What’s the Best Way to Finance Your Real Estate Investment?
A quick look at different types of investment loans An investment loan refers to any kind of loan used to finance the purchase and/or renovation of an investment property. While the home one lives in may well be considered an investment, it is also a home; as such, it is not considered an investment property per se, as one has to have a roof over one’s head, whether owned or rented. Purchasing a property with the aim of leasing it or fixing it up to flip it and make a quick profit, makes it an investment property – a realistic alternative to investing one’s spare capital in stocks or bonds.
What Is a Blanket Loan?
Also known as a blanket mortgage, a blanket loan allows you to use one, single loan to buy several pieces of property. This eliminates the need to take out a new loan for each individual piece of property you wish to add to your real estate portfolio.