Two are better than one, right? If the acquisition and rehab costs of an investment property are beyond your scope, you can consider bringing in an equity partner to help finance the deal.
While the partnership can be structured in many different ways, it’s typical that a partner is given an ownership percentage of the project’s return on investment. Of course, there are advantages and disadvantages of working with a partner that you’ll want to consider carefully before jumping in.
Conventional loans have strict underwriting guidelines and it can be difficult for real estate investors and the self-employed to qualify as borrowers. Many credit unions and some banks offer portfolio loans with more flexible terms and less strict qualifying standards. That makes portfolio loans an especially valuable method of real estate financing for investors.
The interest rate can be even more favorable than having a bunch of