New rental investors are the ones who should be the most excited about this. It is a great opportunity for them to start with their first investment home and start a real estate portfolio.
This is not just an opportunity for new investors to start with their first investment home, but also an opportunity for people who are looking to buy their first home. They can use this as a stepping stone and invest in other homes too. Your first property as an investor is much easier to obtain than you may think.
New investors with no personal credit can start out with a single-family home all the way up to an entire apartment complex! The new loan technology that makes this possible now opens doors to new investors.
A rental investment portfolio is a property that you rent out to others and generate income from. You can start investing in rental properties by buying a single-family home, an apartment building, or a townhouse.
When your single-family rentals are not being leased/rented, you will be missing out on a huge market of people looking for a home to rent for a few days. This may not fit your traditional idea of keeping long-term contracts, but with an average occupancy rate of over 80% on short-term rentals, you may want to refinance or restructure to take advantage of this fast-growing market.
Introduce Your Renters to Local Attractions
Provided your renters are happy, they will more than likely rent from you again and even refer you to others. Making their living experience at your rental property an adventure to remember will ensure occupancy. Airbnb & Vrbo users are always looking for something local to do so it would be wise to research the area for attractions around your property.
Rental Home Financing
9465 Counselors Way
Suite #200,
Indianapolis, IN 46240
Rental Home Financing, as the best mortgage lenders we originate rental home loan products and cash out refinance investment property loans as the best investment property refinance lenders. Commercial blanket loans are available with a commercial purpose to suit your needs.
Also, as DSCR loan specialists, we are currently authorized to make such loans in most all areas of the United States. Specific circumstances will determine whether we have the ability approve/close portfolio rental home loans in your state(s). When you are ready to get a mortgage for rental property, we are ready to serve you.