By Michael Most
Being in this business for over 13 years, I have seen a recent surge in investment purchases due to the low interest rate environment we are currently experiencing.
Investors can purchase income producing properties with 20% down payment with a 30 Year Fixed at 3.875% which makes the property cash flow positive.
The major pitfall, is the Banks are looking for investors with experience to prove they can manage the tenants.
For those without the experience, it's best to start with one property at a time and build a portfolio and gain experience which can be used to help qualify for additional properties in the near future.
Being in this business for over 13 years, I have seen a recent surge in investment purchases due to the low interest rate environment we are currently experiencing.
Investors can purchase income producing properties with 20% down payment with a 30 Year Fixed at 3.875% which makes the property cash flow positive.
The major pitfall, is the Banks are looking for investors with experience to prove they can manage the tenants.
For those without the experience, it's best to start with one property at a time and build a portfolio and gain experience which can be used to help qualify for additional properties in the near future.
Michael Most is a Senior Mortgage Consultant with Citibank
LinkedIn profile with all Michael's experience at:
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1 Response to "Purchasing an Investment property"Well, reading this post helps me actually, very informative, I enjoyed reading this post!
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