You can get a real estate investment loan from commercial banks, private lenders, credit unions, savings banks, and savings and loan associations.
In fact, wherever you get your regular financing and loans, chances are good that you can also get a loan to start your career as a real estate entrepreneur. Of course, just because your regular financial institution offers a real estate investment loan does not mean that you should take out that loan.
Like all debts, you will want to do your research and find not only a loan with a great rate, but also one with great terms.
Before you even go hunting for your real estate investment loan, you may want to take stock. Research the types of loans available. You will find that there are many types of real estate investment loan services out there, so you need to get familiar with the jargon.
For example:
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You may encounter a loan called the residential category loan or the Non-Owner Occupied (NOO) loan.
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This is for investment properties under 4 units which are purchased for future appreciation and rental.
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