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Show me the Money!
 
 
You have made the decision to jump into real estate investments.  You have found the perfect “starter” property.  Now you just have to figure out how to pay for it. Once upon a time, financial institutions passed out loans like calendars, but today the tightened credit market can make it tough to secure loans for investment properties.  However, with some planning, a little creativity and a bit of good luck, such loans are within your grasp.  These five tips can help ensure you obtain that all important capital.
 
You’ve Got to Have Money To Make Money
Unfortunately there is a lot of truth to that old adage.  You are going to need to put at least 20 percent down and 25 percent is even better.   A second mortgage is a remote possibility but not easily attainable, and often just isn’t financially sensible.
What’s Your Number?
Although many factors go into figuring the terms of a loan, the biggest factor is going to be your credit score. 740 seems to be the magic number.  A lower credit score can cost you when it comes to figuring interest rates and points.
Borrow Locally
If you are a little sketchy with the down payment or you have other special circumstances ... more

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