Nothing quite compares to how it felt when you closed on your first rental property.

It was a brand-new experience, maybe even one you weren’t sure you’d see all the way through.

But you did and, pretty soon, that investment began paying you back as rent checks coming in every month.

If you’re like most investors, it didn’t take you long to start thinking about going through the process all over again and purchasing another rental property. After that, it probably felt inevitable that you’d soon purchase one more.

At this point, you may be seriously considering turning real estate into the source of your full-time income. You might even be just one or two properties away from replacing your current salary. Then, why not just keep adding more to your portfolio?

This is usually when investors begin asking, “How many mortgages can you have?”

The answer may surprise you.

Is a blanket mortgage loan just what you need to optimize your rental property portfolio? There are thousands of real estate investors out there with multiple rental properties, who are not yielding the best possible returns. Blanket mortgages could be one of the simplest and most effective options for turning this around.

What is a Blanket Mortgage Loan?

A blanket mortgage loan is a single loan that can be collateralized by multiple properties. For example; instead of applying for and juggling 10 individual loans on 10 single-family homes or apartment buildings, investors can use a single blanket loan to borrow against all of them. It is one set of paperwork, just one loan to service each month, or to consider refinancing or retiring in the future.

There can be many advantages of these loans for optimizing income property portfolios.

Find Rental Home Loans at Amazing Rates

Rental home loans are always a murkier place, especially for newbies. When it comes to mortgages for rental homes, finding the right deal with affordable interest rates, in the long run, is akin to finding a needle in a haystack.

Your best bet is to be thoroughly prepared before you start down this path.

From an impressive credit score to maintaining the right cash reserves, there's plenty of advice for you.

Here are 6 ultimate ways to make sure you grab the best deal out of the plethora of rental home loans:

Rental Property Lending with Blanket Loans

A blanket mortgage is a type of rental property lending that allows the purchase of multiple parcels of real estate under the shade of a single mortgage. The finance of all the properties is taken as collateral by the creditor.

During the release clause, the integrity of the mortgage can remain unharmed if one or more real estate parcels within the blanket are sold. For example, if an investor acquired a blanket mortgage to purchase six buildings and sold two of them, he/she would still maintain the blanket mortgage for the remaining four properties. A blanket mortgage is often used by real estate developers to finance the purchase and development of land.

The Benefits of Blanket Mortgages with Rental Property Lending

Blanket mortgages offer a more efficient, cost-effective way for real estate investors to acquire financing. For a real estate investor, the alternative to a blanket mortgage would be to obtain separate mortgages for each property. For instance, if a company were planning to build a subdivision with 30 houses, it would need to take out 30 separate mortgages to finance the purchase and construction of the 30 homes.

Stated Income Loans with No Tax Returns

Finally, a TRUE Stated Income Loan for Investment Properties.

Finally! - A true stated, absolutely no tax returns required for investor rental home properties in most states in Union. Loan Amounts ranging $100,000 to $2,250,000+.

Larger rental portfolio transactions, with similar guidelines and loans ranging from $500,000 - $30,000,000+ should review under our residential blanket mortgage program. 

New for 2020...Now closing the first few rounds of financing with over 1.5 billion under management. We are proud to be providing the first wave by providing a much-needed product for investors with sensible underwriting. Rate range between 5 - 7%!