Augusta
VIP Contributor
Sometimes you don't have to depend on just savings to get funding for your investment property. You are an investor you should always look for different ways of funding your investment
The fact now is that loan guidelines and underwriting standards have been on a consistent change over the years. But then some things are still constant and when you put them in place you can have your funding almost immediately.
So how can you quickly get the funding for your investment property,
Have a strong credit score, you can never go wrong with this.
Provide a reasonable down payment
Have a good amount of reserves
Have a low debt to income ratio: this means that your income should exceed your debt by a lot more margin. This is to show the tendency to make a repayment
You also need to be able to wait up to 45 days for the loan application to be accepted.
The good thing now is that more people are becoming interested in real estate investing, so it is less difficult now to find a partner to invest with.Though financing an investment property seems like a big hurdle, but it is something one can achieve with the right information and strategies.
The fact now is that loan guidelines and underwriting standards have been on a consistent change over the years. But then some things are still constant and when you put them in place you can have your funding almost immediately.
So how can you quickly get the funding for your investment property,
Have a strong credit score, you can never go wrong with this.
Provide a reasonable down payment
Have a good amount of reserves
Have a low debt to income ratio: this means that your income should exceed your debt by a lot more margin. This is to show the tendency to make a repayment
You also need to be able to wait up to 45 days for the loan application to be accepted.
The good thing now is that more people are becoming interested in real estate investing, so it is less difficult now to find a partner to invest with.Though financing an investment property seems like a big hurdle, but it is something one can achieve with the right information and strategies.
