Financing rental properties may not be at the top of your to-do list when getting started in real estate investing. You may be more focused on deal-finding, networking, or figuring out how to analyze a real estate deal. But you can't get a deal if there’s no way to fund it, and that’s why rental property financing is one of the most important steps when buying a rental property.
Henry Washington started out just like most real estate rookies. After getting his first property under contract, he walked to the local bank, got financing, and didn’t think much about it after that. But, as Henry has expanded his portfolio, he’s begun to take on different types of loans, opening him up to a whole new world of real estate financing.
Henry gives a short (but sweet) masterclass on the four most common types of real estate financing and how you can use them to get your first (or next) deal under contract. If you’re still struggling to find the right lender for your deal, click the links below to get access to investor-friendly lenders in your area.
Mortgage Lenders: Hard Money Lenders:
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~~~~ Hear Henry On The “On The Market” Podcast: Spotify: Apple Podcasts: BiggerPockets: ~~~~ Check out Last Week’s Episode on Finding Off-Market Properties:
~~~~ Connect with Lenders, Agents, Contractors, and More:
~~~~ What Newbies Should Know About Financing Investment Properties:
~~~~ Investment Property Loans—The Ultimate Guide to Funding Your Deals:
~~~~ 4 Options to Help You Finance Your First Rental Property:
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0:00 Rental Property Financing 101 1:13 What Are Your Financing Options? 2:18 4 Types of Real Estate Financing 3:22 1. Conventional Loans 6:08 2. Hard Money Loans 10:26 3. Private Money Loans 13:52 4. Small Bank Loans/Commercial Loans 19:22 How Do You Fund Your Deals?
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By: BiggerPockets Title: The Beginner’s Guide to Financing Rental Properties Sourced From: www.youtube.com/watch?v=u2A4znB7Dfk
