If you’re looking to invest in real estate, rental properties can be a great option. Whether you’re planning to purchase your first rental property or refinance an existing one, Efundhomes is here to help. Our long-term investment property loans offer low fixed rates starting at 6.75%, making it easier for you to finance your real estate investments.
With our cash-out option, you can access up to 75% LTV (loan-to-value) of your rental property’s equity. On the other hand, if you’re looking to refinance your rental property, our rate and term refinance option allows you to access up to 80% LTV.
At Efundhomes, we understand that investing in rental properties can be challenging, especially for foreign national clients. That’s why we offer reduced LTV rates of up to 5% for our foreign national clients. With our help, you can successfully invest in rental properties and grow your real estate portfolio.
Contact us today to learn more about our investment property loans and how we can help you finance your real estate investments.
At our company, we are proud to offer competitive low rates starting at a mere 10%* for hard money loans. These loans are specifically designed to provide financing for fix and flip projects, which can be an excellent opportunity for real estate investors looking to turn a profit. These loans combine the purchase of the property with 10%-30% down depending on the type of property, credit score and experience. These loans can also include up to 100% of rehab financing using draws, this loans are capped at a 70% loan-to-value (LTV) of the After Repair Value (ARV) totaling the purchase and rehab amount
Why work with a brokerage like Efundhomes instead of a direct lender? A direct lender can only offer you the services their company provides. A broker however can shop the loans and we at Efundhomes know which lenders work with certain areas better than others or we also have access to private lenders and a plethora of other type of lenders like Mezzanine lenders.
A BRRRR, which stands for Buy, Rehab, Rent, Refinance, and Repeat, is a popular real estate investment strategy that has gained a lot of recognition in recent years. It is a method that savvy investors use to build a profitable rental property portfolio without using their own money.
The BRRRR strategy starts with buying a distressed property that requires some level of repair and renovation. The investor then proceeds to rehab the property, bringing it up to a livable standard or even improving it to increase its value.
Once the rehab is complete, the investor can then rent out the property, earning rental income that covers the mortgage and other expenses. This rental income can also generate positive cash flow, which can be used to finance other investment properties.
After some time, the investor can then refinance the property, taking out a new mortgage that pays off the original loan and provides access to cash. This cash can then be used to repeat the process and purchase more investment properties.
The BRRRR strategy can be a highly effective way to accumulate wealth through real estate investments. It allows investors to leverage their money and time, generating passive income and building a robust portfolio of rental properties. However, it is essential to do thorough research and due diligence before embarking on this investment strategy, as it involves significant financial risks and requires a solid understanding of the real estate market.
Let us help you determine if your potential BRRRR deal really is a good one or maybe you should keep on looking.
Cincinnati, OH
$1,350,000 - 70% LTV
Philadelphia, PA
$1,277,500 - 70% LTV
Washington, DC
$648,000 - 70% LTV
Surf City, NC
$4,158,000 - 65% LTV
1671 Darley Ave
Baltimore, MD 21213
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*All loans subject to underwriting and approval.
Rates may change with market conditions.