Basic Investor Loan Types
Investment loans……What is your strategy?
THESE ARE ALSO CALLED NON-OWNER OCCUPIED LOANS
Below is a brief summary of how to finance Texas investment property.
1. The 3 basic sources of investor loans and solutions
a. Bank (local) financing (typically for short term solutions)
b. Private/ hard money (again, short term for rehab or quick acquisitions)
c. Long term financing/mortgages: (for purchase of currently occupied or move in condition properties. We use to refinance bank and private money loans)
2. How we can help overcome common problems associated with investment property financing.
Some problems you may have faced in the past for investment property loans:
No limit on number of properties (you have more than 10, more than 20) bank (local bank or hard money)
seller carried 2nds to 100% CLTV (you want 0 down) hard money
no landlord experience (new investors)
no reserve requirements (lender stated you lacked proper reserves)
no job verification ( we have no documentation investment loans)
3. We are investment loan consultants and offer Quick analysis of the initial financing decision:
NOTE: READ BELOW ON HOW TO OBTAIN RENTAL PROPERTY WITH VIRTUALLY NOTHING OUT OF POCKET AND HAVE 20-30% EQUITY THE DAY YOUR RENTER MOVES IN!
Short term/rehab loan: you need an investment loan to acquire property to rehab
And sell. Maybe you need a loan to secure your investment real estate
To fix and turn into a rental.
REHAB TO RENTAL: Let us show you how to acquire with private money or bank money. Then let us refinance your bridge loan into long term financing for Texas rental property.
Long term financing: You found a property that is ready for renters or is currently occupied by renters. You need to be pre-approved.