By Gustavo Perona
Understand investment property as a real estate property that has been purchased with the intention of obtaining a return on investment can be as rent, the future resale of the property, or both. An investment property can be a long-term effort, such as an apartment building or a short term investment.
While the prices are good, the days of quick and easy financing are over, and tight credit market can make it difficult to obtain loans for real estate investments. However, there is some good news if you are ready to seek financing for residential investment property, some tips can improve your chances of success. A little creativity and preparation can bring loans available to many real estate investors.
- Having a substantial initial amount: The ideal is to have 25% to qualify for a better interest rate. Note that the mortgage insurance does not cover investment property.
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