Investment Property Financing

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Whether you are purchasing a rental home or flipping a home to sell, investment properties carry high risks that may yield high return. Do your research, asses your property, and get creative with financing to it with your investment goals. Ready to grow your portfolio? Give us a call today!

Here are a few options for financing an investment property:

  1. CONVENTIONAL MORTGAGE LOAN - 20-40% down payment (more on loans here, by Investopedia)

  2. CASH - Having cash will always give you the most flexibility.

  3. HARD MONEY LOAN - qualify on the home itself. Also called fix-and-flip loan. (more on hard money loans here)

  4. HOUSE-HACKING - Purchase a duplex or triplex, live in one unit and rent out the other(s). Live for free while building equity and preparing for your next purchase. (more on house hacking here, from the experts on house hacking, Bigger Pockets)

  5. HOME EQUITY LOAN - pulling money from your current homes equity accumulated. This could possibly be up to 70-80% of the equity. (more on home equity loans here)


Rent vs. Buy

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The answer to the Rent Vs Buy question is constantly evolving to your current situations and your goals.

There are a few main points to consider:

1 — Where do you want to live? How long would you like to live there?

>> Neighborhood Safety

>> Schools

>> Drive Time to Work, Shopping, & Recreation

2 — The purchase price of the homes in the area.

3 — Down payment / Loan programs / Interest rates / Mortgage term

4 — What is the cost of renting a similar home

5 — Buying a home is an investment. It is a great opportunity to build equity each year

** If renting still outweighs the benefits of buying, those savings must be invested, not spent.

 

 

Curious about your purchase power? Reach out to a lender and they can let you know where you stand, what loan options are available to you and what you could possibly improve on. Then, reach back out to us and we can begin searching for your dream home!

Quick Fix Tip: Lost Power

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Have you lost power to some or all parts of your home? Do your neighbors have power but you do not?

There may have been a power surge. 

1. Check your breakers. If one doesn't look like the rest, it means it is tripped. 

2.  To reset a breaker, turn it to the off position and back to the on position.  

3. If it trips immediately, call an electrician.

 

 

Fastest Growing Cities in Texas

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6. ODESSA, TX

>> 2010-2017 population change: +14.6%  (from 137,079 to 157,087)

>> 2010-2017 population change due to migration: + 7,828

>> Largest 12 month change: +5,269 (2014-2015)

>> Median household income: $53,254

 


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5. DALLAS-FORT WORTH-ARLINGTON, TX

>> 2010-2017 population change: +14.7%  (from 6,451,833 to 7,399,662)

>> 2010-2017 population change due to migration: +555,586

>> Largest 12 month change: +152,393    (2015-2016)

>> Median household income: $63,812


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4. SAN ANTONIO-NEW BRAUNFELS, TX

>> 2010-2017 population change: +14.9%  (from 2,152,961 to 2,473,974)

>> 2010-2017 population change due to migration: +210,637

>> Largest 12 month change: +50,635    (2014-2015)

>> Median household income: $56,105


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3.  HOUSTON-THE WOODLANDS-SUGAR LAND, TX

>> 2010-2017 population change: +15.9%  (from 5,947,419 to 6,892,427)

>> 2010-2017 population change due to migration: +533,390

>> Largest 12 month change: +167,325    (2014-2015)

>> Median household income: $61,708


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2. MIDLAND, TX

>> 2010-2017 population change: +20.4%  (from 141,788 to 170,675)

>> 2010-2017 population change due to migration: +16,322

>> Largest 12 month change: +7,190   (2011-2012)

>> Median household income: $65,224


1. AUSTIN-ROUND ROCK, TX

>> 2010-2017 population change: +22.5%  (from 1,727,495 to 2,115,827)

>> 2010-2017 population change due to migration: +273,662

>> Largest 12 month change: +59,774    (2015-2016)

>> Median household income: $71,000


Data for the blog post was taken from Samuel Stebbins's article for USA TODAY on the fastest growing cities in the US. Photos from Adobe. 

Full Spectrum Property Management

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Our sister company is may be just the thing you're looking for! Full Spectrum Property Management manages properties across San Antonio, Austin & Surrounding Areas.

They'll take care of everything for you:

✔️ Leasing & Marketing

✔️Tenant Screening

✔️ Maintenance Requests

✔️ Electronic Collections & Payment

✔️ Evictions

✔️ Rehab

✔️ Tax Reporting

Give them a call today! Learn how they can help you grow your investment portfolio and get the highest and best use out of your property! (210) 281-4083

Restaurant Spotlight - The Dienger

If you haven't spent the a day discovering the hidden treasures in Boerne, you must.  From antique to everyday shopping, restaurants, wine bars, market square activities, car shows and so much more, there is something for everyone. 

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While on your adventure exploring Boerne, make sure to stop on in at The Dienger Trading Co for your breakfast, brunch, or lunch! Their menu is absolutely delicious and there is so much detail in every corner of their space.  After you finish up your coffee, head over to their adorable boutique.  You'll fall in love with the beautiful selection of items!