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Updated 3 months ago on .
#4 All Forums Contributor
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Why are Mortgage Lenders doing 100% Financed Loans in Birmingham Alabama?
#4 All Forums Contributor
- Real Estate Broker
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Do you want to buy an investment property with no money down? Of course you do. Who wouldn't want to use other people's money to increase their net worth? Thing is, most of the time it's impossible to buy a rental property without using any of your own money. However, Rent To Retirement has partnered with several lenders who are offering 100% financed mortgages on new construction rental properties in the Birmingham, Alabama real estate market. These properties are located just outside of Birmingham in a high end suburb called Pinson, Alabama. The reason that mortgage lenders are able to offer no money down financing on these properties is simple, these properties are very low risk for the lender. If you're trying to buy a cheap high risk rental property like a Section 8 home in Detroit or Cleveland, it's not going to be possible to do with no money down. The risk for the lender is just too high. However, if you aim for something that is low risk for the lender like a new construction property in an A-Grade suburb in a growth market, you'll be able to take advantage of amazing no money down terms.
Why are Mortgage Lenders doing 100% Financed Loans in Birmingham Alabama? | HoltonWiseTV Highlights
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Are you interested in buying a property in Birmingham, Alabama? Take a look at the one from Rent To Retirement below.
Why Birmingham is good for Long Term Buy & Hold | Investment Properties For Sale - 35115 Persimmon
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Like what you see in the video from my buddies at Rent To Retirement?
Want to buy this property? Have additional questions?
You can hit up @Zach Lemaster here on BP, text REI to 33777, or you can reach out to the rest of the Rent To Retirement team on their Website or Socials below.