Frequently Asked Questions

Is now a good time to buy real estate?

If you have the knowledge and ability to buy and hold property, now is an absolutely ideal time to buy real estate while prices are so low.

What is your minimum?

We start at $10,000

How can you pay 12% interest?

With the fund being available to close quickly we can get deep discounts when buying properties.

Will my interest rate ever change?

No, once you loan the money the rate is locked until the loan is paid off.

Where does the money come from to pay the interest?

We will not do a deal unless the rent covers all payment and produces a net income.

Is my investment safe?

You are provided a note, title insurance, mortgage, and insurance policy at closing. Also, all properties do not go over 65% LTV.

What is LTV?

Loan to value is the amount of the loan in relation to the appraised value of the property.

When do I get paid?

We can set you up on quarterly, monthly, or annual payments.

Who does the paperwork?

We provide the information to the title company and they prepare all the documents for you to review and sign. The title company then has the mortgage recorded with the county and is returned to you.

Are you experienced in this?

We have been buying and rehabbing properties with private and conventional funding for nineteen years.

What if something happens to the property?

The property is insured with you listed as mortgage holder. Any claims are paid to you and Cireco Properties, LLC.

How long is the term of the loan?

The minimum we like is five years but we can work with shorter time frames.

Do you ever pay the loan off early?

Yes, then it is your option whether to invest in another property again.

Can you use my IRA money?

Yes, IRA money can be used to invest in real estate through a self directed IRA.

Is it hard to invest through my IRA?

No, a qualified plan administrator can provide all the information you need and provide you help as needed. We recommend Equity Trust Company but you can use whoever you prefer.

What kind of properties do you buy?

We buy single or two family homes that are in need of repair or updating.

Are you qualified to repair houses?

I have been a licensed builder in the state of Michigan for 19 years and have many qualified sub contractors to perform the required repairs.

Who do you buy houses from?

We buy from banks and private owners.