Financing Investment Property

| January 18, 2008 | 1 Reply

If you are a real estate investor, you likely know what it’s like trying to find financing for your next deal.  Depending on your financial situation, this could be easy or extremely difficult.  Especially with foreclures still running high, some banks have tightened their lending policy.  So what are the options for financing properties during these tough times?  The truth is that there are no limits on how you decide to get your property financed.  In many cases, you don’t even need a bank to get the money you need. 

Other options for financing property are mortgage brokers, hard money lenders, and the seller themselves.  Although I personally choose to get my financing through banks, these other sources of financing are useful when bank financing doesn’t make sense.  Tomorrow I will discuss my opinions on each type of financing.  Today I’m interested in hearing your experiences with these different types of financing.  What works for you, and does it make sense in the long run?

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Category: Interest Rates, Investing, Real Estate

About the Author ()

Rob Myrick is a entrepreneur, web designer, and blogger who resides in Phoenix, Arizona. He works with entrepreneurs who have the need to take their product to the Internet, or who simply need marketing skills as a supporting strategy to their existing business. Rob has worked for several well-known entrepreneurs such as top blogger Katie Freiling, and also businesses such as The Startup Garage located in San Diego, CA.

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  1. Ryan Moore says:

    Rob,

    Thanks for being my go-to-guy for this most recent real estate investment opportunity. Even though the process is simple, it would have taken me days to stop procrastinating and fill out the application forms for financing. I greatly appreciate it.

    I’m taking the bank route for financing. I’m starting using a Home Equity Line of Credit to get active in the REI game.

    I work with a lot of investors who are seasoned veterans. They are disappointed that I’m using that method to finance, knowing that I can find sellers who will sell subject to or carry a loan. I’m at the point where I’ve waited long enough, I recognize that I just have to do something to restart my forward motion.

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