“Find a Lender Or A Realor First?”
There are lots of reasons for taking the plunge and investing in your first rental property. They tend to provide a steady cash flow with potential passive income, several tax benefits, portfolio diversification, investment appreciation, and leverage when buying future properties if you want to keep investing. While there can be some barriers to getting your first investment property, plenty of potential buyers are able to navigate them. Since an investment property is considered higher risk than a primary residence, lenders want a higher credit score, more down payment money, and will charge a higher rate. A major benefit is that most lenders will allow you to use 75% of the fair market rent to help qualify for the loan.
Given the right circumstances, investing in real estate can be a rewarding experience. If you’ve given careful thought to this endeavor, we’d be happy to discuss some of the details that can help make being a landlord a successful venture for you. Whether you are buying or selling any type of real estate, you can count on us for knowledge, commitment, and uncompromising service. Call or stop by to find out about our current listings.
“OUR SUCCESS HAS BEEN BUILT ONE SATISFIED CUSTOMER AT A TIME.”
