An investment property is a property bought or developed for the sole purpose of generating income. As such, the needs of real estate investors are greatly different from those of your typical home buyer. That is why the importance of working with a mortgage lender who understands real estate investing cannot be overstated.
Investment properties include single family homes, commercial real estate, apartments, townhomes, condominiums, bungalows, and more. At Maximum Lending, we provide a variety of loan options for investors, such as: 15- and 30-Year Fixed-Rate Mortgages, Adjustable Rate Mortgages, Jumbo Mortgages, FHA Loans, and More.
Benefits of Investing in Real Estate
Rental Opportunity: If you purchase an investment property that is close to businesses, downtown areas, college campuses or popular vacation spots, this may attract tenants and create additional cash flow.
Ongoing Income and Cash Flow: Your investment property may provide ongoing income to offset your expenses. In some situations, it may even pay for itself or in the event you’re flipping it, it may net a sizable return on investment.
Potential Tax Benefits: There are many opportunities for tax advantages when you own an investment property. These may include mortgage and home equity interest deductions and property taxes. Consult with a tax advisor for more information.
Diversify Your Investment Portfolio: Investing in real estate is one of the fastest ways to start accumulating long-term wealth while simultaneously diversifying your investment portfolio.
Investing in Distressed Investment Properties
Investing in a distressed or dilapidated home can provide the best bang for your buck! However, construction materials and renovations can prove to be quite costly, especially if the house is in need of structural repair. A 203K Loan from Maximum Lending can give you the financing you need to purchase the property as well as make any and all necessary repairs and improvements.
A subdivision of the FHA loan, the 203K Loan, allows investors to purchase a house that is need of rehabilitation. This option also gives them the ability to finance all necessary repairs and/or improvements into the loan itself. As with the FHA loan, the 203K Loan still allows buyers to finance a property with a low down payment; currently 3.5%. Contact us today for more information on a 203K Loan.
At Maximum Lending, we provide a variety of types of mortgages suitable for real estate investing including, 30 Year Fixed Rate Mortgages, 15 Year Fixed Rate Mortgages, Adjustable Rate Mortgages, Jumbo Mortgage, and more.