Many real estate investors use investment property financing to obtain an investment property or to get refinancing for an existing investment. The appropriate North Reading, Massachusetts investment property loan, with optimal conditions and rates, will assist real estate investors in attaining their objectives.

Investment home mortgages, being fast closing and easy qualifying, supply North Reading real estate investors with tremendous benefits. Privately owned loan companies, contrary to most banks, will provide funds to someone who is a self-employed borrower, provided that the house is able to bring in cash flow, and the applicant has experience in real estate undertakings, and has a well-defined exit strategy and displays the fiscal ability to pay off the money. Additionally, a down payment of some sort would be expected, either in the form of cash or using equity within the property. Having less form-filling and paperwork in contrast with regular bank financing, fast closing private real estate investment loans in North Reading, Massachusetts also offer people an advantage over their competitors.

For a lot of real estate investors, the preexisting equity locked within a property can be a great way to get funds for upcoming property purchases or to improve the overall level of cash available to them. For instance, there was a husband-and-wife duo who obtained a bank-auctioned property for $600,000 in a well-known tourist area near Lake Michigan. They spent $150,000 on upgrading and remodeling the residence, and after that they turned it into a B&B rental and the appraised value rose to $1.2 million.

The property provided a net income of $120k/year. A lousy credit score of 460 made it practically impossible to work with a regular bank to recover their personal expenditure of $150k. A real estate investor loan at 65% loan-to-value with Read Rock Capital (Read Rock Capital) handed the couple $780k and helped them recover their personal cash from the home.

Real estate investor loans can also be a fine alternative for those who want to do a cash-out loan refinance to unlock their existing equity for other real estate transactions. Look at the scenario of an individual who purchases a fix-and-flip property or home in North Reading, completes the necessary renovations, but is unable to find someone to buy it. His money is stuck inside this property, hindering him from using it for other investments. Banks or other traditional financial institutions are not going to say yes to a cash-out refinance if the borrower has held the home for less than one year. On the contrary, Read Rock Capital is capable of doing a cash-out refi up to 70% loan-to-value based upon the as-is value of the house as determined by a licensed appraiser, even though the property is empty and waiting around to sell.

As a real estate investor, you need a lender who is able to understand your distinct funding needs. Your quest for the right North Reading real estate investment loan comes to an end here. Fill out the contact form on this page or call us to discuss which investment property loan is going to be best for your property.