Many real estate investors make use of investment property financing to purchase an investment property or to get refinancing for an existing investment. The appropriate Camden investment property loan, with suitable terms and interest rates, can help real estate investors accomplish their goals.

Real estate investors in Camden will be delighted to hear that investment home mortgages, in addition to being easy to be approved for, are in addition fast closing. Privately owned lenders, contrary to most banks, will provide funds to someone who is a self-employed applicant, assuming that the property or home will bring in a profit, and the applicant is knowledgeable in real estate management, and provides a transparent and sensible exit strategy and demonstrates the financial capability to pay off the financing. The applicant needs to be ready to put a down payment towards the property or utilize preexisting equity. Having less form-filling and documentation in contrast with traditional bank funds, fast closing private real estate investment loans in Camden also give borrowers an advantage over their competitors.

Many real estate investors use the equity in their real estate holdings as an option to generate money to buy additional investment homes or simply to increase their on-hand cash. For instance, there was this husband-and-wife duo who acquired a bank-auctioned property at a price of $600k in a popular tourist area near Lake Michigan. They sunk $150,000 into upgrading and renovating the house, after which they turned it into a B&B rental and the appraised value increased to $1.2 million.

The couple earned $120k per year net off of the property. A weak credit score of 460 meant it was nearly impossible to work with an old-fashioned bank to recuperate their personal investment of $150k. Even so, Read Rock Capital (Read Rock Capital) managed to do a real estate investor loan for them at 65% loan-to-value, letting them get back the cash they had personally dedicated to the house.

Real estate investor loans are also a fine alternative for those who would like to do a cash-out refinance to unlock their existing equity for other purchases. Suppose someone purchases a distressed home in Camden and rehabs and flips it, but is unable to sell it quickly. With his capital caught up in this property, he ends up losing out on numerous other investment opportunities whose timing he can't predict. Banks or other customary loan providers will not agree to a cash-out refinance if the borrower has had the property less than a year. On the contrary, Read Rock Capital is able to do a cash-out refi of up to 70% LTV based on the as-is valuation of the property as calculated by a licensed appraiser, even though the home is vacant and waiting to be sold.

As an investor in real estate, you want a loan provider who will understand your diverse funding needs. Your research for the ideal Camden real estate investment loan ends right here. Submit the contact form or call us to discuss what kind of investment property loan might be best for the property or properties you have in mind.