If you are interested in real estate investing, but you’re a bit intimidated by the process of obtaining a loan, don’t worry. At Latter & Blum Property Management, we work with investors and lenders all the time to make sure the process of financing your investment is as smooth as possible. The goal is to gain leverage with lenders, so you can position yourself as a strong borrower and someone they’d like to work with.
Financing Rental Properties in Gulf South
We make sure you maximize your strengths during the investing process, and we can put you in touch with lenders who are likely to help you obtain the financing you need. We can also introduce you to some of the programs available through the Louisiana Housing Corporation, and talk about the tax credits that are available when you buy an investment property.
Choosing a Lender
Generally, investors can gain leverage with lenders by having a sizeable down payment for the property they want to buy. In the past, it was easy to make a purchase with very little down, and you can still do that today if you’re buying a home that you plan to occupy. However, as an investor, you need at least 20 to 30 percent to put down, and the larger your down payment, the more likely you will be to attract the attention of banks. You also must demonstrate that you have the financial stability to pay your loan. You’ll need to choose a property that will earn a consistent rental income. We can help you locate those opportunities and present them to your potential lenders.
If you’re a reliable investor who is planning to buy a successful rental property, you can get the terms and conditions you want from lenders who are competing for your business. Our excellent reputation attracts some of the best lenders in the business, and when we put them in touch with qualified investors, everybody wins.