Any property which contains 5 or more units is considered a commercial property. buying a rental property – before spending a cent or looking at properties make sure you take time to educate yourself. You need to be very specific about your goals and investment strategy.
Investment Mortgage Lenders Now let’s take it from the top. In the spring of 2006, Goldman assembled 8,274 second-mortgage loans originated by Fremont Investment & Loan, Long Beach Mortgage Co., and assorted other players. More.
Typical ways to finance an investment property: Loan from a bank. You can get a conventional loan for a rental property. You most likely will need 20% down for the loan, but it is possible to finance your first deal by doing a conventional loan .
FHA loans and VA loans are for your primary residence and are not available for an investment property. In order to get financing for an investment property you need to turn to conventional loans or hard money loans. Conventional Loans. A conventional loan is home loan that is not backed by the Government and is often times sold to Fannie Mae or Freddie Mac. Conventional mortgages are available for second homes and investment properties.