Building a rental portfolio is unquestionably the best way to accumulate wealth.
Depending on how much capital you have to invest in real estate will certainly have an impact on how many homes you can actually purchase.
A traditional lender will require at least a 20% down payment.
If you’re working with a finite amount of funds then using our rehab to perm loan program might be the better route.
Our rehab to perm program is built for investors who are purchasing fixer uppers using a hard money loan and then refinancing once the repairs are complete. Utilizing this program allows the investor to borrow up to 100% of the purchase, repairs and closing costs.
We will lend up to 75% of the After-Repaired-Value provided the investor qualifies for permanent financing. Once the repairs are completed the home can be refinanced.