Review Etowah Financial, LLC In cherokee, georgia, united-states

1 Votes

1 Votes

Etowah Financial, LLC

Cherokee,

Georgia,United-states - 30107

Detailed description is Etowah Financial, LLC is a financial services company dedicated to the Real Estate industry, primarily in the rehabbing of single family homes.
“Passive” Real Estate Investing Using Trust Deeds”.
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DISCLAIMER: This is NOT an offer to sell or a solicitation of an offer to buy any securities, and may not be relied upon in connection with the purchase or sale of any security.
Bridge notes secured by deeds of trust are NOT insured by the FDIC or any government agency.
As with all investments there are inherent risks and due diligence should be performed, so talk with your accountant or attorney before making any investment decisions.
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In today’s uncertain world investors are looking for security, .
return on investment and perhaps cash flow.
I don’t want you .
to think about being a Real Estate investor.
What I am talking .
about is an investment vehicle secured by Real Estate.
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What I mean by “passive” real estate investing is a way to .
make money in real estate without having to look for .
property, deal with contractors, realtors, tenants, vacancies, .
vandalism, etc….
People who do that are Real .
Estate investors and you need a lot of time, money and very .
thick skin to do that on your own..
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There are established companies in the country such as Home .
Path Financial, LP that buy, rehab and sell foreclosed property.
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This is commonly known as “flipping”.
In today’s upside down .
Real Estate market this is one of the few ways that people are .
actually making money in Real Estate.
Perhaps some of you .
have seen or heard of the television show “Flip This House”?.
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These rehab companies will pay investors returns in the 8 -10% range for the use of the money, all secured by the Real Estate that is purchased.
What I’m talking about is making money just like a bank does, with all the same protections and security that the bank has, except with a MUCH higher return.
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There are seven ways that the money is secured.
First a Loan Agreement is executed outlining the amount borrowed and the agreed interest rate.
Also an Escrow Agreement is executed setting up an independent, 3rd party, Escrow Account in the lenders name or the name of their Self-Directed IRA.
After the Loan Agreement and Escrow Agreement are executed by both parties, the borrower also executes a Master Deed of Trust.
The Master Deed of Trust acts like an umbrella over the whole investment.
At this point the lender wires their money, not to the borrower, but into the escrow account.
These are the first three levels of security.
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This is commonly known as Trust Deed investing.
Trust Deeds evidence a mortgage loan secured by a Promissory Note.
At the closing of the first property the Promissory Note is executed for the full amount invested and outlines the interest rate, term and length of the contract.
This is the fourth level of protection.
This is the most common way to structure real estate purchases, where the title to a property is held in trust until the loan for the property is paid.
The individual or SDIRA is the lender, the rehab company is the borrower, and a Promissory Note is executed for the interest rate, amount and term of the contract.
The lender is also issued a Supplemental Deed of Trust for each individual property purchased.
This is the fifth level of security.
There is no co-mingling of investor funds and each loan is in 1st position.
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Property values generally run in the 100-300K range and are only purchased in good neighborhoods and subdivisions.
This is the “sweet spot” for Real Estate and makes them very marketable.
When the rehab company finds a property they want to buy, the lender is notified that monies will be withdrawn from the Escrow Account to cover the purchase and rehab of the house.
The lender has to sign off on this so funds cannot be withdrawn from the escrow account without the lenders written approval.
This also puts the lender on notice that they will soon be receiving the recorded 1st lien Trust Deed, ALTA Title policy and Liability Insurance policy in the mail.
The title policy and liability insurance policy are the six and seventh levels of security for the lender.
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Upon completion of the repairs the house is immediately listed for sale.
Upon sale the funds are returned to the escrow account.
The cycle typically runs 90-120 days.
If after 120 days the house has not sold, the price is reduced for quick sale, and the company moves on to the next project and the cycle begins again.
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The borrower, the rehab company, pays all costs.
Closing costs, Title insurance, liability insurance, etc.
There are no costs or fees, of any kind, to the lender.
No management fees, no annual fees, no service fees.
The borrower will even pay the $300 yearly fee to maintain the lenders escrow account..
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As I mentioned earlier the yields on these simple interest loans generally run from 8-10% A.P.R.
These rates are different from company to company but are usually determined by the amount invested and the term of the contract.
Contract terms are usually 12 or 18 months and are renewable.
Most lenders do renew these contracts because the returns are so good, and some retirees like the cash flow.
The lenders will have their interest payments made directly into their personal or SDIRA accounts, by direct deposit, on the first of each month.
Using an SDIRA account to fund these projects allows the interest to grow tax free and the account to grow much faster than with a traditional investment strategy..
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I want to give you two examples.
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First, if someone were to invest $100,000, for 12 months, at 8% A.P.R.
they would receive..
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A direct deposit on the 1st of every month for $666.67.
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Total of $8,000 income for the year .
3.
Return of the $100,000 at the end of the contract.
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A second example would be if someone were to invest $300,000, at 10% A.P.R., for 18 months.
It’s a larger investment for a longer term than the first example, so the interest rate is higher.
They would receive..
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1. A direct deposit of $2,500 on the 1st of each month..
2. A total of $45,000 in income for the 18 month period.
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3. Return of the entire principal investment of $300,000 at the end of the contract..
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The rehab company will call the lender about 3 months before the contract is due to expire and ask the lender if they plan on renewing.
If the lender decides not to renew, all draws from the escrow account cease, and any remaining projects are completed and the properties sold.
Again, full principal investment is returned at the end of the contract..
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This is an excellent way to get very attractive returns, diversify a portfolio and get cash flow, which is very important for retired people who need to get a better return to supplement social security.
It is an excellent way to replace under-performing IRA’s or 401K’s, which typically make in the 3 - 6% range and have various fees and charges which actually reduce that return.
For anyone currently in “safe havens” like CD’s or Treasuries this investment will pay 6 to 8 times what you are currently earning..
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To summarize, the seven levels of security are:.
1. Loan Agreement.
2. Escrow Agreement.
3. Master Deed of Trust.
4. Funds held by independent 3rd party Escrow company.
5. Supplemental Deed of Trust for each specific property.
6. ALTA Title policy for each property.
7. Insurance policy with lender as loss payee.
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This is a great investment for Self-Directed IRA’s, as it is a truly passive investment strategy and fully allowable under IRS regulations.
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Lastly I would like to add that this is a very pro-American, pro-jobs investment.
Several things are accomplished that contribute significantly to our economy.
First we are clearing inventory and increasing the value of all the homes in the neighborhood.
Secondly, we are putting the construction folks, painters and landscapers back to work.
We are also buying fixtures and new appliances.
Third we are putting Realtors to work by giving them beautiful, newly renovated homes to sell.
And lastly we are putting mortgage brokers back to work arranging financing for the purchase of the property to qualified borrowers.
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Established in the recent years Etowah Financial, LLC in cherokee , georgia in united-states.


