Finding a high-return real estate investment that you can “afford” to hang onto in this market can be tricky. One local lender in Alabama is addressing this problem by creating a 100% financing package for INVESTORS!
With this loan you can buy a newly built-to-rent home with zero money down… just sign on the dotted line. It will be built and managed for you. The only catch? Some negative cashflow for the first few years, and a 10-year balloon on the mortgage.
Rather than using all your cash to put into a down payment on a $300K property. Typically 25% down would be required to buy a property like this ($75K). Save some of that cash to offset the mortgage payment until rents go up, and leverage yourself into more properties.
A strategy like this does carry more risk, but it’s great to see how confident local lenders are in the housing market in their area.
Write “info” in the Comments and I will get you more information on this, and other similar opportunities.
