FINANCING

Financing investment property can be a little more challenging than financing your own home. If you do create an entity to own the property, you may nonetheless have to purchase the property in your own name(s) so that you can obtain a loan. Lenders do not want to make loans to new entities with no financial history. The title can usually be transferred into the entity’s name then after closing, but you want to make sure that is acceptable to your lender. Lenders generally require more money down and offer only higher interest rates to investors than are offered for owner occupied properties. If you are looking to buy commercial property (non-residential or residential property with more than four units) then you will need to seek financing from lenders who offer commercial loans. Your bank might be a good place to start shopping for that kind of financing. We at Porter House Realty can also help you find lenders for the type of property you are thinking of buying. Investment Strategies >>>   1031 Exchanges >>>   Investment Analysis >>>   Property Management >>>   Separate Entity >>>   Selling your Investment Property >>>   <<< Back