With increasing real estate prices, it is a good time to add to your real esteate portfolio and generate long term wealth. However, if you would like to purchase rental properties it can often be tough to get a mortgage as conventional banks require at least 20% downpayment for any non-owner occupied properties and often require a personal guarantor in order to qualify for the loan. If you don’t have access to these types of resources, then you may want to consider private mortgages and the flexible financing options we can provide. Our lenders will provide financing on individual units, houses, duplexes up to fourplexes!
Our lenders will typically loan from 65% up to a maximum of 90% on rental properties, on a sliding scale is depending on your:
- Credit score
- Equity in primary residence
- Location of rental property
- Income generated from rental property
- Financial situation
- Type of income proof
Benefits of investing in rental properties:
- Positive cash flow
- Tax incentives (debt reduction, write-offs)
- Capital appreciation
We work with you to to get the right financing to suit your needs. Every property and situation is different, therefore, the mortgage we will structure will be unique to you.
Call us today to get started on your application.
