- Having a hard time getting a handle on your ratios to meet the major bank’s requirements again?
- Need a way to tune into more than $20K for renovation?
- Can't see any reasonable funding options available to buy your next property?
As major lending institutions continue to change the rules and tighten requirements for financing approval, investors are seeking alternate options. They are turning towards Mortgage Brokers and finding many more options available to finance their growing portfolios. Experienced investors are aware there is 'no deal' without a solid financing strategy in place.
So what do you do if you have tapped out your maximum number of properties with the bank? Many major banks hold their clients to a maximum of four properties and that includes their primary residence. Clearly this does not bode well for creating a healthy real estate investment portfolio.
Certainly there are joint venture options, but not everyone wants to 'get into bed' (so to speak) with someone they may not know well for 5 or more years and hope it works out--and yes, every investment should have at least 3 exit strategies. Investors want to wrap their hands around solid options to expand their holdings and there are some excellent opportunities available.
Recently, I sat down with Amina Mohamed, Mortgage Broker - The Mortgage Processing Centre, who focuses on investor financing needs. We spent some quality time laying the cards on the table and tuning into financing options and special products customized for real estate investor community.
Once your financing is secured contact me to help you start the search for your next investment property right away!
Click HERE check to it out!