Skip to content
×
Pro Members Get
Full Access!
Get off the sidelines and take action in real estate investing with BiggerPockets Pro. Our comprehensive suite of tools and resources minimize mistakes, support informed decisions, and propel you to success.
Advanced networking features
Market and Deal Finder tools
Property analysis calculators
Landlord Command Center
ANNUAL Save 16%
$32.50 /mo
$390 billed annualy
MONTHLY
$39 /mo
billed monthly
7 day free trial. Cancel anytime
General Real Estate Investing
All Forum Categories
Followed Discussions
Followed Categories
Followed People
Followed Locations
Market News & Data
General Info
Real Estate Strategies
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Real Estate Classifieds
Reviews & Feedback

Updated 5 months ago on . Most recent reply

User Stats

6
Posts
0
Votes
Jose Casanova
0
Votes |
6
Posts

New home - how to get lower interest rate incentive?

Jose Casanova
Posted

Hey everyone, a new development in the area where I invest, is offering a 5.99% interest rate (conventional loan) and 2% of purchase price in closing costs. Did my rental analysis and it would work fine as a long term rental. The agent just let me know that they cannot offer these rates for investment properties. Are there any ways to get around this? Can I buy it as a vacation rental to get the better interest rate? If so, do I need to hold it for a period of time before I can rent it out? Please let me know if anyone has any thoughts/input. Thanks in advance! 

  • Jose Casanova
  • Loading replies...