length of time it is estimated to complete the rehab.

(4) The lesser of 5 units in the project or 25% of the total number of units can be undergoing rehabilitation at the same time

6. Disbursements & Payment (Draws) - Escrowed funds are released to the

contractor during construction through a series of draw requests for completed work. To ensure completion of the job, 10% of each draw is held back; this money is paid after the lender determines there will be no liens on the property. The borrower will always approve the release of funds to the contractor.

(3) Rehab is limited only to the interior of the property

(5) The maximum amount of the loan cannot exceed 100% of the after improved value (6) No more than four condo units per building

How the Program Can Be Used This program can be used to accomplish rehabilitation and/or improvement of an existing one-to-four unit dwelling in one of three ways: (1) To purchase a home and rehabilitate it.

Eligible Properties

(2) To purchase a dwelling on another site, move it onto a new foundation and rehabilitate it.

To be eligible, the property must be a one- to fourfamily dwelling that has been completed for at least one year. In addition to typical home rehabilitation projects, this program can be used to convert a one-family dwelling to a two-, three-, or four-family dwelling. An existing multi-unit dwelling could be decreased to a one- to four-family unit.

(3) To refinance an existing mortgage and rehabilitate the home.

A 203(k) mortgage may be originated on a “mixed use” residential property provided: (1) The property has no greater than 25 percent (for a one story building); 33 percent (for a three story building); and 49 percent (for a two story building) of its floor area used for commercial (storefront) purposes; (2) The commercial use will not affect the health and safety of the occupants of the residential property; and (3) The rehabilitation funds will only be used for the residential functions of the dwelling and areas used to access the residential part of the property.

A 203(k) mortgage may be originated on a condominium provided: (1) The condominium project has been approved

by FHA

48

Features of the 203(k) Streamline Eligible and Ineligible Improvements for the 203(k) Streamline Eligible Improvements include: 203(k) Streamlined loan is intended to facilitate uncomplicated rehabilitation and/or improvements to a home. Eligible improvements include: • Repair/Replacement of roofs, gutters and downspouts • Repair/Replacement/upgrade of existing HVAC systems • Repair/Replacement/upgrade of plumbing and electrical systems • Repair/Replacement of flooring • Minor renovation, such as kitchens & baths, which do not involve structural repairs • Painting, both exterior and interior

IndyInvestorMagazine.com

• Weatherization, including storms windows and doors, insulation, weather stripping, etc.

• Purchase and installation of appliances, including free-standing ranges, refrigerators, washers/dryers, dishwashers and microwave ovens • Septic system and/or well repair or replacement • Accessibility improvements for persons with disabilities • Lead-based paint stabilization or abatement of lead-based paint hazards • Repair/replace/add exterior decks, patios, porches • Basement finishing and renovation with does not involve structural repairs

• Basement waterproofing • Window and door replacements and exterior wall re-siding

Ineligible Improvements include: • Renovation involving structural changes, like moving a load-bearing wall, or new construction, like adding rooms • Landscaping or Fencing • Work that will not start within 30 days of loan closing or will cause the borrower to be displaced from the home for more than 30 days or renovations that will take more than 6 months to complete • Luxury items like swimming pools, hot tubs, tennis courts, etc.

Contractor Requirements

Borrowers must use contractors to complete rehab unless borrower can provide documented proof that they can perform the work. Example: Borrower is a licensed plumber or electrician, etc.

Timelines & Disbursements for the 203(k) Streamline

Timelines - When the loan closes, the mortgage proceeds will be disbursed to pay off the seller

of the existing property and the Rehabilitation Escrow Account will be established. Construction may begin. Depending on the type of improvements the homeowner has up to six (6) months for completion.

Disbursements & Payments (Draws) - No more than two payments may be made to each

contractor. The first payment is intended to defray material costs and shall not be more than 50% of the estimated costs of all repairs and improvements. The Lender will allow the first payment at closing to cover for, and not exceed, actual required contractor deposits, building permits, and/or the cost of building materials incurred prior to construction.

