Private Money Lending and the Investment Property Loan

When you start looking for your next investment property, you will undoubtedly find that locating an investment property loan is not as effortless as it once was. There are a lot of companies funding loans for investment properties and you can definitely get approved, but you will need to take note of the current expectations of lenders.

The days of no down payment or low cash down options are a thing of the past. You’ll be expected to put 20%-30% down and you will need to have good credit. If your credit is decent, but not fantastic, then expect to put even more cash down. Is it still possible to obtain an investment property loan without a down payment? Actually, yes, but these loans are typically obtained from a commercial lender that will accept cross collateral (a lien on an additional property that you already own) instead of a down payment.

Your best bet will be to look for a mortgage broker that specializes in investment property loans in your area. They will typically know of all the lenders that offer financing options that will meet your requirements, and will be able to assemble the best deal for your situation.

In addition to knowing the best financing options, they may also have other clients that both purchase investment property and fund private investment property loans themselves. Savvy lenders will often have some private lenders in their pocket to bring in when conventional loan options are not available.

Private lenders often have funds on deposit in a self directed IRA account specifically for backing private notes for individual investors that cannot get a conventional investment property loan. Depending on the interest rate they request, this could be a win-win scenario for everyone involved, so stay open-minded.

Be sure to ask around, search the web, and locate the best options for you. Don’t get frustrated if you are unable to find the perfect solution right away. The best option for you may exist in a single relationship that is right under your nose. Do your research, understand your boundaries, and take it at your own pace.

Banks face two-front war on bad mortgages, flawed foreclosures

November 11, 2010 by  
Filed under Private Money Lending

United Rentals Plans Debt Amid Rising Volume: New Issue Alert
United Rentals Inc. , the equipment- leasing company with more than 550 locations, is marketing debt as corporate bond sales jump 87 percent from the similar period last week amid better-than-expected third-quarter earnings.

Read more on Bloomberg

U.S. Stocks Advance on Earnings Optimism
Indexes rallied on higher-than-estimated results at Boeing and Yahoo and speculation the Fed will inject more money into the economy

Read more on BusinessWeek

Banks face two-front war on bad mortgages, flawed foreclosures
On one front, U.S. homeowners are challenging the banks’ right to foreclose because of sloppy paperwork. On the other, investors who bought mortgage bonds are demanding refunds that could approach $200 billion because the underlying loans are flawed.

Read more on Minnesota Public Radio

Gaithersburg Maryland Hard Money Lender

November 8, 2010 by  
Filed under Private Money Lending


Gaithersburg, Maryland Hard Money Lender We are a Gaithersburg, Maryland hard money lender. This is a loan we did in May 2010. For more information visit www.hardmoneybankers.com

Commercial mortgage for apartment building . . .?

November 8, 2010 by  
Filed under commercial mortgage lenders

Just wondering if any of you may know about this . . . I am interested in buying an apartment building. In order to be approved for the loan, do they base the decision off of the cash flow of the apartments, or my salary? Or both?

Also, if the cash flow is excellent, is it possible to get a less than 20% down payment? Thanks!

hard money lenders that lend regardless of employment credit rating etc…?

November 8, 2010 by  
Filed under Private Money Lending

looking for a hard money lender that will lend money at low rate

Know More About Commercial Mortgages

November 8, 2010 by  
Filed under commercial mortgage lenders

Sadhana D, Expert Author, Platinum status. For more information on Commercial Mortgages: Commercial Mortgages

Information on Lenders for Hotel and Guesthouse Finance: Lenders for Hotel and Guesthouse Finance

Hard Money Financing: The Advantages of Borrowing from Hard Money Lenders

November 7, 2010 by  
Filed under Private Money Lending

For more Real Estate Learnings go to: RehabHardMoney.com
You can also follow me on Twitter: REIwithCarrie

Hard Money Lenders Help in Rehabbing Houses

November 7, 2010 by  
Filed under Private Money Lending

REIWIRED: The Helping Hands of Hard Money Lenders

November 7, 2010 by  
Filed under Private Money Lending

REI Wired is the pinnacle of real estate education by serving high-quality content through high-quality videos. Sign up only takes a minute and you can start right away! Learn More

Bank of America: Getting More Comfortable with Putback Risk?

November 7, 2010 by  
Filed under commercial mortgage lenders

Canada Building Permits Jump 15% in September, Recouping August’s Decline
Canadian building permits jumped 15.3 percent in September, rebounding from a decline in August, led by single-family houses and offices.

Read more on Bloomberg

Some home truths about banks
DO voters really think it’s a good idea for the Federal Government to regulate the commercial decisions made by private companies?

Read more on The Courier Mail

Bank of America: Getting More Comfortable with Putback Risk?
Bank of America chief Brian Moynihan’s legal background (Notre Dame Law School) is coming in handy in the top post in charge of the largest U.S. bank by assets.

Read more on Wall Street Journal Blogs

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