Obtaining a mortgage for investment properties is a challenging and stressful process in the current market. Lenders have strict requirements for borrowers, such as having a high credit score and sufficient funds. Funds refer to the amount of money you have available for the down payment, closing costs, and reserves. To solve this problem, we work with private lenders who are more likely to invest on the borrowers wanting to generate rental income.
How does borrowing to create rental properties help you?
- An asset that can be liquidated in the event of a financial emergency.
- The cost of the asset can be paid by rent generated.
- Rent generated over and above the mortgage cost will supplement your monthly income.
- Equity generated can be used to purchase more rental properties.
- Creates wealth.