f you are a buy-and-hold investor seeking to grow your portfolio to include 20, 30, 50, 100+ units, there is awesome news for you in the market place. As of last year, Freddie Mac decided to jump into the single-family rental (SFR) space and begin funding larger-scale rental portfolios. This is exceptionally exciting, especially considering the additional... Continue Reading →
Forget Everything You Know: 15-Year Mortgages Are Best for New & Intermediate Investors
First and foremost, most investors should make an effort to build relationships with smaller, local banks. These banks generally only loan 15 or 20-year money and offer: Quicker turnaround Flexibility on credit score based on personal relationships Knowledge of local markets Networks of local attorneys, real estate agents, contractors, insurance agents, and other professionals The... Continue Reading →
What Newbies Should Know About Financing Investment Properties (Versus Homes)
Think getting a loan for an investment property will be as easy as your home mortgage? Think again. Lenders are far more strict in their underwriting of investment properties and require more money down. Why? Simple: Borrowers will always default on their investment property loan before they default on their home mortgage. With higher risk... Continue Reading →