She was a three-unit small apartment located in a great location, with stable tenants, and an ugly paint job. This triplex, which I call “Cherry Street,” was close to becoming the newest addition to my growing rental portfolio, but with investment property loans Cherry Street I was about to do something I had never done before: start looking at investment property loans.
You see, before Cherry Street, I had only used conventional home mortgages, seller financing, and hard money lenders to invest in real estate. However, Cherry Street was purely a cash flow beast that I was hoping to buy, re-paint (please!) and hold on to for retirement.
However, as I began shopping around for a mortgage, I quickly realized that the process was not going to be the exact same as it had been in the past. What I soon realized was that investment property loans are slightly different than your typical home mortgage in several ways (but similar in several ways as well.) The information below contains a lot of the things I learned in my quest for the best investment property loan, and enabled me to get a great loan, with a great rate, from a great lender. It is my hope that this article does the same for you.
This article is going to look at exactly what a investment property loans are, the difference between and investment loan and a typical mortgage, tips for qualifying for an investment loan, and where to find the best loan for your real estate investment.