Before a final disbursement is made, the borrower must sign a statement acknowledging that the work has been completed in a workmanlike and satisfactory manner. A final inspection is required regardless of the improvement or repair, and must be done at completion before the final disbursement is released.

Any leftover funds are applied to principal balance of the loan.

Features of the Standard 203(k)

FHA Approved Consultants

- All Standard 203(k) loans must use a FHA Approved 203(k) consultant. The HUD consultant will be very helpful as they will assist you in determining the scope of repairs and the budget for the work to be done. Once the project has been determined the HUD consultant will give you a “specification of repairs” plan that will detail the work to be completed and the associated costs. The HUD consultant will also carry out the disbursement and final inspections needed to pay your contractors. Basically they are there to help you through the construction process and verify all work is completed satisfactorily and as stated and that the home meets HUD’s minimum property guidelines when repairs are completed.

IndyInvestorMagazine.com

49

Eligible Improvements for the 203(k) Standard Homeowners can use the 203(k) program to finance “desired” repairs or upgrades such items as painting, room additions, decks and other items even if the home does not need any other improvements.

Eligible improvements can range from relatively minor (though exceeding $5,000 in cost) to virtual reconstruction: a home has been demolished or will be razed as part of rehabilitation is eligible, for example, provided that the existing foundation system remains in place.

consultant. Inspections are required prior to each disbursement.

A ten (10) percent holdback is required on each disbursement released from the Rehabilitation Escrow Account. The Holdback/Contingency Fee is: 1. Used as an incentive to insure all work is completed and to cover health, safety and unplanned issues that arise during construction.

2. Required on FHA 203(k); recommended on Streamline 3. Required on properties older than 30 years and/ or over $7,500 in rehabilitation costs.

The types of improvements that borrowers may 4. A minimum of 10% of the cost or rehabilitation make using Section 203(k) Standard loan financing and maximum of 20%. include: If not used (after all construction is complete) the • All of the improvements listed in the eligible remaining amount will be applied to pay down the principal balance of the loan. The total of all improvements for a streamlined 203(k) holdbacks may be released only after a final • Structural alterations and reconstruction, like inspection of the rehabilitation and issuance of the room additions, repair of termite damage, major Final Release Notice. remodeling of kitchens and bathrooms, finishing an attic or basement, adding a second story to a home, etc

Maximum Mortgage Amount Calculation

• Major landscaping and site improvement including correction of grading and drainage problems, tree removal and repair of sidewalks and driveway, if they are a safety hazard to the property.

Timelines, Disbursements & Inspections for the 203(k) Standard

Timeline - When the loan closes, the mortgage

proceeds will be disbursed to pay off the seller of the existing property and the Rehabilitation Escrow Account will be established. Construction may begin. The homeowner has up to six (6) months to complete the work depending on the extent of work to be completed.

Disbursements - As construction progresses,

funds are released after the work is inspected by a HUD-approved inspector. A maximum of 5 draws are allowed. Draw amounts may vary and are based on the work performed. Disbursements are made as each phase of the project is completed based on the draw paperwork provided by the

50

REFINANCE:

Based on the lesser of: 1) The existing mortgage balance before rehabilitation, plus the estimated cost of rehabilitation and allowable closing costs or 2) The lesser of the As-Is value plus rehabilitation costs or 110 percent of the After-Improved value multiplied by 97.75%.

PURCHASE: The maximum mortgage amount is based on the lesser of 1) or 2) of the below multiplied by 96.5%.

1) The As-is value or the purchase price of the property before rehabilitation, whichever is less, plus the estimated cost of rehabilitation or 2) 110% of the After-Improved value of the property.

We hope you found this 203(k) guide to be helpful during the home buying process. The following pages contain additional information and resources to help build a smooth and straight path to your dream home.