This is a well known establihment acts as one-stop destination servicing customers both local and from other of the city.

Over the course of its journey , this business has establihed a firm hold in the [category].

The belief that customer satisfaction is an important as it products and services , have helped this establihment garner a vast base of customers and continue to grow day by day

Foods is provided with high quality and are pretty much the highlight in all the events in our lives.

Sweets and food are the ideal combination for any foodies to try and this Etowah Financial, LLC is famous for the same.

This has helped them build up a loyal customer base.

They have started a long journey and ever since they have ensure the customer base remains the same and growing month on month.

As they are located in favourable location , becomes the most wanted space for the tourist.

For any kind and assistance , it is better to contact them directly during their business hours.

Premises has a wide parking area and need to avail special permissions for parking.

Pets inside the premises are not allowed and require additional permission.

Cashless payments are available and extra charges for the credit cards are levid.

They are listed in many of the food delivery networks for home delivery with appropriate charges.

They accept cards , cash and other modes of payments

Tips are not actually encouraged but customers are willing to offer any benefit as needed.

There you can find the answers of the questions asked by some of our users about this property.

This business employs inviduals that are dedicated towards their respective roles and put in a lot of effort to achieve the common vision and goals.

It is a effortless task in communiting to this establishment as there are various modes available to reach this location.

The establishment has flexible working timings for the employees and has good hygene maintained at all times.

They support bulk and party orders to support customers of all needs.

Qus: 1).what is the mode of payment accepted ?

Ans: Cash , Credit Card and Wallets

Qus: 2).What are the hours of operation ?

Ans: Open all days mostly from 9:30 to 8:30 and exceptions on Sundays. Call them before going to the location.

Qus: 3).Do they have online website?

Ans: Yes . They do have. Online website is - Click Here

Qus: 4).What is the Latitude & Longtitude Of the location?

Ans: Latitude of the location is 34.306671 Longtitude of the location is - -84.253494

Qus: 5).What is the phone number Of the location?

Ans: Phone number of the location is - (770) 842-2015

Qus: 6).What is the email of the business?

Ans: Email address is - bruce@atlantaprivatelending.com