What are the requirements for obtaining a loan for an investment property?

A primary property is not the same as an investment property. As a result, the requirements for obtaining a loan for an investment property differ. What should you expect and how should you prepare?

  • Make a substantial down payment
  • Be a "powerful" borrower
  • Visit a local bank
  • Owner financing is negotiated
  • Consider different options
  • Buy inexpensively
  • Consider new ideas

 

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