IndyInvestorMagazine.com

Potential Home Checklist

Having a record of what each home offers can make your final decision much easier.

Date Seen ____________________ Address _____________________________ Price __________ Seller __________ Home Age _____ Neighborhood _________ Style of home

__2-Story __Cape Cod

Construction Type __Wood

__Ranch __Condo

__Brick

Exterior Features Landscaping Fencing Porch Paint Patio Deck Garage

__Good __Good __Good __Good __Good __Good __1 Car __Good Roof Condition __Good Sidewalks __Yes Well-Mainteined Neighborhool

__Split Level __Townhouse

__Stucco

__Fair __Fair __Fair __Fair __Fair __Fair __2 Car __Fair __Fair __No

Room/ Location

__Traditional

__Poor __Poor __Poor __Poor __Poor __Poor __3 Car __Poor __Poor

Utilities

__Finished

__Nonexistent __Nonexistent __Detached

Free eBooks for Free More eBooks Information for More Information

If you’d like to learnIfmore you’dabout like tothe learn FHAmore 203kabout loan program, the FHA 203k or credit loaninformation program, orfor credit buying information a for buying a home, or the mortgage home, process or theinmortgage general, we process offerin several general, freeweeBooks. offer several You can free click eBooks. one ofYou can click one of the pictures below to thefind pictures the eBook belowthat’s to find right thefor eBook you!that’s right for you!

__Yes

__No

__Carpet

__Hardwood

__Poor

__Work __Schools __Highways

__Shopping __Churches

Recent Sales in neighborhood:

__Airport Area __Train Station

Free eBooks for More Information

If you’d like to learn more about the FHA 203k loan program, or credit information for buying a home, or the mortgage process Free eBooks Free for More eBooks Information for More Information If you’d like to learnIf more you’dabout like tothe learn FHA more 203kabout loan program, the FHA 203k or credit loan information program, or for credit buying information a for buying a in general, we offer several free eBooks. You can click one of home, or the mortgage home, process or the in mortgage general, process we offerinseveral general, free weeBooks. offer several You can free click eBooks. one ofYou can click one of __Poor the pictures below the to find pictures the eBook belowthat’s to find right thefor eBook you!that’s right for you! the pictures below to find the eBook that’s right for you. __Poor

__Poor

__Poor

Let Us Know How We Can Help NMLS ID 110139

__Poor

__Poor

__Poor NMLS ID 110139

__Poor

NMLS ID 110139 AmeriFirst Home Mortgage AmeriFirst Home Mortgage 800.466.5626

800.466.5626

For more than 25 years, AmeriFirst Home Mortgage has helped first time home buyers and other clients realize the dream of leaving that rental behind, and owning a house.

Whether it’s HomePath, conventional lending, an FHA program, VA loan, Rural Development or a 203k mortgage loan, the team at AmeriFirst is here to find the right mortgage for you. AmeriFirst is licensed in: Michigan, Minnesota, Wisconsin, Indiana, Illinois, Ohio, Kentucky, Tennessee, North Carolina and Florida. There is sure to be an office near you.

NMLS ID 110139 AmeriFirst Home Mortgage AmeriFirst Home Mortgage 800.466.5626

800.466.5626

We’re easy to find. __Tile

Type of Heating __Hot Water __Gas __Electric __Oil Insulation __Fiberglass __Cellulose __Foam __Nonexistent Central Air __Yes __No Plumbing Condition __Good __Fair __Poor Sump Pump/Drainage System __Yes __No Connected to Sewer System __Yes __No Age/capaciy of water heater _____________ Age of heating system _____________ Age of electrical wiring _____________

Easy proximity to:

