But many
investment property owners still use these loans because traditional lenders are not as flexible or fast with investment purchases.
Not exact matches
Homeowners insurance is not required by law but it is a commonsense measure for
property owners who own the title outright and for individuals who currently have an outstanding mortgage to
still protect themselves and their
investment by purchasing homeowners insurance.
It allows the borrower, acting as landlord and
owner, to provide any future tenants with an assurance that their
investments in the location as an office or retail space will not disappear overnight or without warning, while
still maintaining the appeal of an income - producing
property with leases that will not interfere with current or future loans from traditional or private lenders who want to know that their funds will be properly secured with first - position mortgages.
Still, for existing
owners of long term
investment properties appreciation is the cherry on the cake also thanks to that beautiful thing called leverage.
I
still fall into the category of people this article was aimed toward, even though my husband and I bought our first
investment property (
owner occupied) a year and a half ago, and just made an offer on our second
property yesterday!