Real Estate Investor Tip of the Day – June 3, 2012
By Gene Riemenschneider, Turning Houses into Homes
(Home Point Real Estate)
Real Estate Investor Tip of the Day – June 3, 2012 Buying your First Apartment House. If you are looking to get into Buying Apartment Houses this might be a wise move. But a word of caution – getting a loan on your First Apartment House might be difficult unless you have experience Owning an Apartment House. This is a quandary as how can you get the experience without a loan? Well there is a government Apartment House Loan program that might work, but it is cumbersome and not easy to get. The other alternative is to go to a Portfolio Lender for your Loan. The Portfolio Lender may charge a little more than regular lender, but not hard money. The Portfolio Lender is going to lend primarily based on the asset (Apartment House) and the Security (Down Payment); and of course your credit. Rem...