• Secrets to Financing

  • Dec 20 2024
  • Length: 1 hr and 21 mins
  • Podcast

  • Summary

  • Learn the secrets of financing investment properties in Philadelphia.

    This class is Module 14 of 46 in a series called Real Estate Investing Secrets.

    Topics covered in this module include:

    • What are the 14 financing options for buying rental properties?
    • What is PMI and why would you ever pay for insurance to protect the lender?
    • How paying the lender can improve your cash flow and how accepting a little kickback from the lender can reduce your closing costs.
    • The 5 most common loan programs for funding the purchase of your investment properties.
    • The most common loan program—don’t worry... it is also Nomad™ and house hacker approved—and the details on how to use it to buy single family homes, condos, townhomes, duplexes, triplexes and fourplexes with small down payments.
    • The best loan program for those with credit challenges, recent bankruptcies, and/or foreclosures... and how to use it to acquire rental properties—even duplexes, triplexes and fourplexes—with a small down payment.
    • The two nothing-down loan programs and the details on using them.
    • When to go to specialized portfolio lenders... and the pros and—more importantly—the cons of using these special loan programs.
    • More exotic loan programs/sources that fewer people know about and even fewer use...
    • Why it pays handsomely to plan your loans from the beginning to avoid painting yourself into a corner, living with reduced cash flow and locking yourself out of being able to access equity in your properties.
    • The recommended, preferred order of loans for Nomads™ looking to acquire a portfolio of rental properties.
    • The importance of understanding the qualification requirements of your desired loan programs... especially if you’re self-employed.
    • How your credit score impacts your ability to get loans and where to get access to your credit score... for free... to improve it and ultimately improve your cash flow.
    • A simplistic—yet effective—approach to debt-to-income to help you qualify for investor loans and reduce risk.
    • The most often requested loan docs and why/how you should keep a folder with these files at hand for getting new loans.
    • Plus much more...

    Check out the video and additional resources related to Secrets to Financing.


    Free Real Estate Deal Analysis Spreadsheet: Download a copy of the newest version of The World's Greatest Real Estate Deal Analysis Spreadsheet™ by going to:

    https://RealEstateFinancialPlanner.com/spreadsheet

    Improve Cash Flow: Book a consultation to improve cash flow using our proprietary 88 cash flow improving strategies.

    Real Estate Agent & Lender Collaborators: Interested in collaborating with us on the Philadelphia real estate investor podcast? Book a free consultation to discuss.

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