Getting an investment property loan doesn’t have to be pure nightmare fuel.
You’ve heard the nightmare stories about trying to get an investment property loan: speaking to dozens of money lenders, jumping through hoops, racing against the clock to get all of your paperwork in, then waiting months only to hear that you’ve been rejected. Yeah…it’s a real-life nightmare that will haunt your dreams.
Once you read this, you’ll become a rental property loan expert! If you are thinking about dipping your toe (or foot or entire body) into the rental property pool, you’ve probably read, heard, or seen the term “rental property loan.” “Rental property loan?” you may have thought. “What do those words even mean?” We got you, boo. First things first, let’s answer the question, “What is a rental property loan?” Great question, glad you asked. Also known as an investment
Think you can’t get an investment property loan when you’re self-employed? Think again
We have no idea how or where or why it got started, but for some reason people have it in their heads that if you are self-employed then it is impossible to secure an investment property loan to buy real estate. Well that’s just a bunch of poppycock and gobblygook.
The moment you decide to invest in a rental property is the moment when you need to get a rental property loan. And here’s how. Hey, you! No…not you… the other person reading this. Yes…YOU! We heard you want to invest in a rental property. Smart move. Owning rental properties area great way to generate a passive income stream that can help you from now until retirement, not to mention that it diversifies your investment portfolio and creates an asset
