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