Let's start with a little story. I have met with my clients and pre-qualified them for a mortgage. They have saved their down payment and they have their closing costs plus a little extra for any surprises. I send them on their way to look for a home. The clients meet with their agent and [...]
A few weeks ago I did a blog in regards to purchasing/refinancing rental properties up to 4 units. This week we are going to talk about rental properties that have over 4 units in them. While there are still some lenders who will entertain financing for 5 and 6 unit buildings under their residential portfolio [...]
Have you ever thought about buying a rental property? The rules within the last year have changed and I will go through the main guidelines as it pertains to these type of properties. There are basically 2 types of properties we need to discuss under the residential rental programs. They are owner-occupied rentals and non-owner [...]
