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 […]
Why Co-Buying is a Fast But Risky Investment Strategy
In This Article Buying real estate with friends or business partners often seems like a good idea, but it can be an exasperating experience when it goes wrong. With homeownership and investing becoming increasingly difficult amid high interest rates and property prices, more people are turning to “friends with benefits” to get on the property […]