When it comes to buying a real estate investment property, the first deal is the hardest. I know this from personal experience. I kept seeing tax returns coming across my desk and seeing the rewards rental properties was bringing my borrowers. I ask myself, what do they know that I don’t? Knowing! They are just doing it.
Well sometimes it may not be that simple, but it can be if you have the right people working with you and gather the correct information. I know that financing your first investment property can be a bit daunting. If you working with a knowledgeable loan officer that not only a season investor, but has a good company with the right products, the process can be less painful. So if you are concerned about financing your first property, here are some tips that make help you gather more information.
The links below can help you understand some of the things consider when purchasing an investment property for cash flow income:
GETTING STARTED WITH INVESTMENT PROPERTIES
6 REASONS TO BUY AN INCOME PROPERTY
WHY IS MY RATE HIGHER ON AN INVESTMENT PROPERTY LOANS?
PUTTING YOUR RENTAL PROPERTY INTO AN LLC.
WHAT TO EXPECT WHEN BUYING A TURNKEY PROPERTY?
WHAT ARE MY DOWN PAYMENT OPTIONS FOR A SINGLE FAMILY PROPERTY?
FANNIE MAE DIRECT MULTI PROPERTY PROGRAM UP TO 10 LOANS PER BORROWER
NON-SEASONED! CASH-OUT REFINANCE LOAN PROGRAM
SHORT TERM ESCROW HOLDBACK PROGRAM
HRM INVESTOR REHABILITION LOAN PROGRAM
DSCR INVESTOR SOLUTION – NO INCOME VERIFACATION
SMALL MULIT-FAMILY APARTMENT LOANS (5 – 24 UNITS)
QUESTIONS TO ASK THE MANAGEMENT COMPANY BEFORE YOU HIRE THEM