Renovation Needed

__Nonexistent __Nonexistent

Size _________________________ Eat-In __Yes __No Flooring __Ceramic __Vinyl __Wood __Carpet __Good __Fair Appliances __Good __Fair __Poor __Nonexistent Cabinets __Good __Fair __Poor Windows __Good __Fair __Poor Dining Room Size _________________________ Flooring __Hardwood __Carpet __Tile __Good __Fair Light Fixtures __Good __Fair __Poor __Nonexistent Living Room Size _________________________ Flooring __Hardwood __Carpet __Tile __Good __Fair Light Fixtures __Good __Fair __Poor __Nonexistent Fireplace __Good __Fair __Poor __Nonexistent Den Size _________________________ Flooring __Hardwood __Carpet __Tile __Good __Fair Light Fixtures __Good __Fair __Poor __Nonexistent Linen Closet __Good __Fair __Poor __Nonexistent Total Bedrooms _____________ Bedroom 1 Size _________________________ Flooring __Hardwood __Carpet __Tile __Good __Fair Light Fixtures __Good __Fair __Poor __Nonexistent Closet __Good __Fair __Poor __Nonexistent Bedroom 2 Size _________________________ Flooring __Hardwood __Carpet __Tile __Good __Fair Light Fixtures __Good __Fair __Poor __Nonexistent Closet __Good __Fair __Poor __Nonexistent Bedroom 2 Size _________________________ Flooring __Hardwood __Carpet __Tile __Good __Fair Light Fixtures __Good __Fair __Poor __Nonexistent Closet __Good __Fair __Poor __Nonexistent Total Bathrooms _____________ Master Bath Size _________________________ Flooring __Ceramic __Vinyl __Wood __Good __Fair Fixtures __Good __Fair __Poor Tub __Good __Fair __Poor __Nonexistent Guest Bath Size _________________________ Flooring __Ceramic __Vinyl __Wood __Good __Fair Fixtures __Good __Fair __Poor Tub __Good __Fair __Poor __Nonexistent Laundry Room Location _________________________ Washer __Good __Fair __Poor __Nonexistent Dryer __Good __Fair __Poor __Nonexistent Good Close Space __Yes __No __No

Problem Area

__Vinyl Siding __Aluminum Siding

Kitchen

__Yes

Duplicate this page for use as you inspect prospective homes for improvements needed.

Address_______________________________________________

Interior Features

Basement

Renovation Checklist

__ Industry __Doctor/Dentist __Public Transportation

Address____________________________________________ Size ____________ Price_______________ Address____________________________________________ Size ____________ Price_______________ Address____________________________________________ Size ____________ Price_______________

The website: AmeriFirst.com We’re on other social media sites as well.

See interviews with our team & other videos.

Read the blog & keep up with the industry.

Copyright Notice & Legal Notice ©2012 The AmeriFirst Home Mortgage Corporate Office 616 W. Centre Avenue Portage, MI 49024 Feel free to share this (FOR FREE) with anyone you want to. All rights reserved. Source of Information: U.S. Department of Housing and Urban Development (www.hud.gov) While attempts have been made to verify information provided in this publication, neither the author nor the publisher assumes any responsibility for errors, omissions, or contradictory information contained in this document. This document is not intended as legal, accounting or investment advice. The reader of this document assumes all responsibility for the use of these materials and information.

