Rental Property Financing in Las Vegas

Obtaining a SFH, a condominium, a duplex, a triplex or a fourplex will not solely bring in a steady cash flow on a monthly basis, but also prepares you to have a secure and pleasant financial future. Even if certain people are able to pay all cash to acquire their properties, additionally, there is the alternative to try to obtain a rental property loan in Las Vegas. Yet, if you happen to be self-employed or have a low credit score, it might be challenging to find a regular lender like a bank that will consent to financing your next investment. And virtually all banks have a prolonged loan application and approval process, which could impede the likelihood of executing a successful transaction, particularly if the sellers want a fast closing. But did you know that there are further ways for obtaining a mortgage loan for a rental property?

Countless private companies or individuals offer rental home loans in Las Vegas, which can be used by borrowers for buying a new investment rental property or in order to refinance a preexisting mortgage loan. Unlike bank loans, the individual's credit score and take-home pay generally are not the most essential factors that determine qualification for these short-term loans whose lending rates begin at 10% — the property's cash-generating capability and the applicant's real estate knowledge will also be very pertinent. Simply speaking, the easy qualifying and fast closing Las Vegas rental property loans from private lenders will allow you to capitalize on every profitable prospective real estate deal coming your way.

One of Read Rock Capital's clients included an independent realtor who had been in search of rental property financing to obtain a single-family home in South Carolina. Despite the fact that she had an excellent credit score and was capable of putting 30% as a deposit for the property, being self-employed with inconsistent earnings meant conventional financing was not realistic. Still, she couldn't stand to throw away this excellent opportunity that could add significant gains towards securing a solid personal financial future. Once she reached out to Read Rock Capital, the 30% advance payment and a strong cost-of-rent assessment worked to her advantage and helped her obtain the capital necessary to close the sale successfully.

A great many investors also refinance a previous home loan for a brand new one so that they can tap into the equity within their existing investment properties. For example, Read Rock Capital had this borrower, a real estate investor who was the owner of a rental home and had fully paid back the original mortgage on it. He was a self-employed freelancer and more than 30 days late on his credit card obligations. He did a cash-out refinance on the place to pay back his credit cards and gave himself some space to breathe as the new mortgage payment was taken care of by his monthly cash flow via the rental condo.

You've made a good start if you have identified a good Las Vegas rental property mortgage lender to fund your real estate venture. Submit the form or give us a call, to discuss the project you have in mind.

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Investment property loans only please, no primary residences at this time.