Building a future with investment properties.
Are you interested in generating additional income by being a landlord and owning multiple properties?
There are three common mortgage options:
- If the home you are purchasing has a legal suite or is a duplex/fourplex and you plan on living in one of the units. The minimum down payment would be 5%, you can also potentially use the rental income to help you qualify for the home.
- You can turn your current home into a rental and purchase another home to live in with a minimum of 5% down.
- If you are looking to purchase a rental property, 50% of the rental income can be used to help qualify for the purchase. The minimum down payment is 20%.
If you are considering purchasing an investment property, the Mortgage Sisters West can match you with the right bank.