IndyInvestorMagazine.com

51

9775 Crosspoint Blvd., Suite 118 Indianapolis, IN 46256 10816 Sedgegrass Drive Indianapolis

$78,300

BLC#21351638

3 Bedrooms, 2 Baths, 1,033 Sq. Ft. www.tourfactory.com/1342035

115 N Routiers Avenue Indianapolis

$104,900

BLC#21354348

3 Bedrooms, 2 Baths, 1,515 Sq. Ft. www.tourfactory.com/

1017 Waldemere Avenue Anderson, IN

$35,200

BLC#21352229

3 Bedrooms, 1 Baths, 918 Sq. Ft. www.tourfactory.com/1344367

52

9747 E 46th Street Indianapolis

$70,000

BLC#21347985

4 Bedrooms, 2 Baths, 1,944 Sq. Ft. www.tourfactory.com/1334534

6951 Buick Drive Indianapolis

$87,500

BLC#21353318

3 Bedrooms, 2 Baths, 2,520 Sq. Ft. www.tourfactory.com/

10687 N 300 E Morristown, IN

$95,000

BLC#21353294

3 Bedrooms, 2 Baths, 1,196 Sq. Ft. www.tourfactory.com/1345427

IndyInvestorMagazine.com

5352 Traditions Drive Indianapolis

$55,900

BLC#21350091

3 Bedrooms, 1.5 Baths, 1,244 Sq. Ft. www.tourfactory.com/1341908

770 N Belmont Avenue Indianapolis

$54,000

BLC#21351929

3 Bedrooms, 1.5 Baths, 1,524 Sq. Ft. www.tourfactory.com/

5521 S Marietta Main Street Shelbyville, IN

$100,000

BLC#21350369

3 Bedrooms, 2.5 Baths, 1,984 Sq. Ft. www.tourfactory.com/1331659

x, Jeff Silco

Owner

SERVICES Homeseller’s Pre-Listing Inspections

Want a Competitive edge on the housing market? Understanding the condition of your home is important. Silcox Home Inspections, Inc. can help you sell your home ASAP by giving your buyer confidence with fewer surprises in a real estate transaction.

Homeseller’s Pre-Closing Inspections

Silcox Home Inspections, Inc. will walk you step-by-step through the home and assess the property from roof to foundation to identify safety issues and current conditions.

With your thorough home inspection, we will reduce the likelihood of unfortunate and costly discoveries.

Home Warranty Inspections

Most brand-new home builders provide homeowners with a 12-month Builder’s Warranty. Ordering an inspection before the warranty expires gives the homeowner a professionally prepared report to go over with the builder addressing possible issues.

New Construction Inspections

These inspections are completed for home owners or construction lenders during the construction process as part of the quality assurance checks.

Termite Inspections & Radon Testing

Do not leave any stone unturned when inspecting a home for sale or purchase. Damage from termites and exposure to radon can be costly and stressful. Your peace of mind is worth it!

Silcox Home Inspections, Inc. provides a thorough evaluation of your home inside and out:

• Structure and Foundation • Electrical Systems • Plumbing Systems • Roofs and Attics • Water Penetration • Property and Site • Gas Leak Detection • Central Heating and Cooling • Basements and Crawl Spaces • Gutters and Drainage • Walls, Floors, and Ceilings • Porches and Decks

IndyInvestorMagazine.com

It’s More Than Just an Inspection...

It’s Peace of Mind.

Silcox Home Inspections

& Construction Management, Inc. 10906 Brigantine Drive Indianapolis, IN 46256 Ph. 317-710-1456 • Fax 317-284-1456 JeffSilcox1@comcast.net www.SilcoxHomeInspections.com

53

Now is the Best Time to Protect Your Family with Life Insurance Monthly Premiums For.....

