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4 tips in buying investment properties

August 21st, 2017 9:53 AM by Sam Kader

Have you been thinking of diversifying your portfolio in real estate and enjoy positive Return on Investment?  Here are some tips for you to consider:

Tip 1
- Make a sizeable investment down payment. Since mortgage insurance won't cover investment properties. You will need to put at least 20% down payment; preferably 25% to obtain an even better interest rate.  
Tip 2 - Review your credit score preferably at least a score of 740 or higher. If you have multiple rental properties, reserves are required for each property.
Tip 3 - Go with your local mortgage brokers such as myself. We have multiple programs with various lenders that will fit your requirements. Here are more reasons why you should go with a local mortgage broker than national lenders.
Tip 4 - Think creatively. Draw HELOC, credit cards to have the down payment and perhaps renovation. Even consider Peer-to-peer lending sites such as Prosper and Lending Club which connect investors with individual lenders.
Posted by Sam Kader on August 21st, 2017 9:53 AM



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