When it comes to buying a real estate investment property, the first deal is the hardest. I know this from personal experience. I kept seeing tax returns coming across my desk and seeing the rewards rental properties was bringing my borrowers. I ask myself, what do they know that I don’t? Knowing! They are just doing it.
Well sometimes it may not be that simple, but it can be if you have the right people working with you and gather the correct information. I know that financing your first investment property can be a bit daunting. If you working with a knowledgeable loan officer that not only a season investor, but has a good company with the right products, the process can be less painful. So if you are concerned about financing your first property, here are some tips that make help you gather more information.
The links below can help you understand some of the things consider when purchasing an investment property for cash flow income: