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Updated 2 months ago,
#5 All Forums Contributor
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This will Ruin your chance of getting a Mortgage
#5 All Forums Contributor
- Real Estate Broker
- Cleveland Dayton Cincinnati Toledo Columbus & Akron, OH
One of the best ways to buy rental properties is with a mortgage. Never spend your own money when you can spend the bank's money. However, if you are a new investor who is looking at buying fixer uppers, you need to understand what will and will not ruin your chance of getting approved for a mortgage. In this example, this property's missing furnace is going to make it next to impossible for an investor to buy this house using a traditional bank loan. Tune in to HoltonWiseTV for more tips on financing rental properties.
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