Best Rhode Island Investment Property Loans (Hard Money / DSCR) - Easy Street Capital

[Robin Simon]

Easy Street Capital is proud to be a leading private lender for the Ocean State! We offer industry leading Hard Money and DSCR Loans for every type of Rhode Island Real Estate Investor. Easy Street Capital is the investment property loan provider for real estate investors of all experience levels and specialties, including popular strategies such as Short Term Rentals, Fixing and Flipping and the BRRRR Method! Our Rhode Island DSCR Loans are perfect rental loans for the long-term real estate investor looking for cash flow. Our Rhode Island Hard Money Loans are ideal for renovators looking to add value through rehabs or ground-up construction!

Check out the rest of this Rhode Island Investment Property Loans page for all the information you need on our loan programs. Check out recently funded rental loans, information on all of our loan programs, FAQs, market analysis and more!

Real Estate investors looking for cash flow and appreciation are flocking to Rhode Island to build rental portfolios. The Ocean State is a current favorite of real estate investors due to many factors including a strong and stable economy, a growing and highly educated population with a healthy demand for housing! Easy Street Capital is proud to be a leading provider of investment property loans for real estate investors looking to build rental portfolios in Rhode Island!

Investment Property Loan Types

When it comes to real estate investing in Rhode Island, there are a variety of markets and types of investment property loans to choose from. Rhode Island has plenty of older properties in need of renovators to restore them to rent-ready status. For investors adept at rehabbing older properties, hard money renovation loans are a perfect choice! These investment property loans allow you to buy a property quickly and finance your rehab costs as well! Once you are done, you can either “flip” the property for a quick return or pursue the BRRRR Strategy by renting it out and then refinancing into a long-term, low-rate DSCR loan!

Long-term DSCR Loans are also great for investing in turnkey rental properties. Turnkey refers to properties that are already rent-ready for tenants and require no renovations. Move-in ready homes are great for cash flow and price appreciation. Rhode Island also has a large supply of duplexes and triplexes which are great for cash flow. Most DSCR Loans are fixed rate for thirty years, locking you into a fixed interest rate for the long-term. While, if historical patterns continue, rents and appreciation increase steadily each year. Bottom line, debt costs stay the same while cash flow increases!

Rhode Island: Landlord-Friendly State

In terms of regulation, Rhode Island is considered a landlord-friendly state. Rhode Island has well-defined laws and regulations that govern landlord-tenant relationships. In addition, Rhode Island has established a relatively efficient eviction process for landlords. The state’s laws provide clear guidelines and procedures for eviction cases. This allows property owners to take action in a timely manner when tenants violate lease terms or fail to pay rent. Rhode Island also has regulations in place that require tenants to maintain the rental property in good condition. This includes responsibilities such as proper upkeep, cleanliness, and compliance with health and safety standards. Landlords can expect tenants to fulfill these obligations, reducing the likelihood of property damage.

Real estate investors in Rhode Island are pleased to find a market that does not impose prepayment penalties, offering them the flexibility to refinance without financial restrictions. While some lenders may adjust interest rates slightly higher to accommodate this flexibility, the freedom to refinance remains a significant advantage for investors.

Overall, Rhode Island is a landlord-friendly state that offers many advantages for investors interested in rental properties. With its favorable rental market conditions, investors can feel secure with their investments.

Where To Invest In Real Estate In Rhode Island

Rhode Island offers a diverse range of real estate investment opportunities across its cities. Providence, the state’s capital and largest city, presents a vibrant market with a mix of urban amenities and cultural attractions. Warwick, as the second-largest city, boasts a strong economy and attractive investment prospects. Furthermore, Cranston, the third largest city and a suburban community, provides opportunities for long-term rental properties. Newport, known for its historic charm and picturesque coastline, offers potential in the vacation rental market Lastly, Middletown, with its beautiful harbor and quaint downtown, is a hidden gem for vacation rental investments.

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Are you a Property Manager, Full-Scale Mortgage Broker (including Conventional, Non-QM) or Investor-Friendly Real Estate Agent in Rhode Island? We are looking for trusted professionals in Rhode Island to refer our investor borrowers too! Comment or DM me to discuss, and we can potentially feature you on our website!