Best loan to use when starting a rental company?

Best loan to use when starting a rental company?

Member since 2018 · 3 posts · 0 votes

Hello, 

I am a co-investor in a new rental company that I will be starting with one partner. We plan to start small in Omaha, NE. My question is, what is the best loan to get when putting 20% down as your first loan to buy the first properties. I say first properties because ideally we would like to buy 2 houses to begin with for the first year or so. Unfortunately we are out of state investors so house hacking and FHA loans are out, so we know we will need at least 20% down. Is it more beneficial to purchase the two houses on two separate mortgages or is it possible to take out one loan that we can purchase both houses under. So basically, the question is what is the best loan to use to purchase these first two houses.

Thank you for the advice!

Sam

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  • Chris MasonPro Member
    Moderator
    Lender · CA · Member since 2015 · 9k+ posts · 10k+ votes
    7y

    A pair of Fannie Mae 30 year fixed loans.... is there something you are asking, that you didn't ask? :P

  • Real Estate Investor · Omaha, NE · Member since 2017 · 53 posts · 18 votes
    7y

    Connect with local banks here in Omaha, that would be your best option.

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