Nickel City Funding, Inc. wants to help you learn how investors make great purchases in real estate in Orchard Park, NY. Investing in the housing market will require solid financial skills and backing. Nickel City Funding, Inc. wants to help these people find great investment properties in Orchard Park, NY. We can help investors close a deal quickly, even if you do not have traditional income. If you seek to diversify your sources of wealth or assets, then real estate may be the best way. Contact our team today to learn how to qualify for a mortgage and get started.
Purchasing an Investment Property
If you are looking to find the best property to invest in, look no further than Orchard Park, NY. The area offers great growth potential. Whether or not you have traditional sources of income, we can show you how to qualify for a mortgage. If you show a good credit score and financial stability, then home financing is a great option.
Ways to Finance your Investment Property
If you are using non-traditional sources of income or are self-employed, then you may need an investment property loan to benefit you in real estate. Investment property loans are for people who can show ability to pay through other means than employment income. When you go to qualify, a variety of documents can be used to assess your average monthly payment and cash flow.
For many investors, using a tax statement or a W2 will not get them approved for financing. Instead, they may use “no income” mortgages. Usually, with this type of loan, cash flow and funds from assets or interest is the income. Many programs pull data to determine how much you can afford to pay a mortgage from dividends, profit and loss statements, etc. Sometimes, investors have a large sum of cash to put a down payment, and so less financing is needed. There are many commercial programs for multi-unit properties.
Other Types of Loans for Real Estate Investment
Sometimes it can be a challenge to document your potential earnings through stocks and other assets. Fortunately, the experienced team at Nickel City Funding, Inc. can help you find the right lenders. We make the application and closing process quick and easy. Many suggest purchasing a property to fix and then flip. This is a great way to get started as an investor. If you are self-employed or an entrepreneur, be sure to talk to an accountant about assembling any financials be for you go in to qualify. Finding a home in the Orchard Park, NY housing market is a great way to invest. We are here to show you what’s available now!