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Financing Options for Rental Property
Many investors are now finding that rental property can be an excellent way to create wealth. If you are considering getting involved in rental property investing, it is a good idea to educate yourself as much as possible. First, you need to find out what it takes to become qualified to purchase investment property because it is actually somewhat different than becoming qualified to purchase a regular home.
One of the reasons for this is the fact that a significant number of investors either walked away from properties or declared bankruptcy during the early 1990s. While you should certainly not be punished for someone else’s problems, neither do lenders want to be left holding investment properties. Therefore, it is important to understand that the requirements for being approved for a mortgage on rental properties are somewhat different from what you may be accustomed to.
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San Diego Short Sales | Orange County Short Sale Info
Before you begin a short sale, deed in Lieu, loan modification or foreclosure, you should consider all your loan workout options and how they effect you liability for the loan balance, tax liability (federal and state) and how you can protect or minimize damage to your credit.
We provide the information you need and we present to you an opportunity to speak with an experienced short sale attorney, licensed in the state of California as a Real Estate Broker and an Attorney.
Know your real estate options. Short Sale vs walkaway vs loan modification vs foreclosure.
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San Diego Short Sales | Orange County Short Sale Info
Pam Reifeiss of The Escrow Firm gives buyers tips on how to have a smooth short sale transaction. For more information on short sales or any other San Diego County real estate information contact Vickie Smith or Kavita Rajaratnam of Prudential California Realty. 858-353-6475 or 858-880-8609. Video Rating: 0 / 5
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