Are you thinking about buying investment property now that prices have dropped? Unless you’re paying with cash, you’re probably trying to figure out how to finance a piece of investment property.
Mortgage lenders are willing to lend cash to those real estate investors who have at least 25 percent in cash for a down payment, have a good credit score, and who don’t own more than 10 properties altogether. But there are some lenders who just don’t make that much sense.
We just published a new article by real estate attorney Sam Tamkin. One of our site visitors wanted to know why the lender was refusing to refinance a piece of investment property. If you have thoughts on this, you can leave them here, or click through and leave them on the article.
June 3, 2009