Investment Property Mortgage Loans

[Sam Shin]

There's a lot of info on the types of financing options for REI but I'm just really curious what type of financing most of you individual RE investors use?

And if you used investment property mortgage loans in particular, what percentages you worked with in terms of rates and down payment? What are your opinions on investment property mortgages in general? 

[Joshua Baker]

@Sam Shin

If you have no properties, I’d try to stay on the cheaper side of money if you can. There are conventional and conforming loans that can get the job done depending on employment and credit profile.

As others have stated, non-qm is another ball game where you can get some vastly different products but at a significantly higher cost long term.

Private and hard money are also options for short term bridge type loans, probably the most expensive funds available but they’re available rapidly and offer a ton of flexibility if your property needs rehab work done.

Hope this helps!