Description
To make real money, investors need the right financing. And as they buy multiple properties, their debt equity rises and it becomes more difficult to get financing. As many investors have learned the hard way, getting the wrong financing can wipe out their profits, hold them back from selling because of a lack of equity, or force them to try to sell for more than the market will bear. The Real Estate Investor’s Guide to Financing is the one book that shows readers how to get the right financial package for the biggest return on their investment. As a respected author and mortgage banker, David Reed has spent more than twenty years helping investors finance their properties. Complete with advice on creative financing and a glossary of investment terms, this is the one guide that will help readers avoid the mistakes that can derail any deal, and start making real money. David Reed (Austin, TX) is a seasoned mortgage broker and a columnist for Realty Times and Mortgage Originator magazine. He is the author of Mortgages 101 (978-0-8144-7245-3), Mortgage Confidential (978-0-8144-7369-6), Your Successful Career as a Mortgage Broker (978-0-8144-7370-2), Who Says You Can’t Buy a Home! (978-0-8144-7340-5), and Your Guide to VA Loans (978-0-8144-7435-8). Contents CHAPTER 1 Basic Finance for the Investor 1 CHAPTER 2 Types of Investment Property 21 CHAPTER 3 The Players 41 CHAPTER 4 Loan Types for Investment Property 67 CHAPTER 5 Interest Rates and Rate Strategies 101 CHAPTER 6 Investment Properties and Closing Costs 125 CHAPTER 7 Credit and Investment Real Estate 145 CHAPTER 8 Documentation of Assets and Rental Income 161 CHAPTER 9 Creative Financing for Real Estate Investments 181 Epilogue 203 Glossary 205 Amortization Tables 217 Index 227
