A time of great opportunity
Right now is an ideal time to be a real estate investor. Reduced home prices—and mortgage rates at historic lows—have created a world of opportunity. In this highly competitive market, the best deals on foreclosures and short sale properties go quickly, so it’s crucial to find a lender you can count on early in the process.
What is considered an investment property?
- Long-term rental properties
Have you considered becoming a landlord? More people than ever are looking to rent a home.
- Short-term vacation rentals
It may make sense to buy your dream retirement home now and enjoy it during vacations while it generates rental income the rest of the year. Consult your tax professional about limitations on your own use of investment homes.
- A second home purchased near your primary residence
If you already own a home (and don’t intend to sell or rent it) and purchase another property, you’ll need to obtain a specific type of loan. In most cases, if your additional property is near your primary residence, it must be financed by an investment property mortgage (unless you’re near a resort or vacation community).
Put us to work for you today
Take advantage of the wealth of real estate investment opportunities available. Click here or call 847-202-3344 today to learn more about how we can help you achieve your investment objectives.