Yes, there are STILL rental property mortgages with low interest rates AND low money down, even in 2023. These investment property loans are unknown to most real estate investors simply because they don’t know where to look or who to ask about them. Which loans are we talking about? Stick around because today, we’re uncovering all the ways that YOU can finance and fund your real estate deals in 2023 and 2024, even when getting a loan is harder than ever before.
If you’ve been struggling to put properties under contract because your financing keeps falling through, this is the episode for you. After running into numerous closing table conundrums and non-stop financing fatigue, many real estate investors are giving up on buying new properties due to banks’ lack of liquidity and eye-watering loan requirements. But that isn’t stopping David, Rob, or today’s guest, Zach Lemaster, from closing deals.
In this episode, we’ll go through the loan options that WORK in 2023 and 2024, the creative financing you can use to fund your next deal, and the often unknown loans that STILL offer only three percent mortgage rates or just five percent down on rental properties (seriously). If you haven’t tried these loans yet, you could be missing out on some of the best deals of the decade.
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Show notes at:
00:00 Intro
02:00 Quick Tip
02:28 Retired with Rentals
04:18 2023's Financing Challenge
08:49 What is a Loan "Covenant"?
09:47 The Financing "Horror" Show
14:36 Does the Deal or Debt Come First?
21:44 Conventional Loans 101
29:11 Mortgage Rate Predictions
33:46 What to Ask Your Lender
37:34 Self-Employed Mortgage UPDATE
40:22 NEW Rental Property Loans
52:02 Don't Let Financing STOP Your Wealth!
55:50 Connect with Zach!
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By: BiggerPockets Title: New Rental Property Mortgages with 3% Interest Rates, 5% Down Sourced From: www.youtube.com/watch?v=IVK5vQg1UvY
