Best Financing Options for Self-Employed Investors
Most self-employed investors do not get turned down for financing because they lack the money. They get turned down because their tax returns do not show it. You wrote off enough last year to keep your accountant happy and your tax bill low, and now that same return is sitting in front of an underwriter […]
Why financing an investment property is harder
Lenders treat investment properties as higher risk than owner-occupied homes, full stop. Down payments usually start at 15 to 25 percent instead of the 3 to 5 percent available to owner-occupants. Interest rates run higher. Underwriting digs deeper into reserves, because a lender wants proof you can absorb a vacancy or a slow month without […]