CategoryFinancing

What is the best loan to get when flipping a house?

This is a great question, and I wish I would have found a better answer to this question when I first started flipping houses.  I relied on my own cash, and various forms of unsecured personal lines and loans which, of course, negatively impacted my credit until I flipped the house and paid off the debt. Now that I’ve been a real estate investor for six years, in my opinion, hard money is the...

Can you buy a rental property with less than 20% down?

Can you buy a rental property with less than 20% down?  Yes, you can.  There are two main reasons why real estate investors want to acquire rental properties without the standard 20% down payment: they don’t have 20% to put down, or, they do have the 20% down payment, but they don’t want to tie up their cash. Well, fret not.  I’m going to show you how to avoid a 20% down payment on a rental...

HOW TO GET A RENOVATION LOAN TO FLIP A HOUSE

Despite how exciting real estate investing can be, knowing how to get loans for flipping houses can be frustrating.  You certainly don’t want to end up with a vacant half-rehabbed property that you can’t finish because you ran out of money. The good news is there are a variety of ways you can get loans for flipping houses, so let’s figure out what they are. Unsecured personal loans & lines of...

HOW TO DO 100% FINANCING ON AN INVESTMENT PROPERTY

I get it.  Whether you’re just starting out in real estate, or you have a few properties under your belt, you want invest with as little money out of pocket as possible, so doing 100% financing for an investment property seems very appealing.  I completely understand. Well, the good news is there are a number of ways to do 100% financing for an investment property, and that’s exactly the topic at...

INVESTMENT PROPERTY LOANS WITH NO OR LOW DOWN PAYMENTS

If you’re like me, and I imagine most other real estate investors, you want to invest in real estate with as little money out-of-pocket as possible.  The great news is there are a number of ways (yes, realistic ones) that you can get investment property loans with low down payments or possibly even no money down. Investment property loans no money down The only no-money-down investment property...

FHA, VA OR USDA LOAN FOR AN INVESTMENT PROPERTY

Government-backed loans can be a great way to get started in real estate investing.  USDA and VA loans offer 100% financing, and FHA loans aren’t far from that with down payments as low as 3.5%.  So, can you get a FHA, VA or USDA loan for an investment property? Yes, but it depends. Before we discuss how these different loan options would work for an investment property, let’s make sure we...

CAN YOU GET A MORTGAGE FOR A RENTAL / INVESTMENT PROPERTY?

Are there mortgages available for those of us buying up (or wanting to buy up) investment properties? Yes, absolutely. In this post, I’m going to share a few quick tips on rental property mortgages.  I also suggest you check out an extensive post I’ve written on the topic of loans for investment properties. Alright, let’s get started. What kinds of mortgages are available for rental (investment)...

HOW DOES A CASH-OUT REFINANCE OF AN INVESTMENT (RENTAL) PROPERTY WORK?

Cash-out refinancing may possibly be the best tool available to you as a real estate investor. By the end of my first two years investing in real estate, I purchased nearly 40 rental properties which would not have been possible without having cash-out refinancing at my disposal.   In this blog post, I’m going to provide an answer to the question, “How does a cash-out refinance work?” and why you...

WHAT’S THE MINIMUM DOWN PAYMENT FOR AN INVESTMENT PROPERTY?

Let’s talk about what an investment property down payment might look like.  In order to understand the down payment required for an investment property, we need to look at the different ways an investment property can be financed.   Many folks who are just beginning to invest in real estate imagine that the only way to acquire investment properties (outside of paying cash) is to get a bank...

INVESTMENT PROPERTY LOANS: A COMPREHENSIVE GUIDE

Regardless how long you’ve been a real estate investor, at some point, you’ll be looking into taking out investment property loans.   The great thing is there are quite a few investment property loans and other financing options available to real estate investors to help us build wealth and financial security. My goal for this post is to really cover the topic of investment property loans &...

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