Investor Financing in this Crazy Real Estate Market (5)

Paying Points:


Cash is king, so I don't recommend paying points to discount interest rates unless it's necessary to qualify for the loan or if you plan to hold the property more than 5 years.



Commercial Properties:


If you have 20-30% for a down payment, an average credit score and would like to consider a larger investment, multi-family apartment buildings and trailer parks are a great opportunity.


Stated income and stated asset loans are still available for investors with FICOs in the low 600s.


Lenders care more about whether the property cash-flows than the borrower's ability to repay the loan.


This is good for both the lender and the investor.


I hope you found this general information useful in guiding your investment decisions.