Investment property loans
Hello BP community, needing some advice. Looking to purchase my first rental property. I am wondering what types of conventional loans you have used. The bank I talked to would only offer a 5-1 arm for 15 years at 5.75%. That will not cash flow very good! I asked about a conventional loan and they said that would only work if it was my primary residence. I thought that was only for an FHA loan. I am hoping that is just this specific bank. My goal is to build my portfolio with buy and holds.