Tuesday, January 23, 2018

Santa Ana SFR for Investment

This deal looks good. 10 blocks away from the renovating downtown. 4 bedroom, 2 bath house with potential rents of $2500+. Over 1,500 square feet on over 6,000 sf lot. Asking $450,000. Potential 4.88 cap rate on easily achievable rents with some rehab. Call me for details on this hot listing at 415-269-6249.

Investment Property Loans

One of the lenders that I work with for Non-Owner Occupied rental property loans offers these unique loan aspects on 1-4 units:

1. No prepayment penalties
2. Up to 5 properties loaned on by the bank
3. Borrower can have up to 15 residential loans (commercial loans not counted)
4. Cash out loans up to 10 financed properties
5. Can use rental income for subject property with no history of managing a rental
6. Interest only payments
7. Investment property loans up to $2,500,000
8. Recoup funds from all-cash purchases as Rate & Term refinance up to 6 months
9. Full documentation & Alternative doc loans to qualify

Let me know if you are looking for new or refinance loans for your rental properties. I have great sources for best rate or alternative financing options as needed.