What are real estate investment loans?
Real estate investment loans are loans used to finance the purchase of properties with the intention of generating income and/or profits through renting, leasing, or selling the property. These loans can come from a variety of sources, including banks, private lenders, or government agencies, and may be secured by the property itself or other assets. The terms of the loan will depend on the lender, the borrower’s creditworthiness, and the specific property being financed.
What are the requirements for a real estate investment loan?
The requirements for a real estate investment loan may vary depending on the lender, but typically they include a minimum credit score, a certain amount of cash reserves, a down payment of at least 20%, and a solid business plan for the investment property. It's best to check with the lender directly for specific requirements.