FAQs
Explore some of our most frequently asked questions about our home buying program.
This would be taxed as short term capital gains.
We carry an insurance policy on all of our properties that protect the value of the asset. Your recorded mortgage on title protects your ownership and investment if your loan was not properly serviced.
Your loan is never leveraged on an asset higher than 75% of what it can be sold for; meaning unless some catastrophic events take place, your short term loan is well protected by a high margin. Even in the roughest years of the real estate market, it still takes quite a bit of time for prices to fluctuate that high of a percentage.
If your loan is not being paid every month, you are legally allowed to foreclose on the property and take ownership. Your mortgage is attached to the title which is recorded on county records.
You are directly tied to the title of the property via a note and mortgage which is recorded on title so that your loan is backed by a hard asset that doesn't have an expiration date.
- We have a call together to go over our loan options and what goals you are trying to reach with us.
- We then present our loan sheet to see if it aligns with your goals.
- Simply email us a filled out W9 and ACH instructions for your bank so we can send you monthly payments.
Some of our properties are available to rent-to-own, it just depends on the property.
Our company creates the mortgage for you just like a big bank, without having to jump through all the hurdles. You get the deed at closing and become the owner on the title, which is recorded at the county courthouse.
Yes, multiple people can be on title and we do accept co-signers on our loans.
We don't check credit or job history; we only look at verifiable income.
- First thing is to make sure you like the house by walking through it.
- We will agree to numbers that fit your budget as best as possible.
- We then order the title search and prep the attorney to get ready for closing (2 week process)
- Our team will verify your income to make sure the household income is 3 times greater than the monthly payment.
- We will coordinate you with our insurance agent to have a new owner's policy in place.
- Then we close and set you up on our payment software.
All of our sellers are able to choose the closing date of their choice. Once we have a clear title search, our company is prepared to close.
Our Transaction Coordinator will be in contract with you via call, email, and text throughout the entire process.
- We get 30 pictures of the house from you
- We then have an inspector come and inspect the house on the day of your choice.
- If we need a couple rehab bids, we will have 3-4 contractors walk the house as well (when it's a big rehab)
- We pay our title attorney to pull a title search to verify ownership and liens.
- We will coordinate with you on all documentation and hold your hand through the process.
Yes, here is our link: https://www.bbb.org/us/tn/gallatin/profile/house-flipping/hickory-ridge-homes-0573-37365531
You will need to find a mortgage statement and ask your mortgage company for a payoff letter.
Yes, we can buy any house.
Yes, our team has a collective over 25 years of home buying experience. We buy houses over 8 states currently and growing.
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