250,000 Death Benefits

Age

Female

Male

500,000 Death Benefits

Female

Male

25-35 $9.84 $10.72 $14.00 $15.75

36

$10.06

$10.94

$14.44

$16.19

37 38 39

$10.28 $10.72 $11.16

$11.16 $11.59 $12.03

$14.88 $15.75 $16.63

$16.63 $17.50 $18.38

40

$11.81

$12.69

$17.94

$19.69

41

$12.47

$13.56

$19.25

$21.44

42 43 44 45

$13.34 $14.22 $15.09 $16.19

$14.66 $15.75 $17.06 $18.38

$21.00 $22.75 $24.50 $26.69

$23.63 $25.81 $28.44 $31.06

46

$17.28

$19.47

$28.88

$33.25

47

$18.16

$20.56

$30.63

$35.44

48

$19.25

$21.66

$32.81

$37.63

49

$20.56

$23.19

$35.44

$40.69

50

$21.88

$34.94

$38.06

$44.19

51 52 53 54

$23.41 $24.94 $26.69 $28.66

$27.34 $30.41 $33.47 $36.97

$41.13 $44.19 $47.69 $51.63

$49.00 $55.13 $61.25 $68.25

55

$30.63

$40.91

$55.56

$76.13

56

$32.59

$44.63

$59.50

$83.56

57

$34.78

$48.34

$63.88

$91.00

58 59 60

$37.19 $39.81 $43.09

$52.28 $57.09 $63.00

$68.69 $73.94 $80.50

$98.88 $108.50 $120.31

Free Medical Exam with Application Family and Children Plans Apply Online Donna Petri Call: 317-250-8126 or Email: donna@mvp-insurance.com 54

IndyInvestorMagazine.com

GREEN, WEED-FREE 25% OFF First LAWN, GUARANTEED! ALL-INCLUSIVE PRICING, NO SALES CALL-EVER!

LOCALLY OWNED AND OPERATED •OVER 25 YEARS’ EXPERIENCE

Application Oasis Lawn Service 317-565-2582

COMPREHENSIVE TREATMENT PLAN THAT INCLUDES: Fertilizer Weed Control Insect Control Disease Control

Not valid with other offers or prior services.

Offer expires 3-21-14.

FREE

Final Application with annual program

Oasis Lawn Service 317-565-2582

W W W . O A S I S I N D Y. C O M

Not valid with other offers or prior services.

Offer expires 3-21-14.

“Looking to buyto a home oraan investment property?

Call the Heller Team.

“Looking buy home or an investment property?

Let the experience of 20 years in the industry work for you!”

Call the Heller Team.

David Heller Associate Broker Let the experience of 20 years in the Stacy Heller Realtor industry work for you!”

Heller Team Realtors

9775 Crosspoint Blvd., Ste 118 Indianapolis, IN 46256 Office: 800-276-8941 ext 714 Cell: 317-690-0591 Fax: 866-469-4882 StacyH@AtlantisRealtyGrp.com www.AtlantisRealtyGroup.com

STACY HELLER ASSOCIATE BROKER

HellerTeam@AtlantisRealtyGrp.com

317.402.0779 (C)

IndyInvestorMagazine.com

800.276.8940 ext 713

55

9775 Crosspoint Blvd., Suite 118 Indianapolis, IN 46256

Feature

965 N Maiellen Drive Greenfield, IN

9344 Aberdare Drive Indianapolis

8645 E 96th Street Indianapolis

$164,900

BLC#21332184

4 Bedrooms, 2.5 Baths www.tourfactory.com/

$599,900

BLC#21032972 Updated Home with solid Bedford Stone construction, lot is .75 acres - An Excellent opportunity for in home business. All New windows in 2009. Newer furnace, a/c, water heater and water softner.

7224 Studevent Road Nashville, IN

$94,900

BLC#21328593

3 Bedrooms, 1.5 Baths, 1,144 Sq. Ft. www.tourfactory.com/

Feature

526 N Oakland Ave. #A Indianapolis

$76,000

BLC#21346719

2 Bedrooms, 2 Baths, 1,120 Sq. Ft. www.tourfactory.com/1322350

5804 Long Ridge Place Indianapolis

$153,900

BLC#21336496

4 Bedrooms, 2.5 Baths, 2,780 Sq. Ft. www.tourfactory.com/1295036

409 S Butler Avenue Indianapolis

$63,000

BLC#21317467

3 Bedrooms, 1 Baths, 2,600 Sq. Ft. www.tourfactory.com/1237688

IndyInvestorMagazine.com

$60,300

BLC#21337551 This 3 bedroom 1.5 bath home is centrally located and near shopping and 1-70 interstate.

Large home - with 2,544 square feet - offers seperate dining room and enclosed porch. Come make this home yours today!