Posts Tagged ‘Rental’

How To Get A Loan To Buy Rental Houses?

October 26th, 2009

Is it possible to get a loan for say $500,000 for a group of rental properties that are already being rented out? If so where would I go to do this and is it possible to get a loan for 100% of the price (no money down)? It is in kansas so if anyone could help me or tell me where i can go.

How Can I Get A Loan To Purchase Rental Property With No Money Down?

August 30th, 2009

I want to borrow $250,000 but I can only come up with about $10,000 for a down payment (most banks want $45,000).
The property I want is currently completely leased and generating about $4,000 a month. My credit is pretty decent.
Does anyone know of anyone who would loan me money?