Financing For Rental Props????
I was wondering if there are any special loans that will allow you to buy an investment property with very little down. I want to start buying some properties but do not have much money for down payments. Any suggestions would be great!!!
yes there are programs out there for 5% down
Look under the Lenders Tab at the top of this site.
I have been reading a book written by Dolf de Roos & foreworded by Robert Kiyosaki called Real Estate Riches. In the book Dolf said he had a book specifically for mortgages called Mortgage Magic. Based on this book I would say that it is probably a good book to answer any mortgage questions!
Best Wishes
Tom Stewart
[addsig]
Most traditional loans for Non Owner Occupied homes want 20% down and good credit!
My advice would be: Wholesale for a little while and make some quick cash While learning...so you can have some cash to put down!
A lot of Seasoned Investors who own properties (no sub2...) with Mortgages usually have a few properties that they use the equity in one of them to put down on a new non-owner occupied property!
Hope this helps