Secrets to Financing
Manage episode 456658686 series 3467132
Learn the secrets of financing investment properties in Boca Raton.
This class is Module 14 of 46 in a series called Real Estate Investing Secrets.
Topics covered in this module include:
- What are the 14 financing options for buying rental properties?
- What is PMI and why would you ever pay for insurance to protect the lender?
- How paying the lender can improve your cash flow and how accepting a little kickback from the lender can reduce your closing costs.
- The 5 most common loan programs for funding the purchase of your investment properties.
- The most common loan program—don’t worry... it is also Nomad™ and house hacker approved—and the details on how to use it to buy single family homes, condos, townhomes, duplexes, triplexes and fourplexes with small down payments.
- The best loan program for those with credit challenges, recent bankruptcies, and/or foreclosures... and how to use it to acquire rental properties—even duplexes, triplexes and fourplexes—with a small down payment.
- The two nothing-down loan programs and the details on using them.
- When to go to specialized portfolio lenders... and the pros and—more importantly—the cons of using these special loan programs.
- More exotic loan programs/sources that fewer people know about and even fewer use...
- Why it pays handsomely to plan your loans from the beginning to avoid painting yourself into a corner, living with reduced cash flow and locking yourself out of being able to access equity in your properties.
- The recommended, preferred order of loans for Nomads™ looking to acquire a portfolio of rental properties.
- The importance of understanding the qualification requirements of your desired loan programs... especially if you’re self-employed.
- How your credit score impacts your ability to get loans and where to get access to your credit score... for free... to improve it and ultimately improve your cash flow.
- A simplistic—yet effective—approach to debt-to-income to help you qualify for investor loans and reduce risk.
- The most often requested loan docs and why/how you should keep a folder with these files at hand for getting new loans.
- Plus much more...
Check out the video and additional resources related to Secrets to Financing.
Free Real Estate Deal Analysis Spreadsheet: Download a copy of the newest version of The World's Greatest Real Estate Deal Analysis Spreadsheet™ by going to:
https://RealEstateFinancialPlanner.com/spreadsheet
Improve Cash Flow: Book a consultation to improve cash flow using our proprietary 88 cash flow improving strategies.
Real Estate Agent & Lender Collaborators: Interested in collaborating with us on the Boca Raton real estate investor podcast? Book a free consultation to discuss.
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