Investment Property Financing
In this discussion, we are
going to focus on the issues pertaining to investment property financing and the
number of different avenues that you can take as you progress through your
operations of acquiring income producing commercial properties as well as
residential properties. For most, it should be noted that you will need to put
up a substantial down payment as a relates to the investment property financing
that you need in order to acquire a specific property whether it is commercial
or residential in nature.
First, we discussed the down
payment that is required by a number of financial institutions as it relates to
investor property financing. In today's economic climate, many banks have now
started to require that individuals for real estate investment companies but up
at least 15% to 20% of the total value of the property in order to acquire it.
Unlike two years ago, this is due to the fact that financial institutions the
longer ones take the substantial risks that are associated with investing in
income producing real estate. If you are unable, on your own, to properly secure
the equity investment that you need in order to act as the down payment for the
income producing property that you're seeking to acquire you may want to work
with a private real estate investor that would be able to put up the capital
that is required to serve as the initial collateral for your acquisition of
income-producing presidential worker martial property. There are a number of
different investors out there that are seeking to acquire properties, at a
highly undervalued rate, given the fact that the residential and commercial real
estate markets have drastically declined in value substantially over the past
three years. With the easy credit that was provided during this time, the demand
for real estate increased substantially to the point where it became a
speculative bubble, and as such the values of both commercial and residential
real estate became extremely overinflated. However, as will be discussed in some
of our future articles as it pertains to the nature of why housing prices and
real estate prices drops of substantially, the free flow of credit, and why the
valuations of properties fell so quickly and drastically. As such, this is why
we're going through a substantial discussion not only in the value of real
estate but also through the acquisition of investment property financing.
Investment property financing
can come in a number of different forms. First, in the most traditional way of
receiving this type of funding, through a traditional financial institution is
willing to provide you with a mortgage for the property that you're seeking to
acquire based on the ongoing expenses of the business for specific property that
you're looking to purchase with financing that you need. In many instances, it
may be in your best interest to seek out a 30 year mortgage that has a fixed
interest rate so that you are able to determine the ongoing expenses, on an
ongoing basis, as it relates to the interest and principal repayment and acquire
to pay on a monthly basis. Of course, not every real estate investor who
qualifies for a conventional 30 year mortgage as it relates to the acquisition
of income producing properties. Given the fact that the risks related to real
estate investment have increased substantially over the past three years and
maybe in your best interest to source a substantial amount of equity capital
from private real estate investors that you can work with, on an ongoing basis,
they're willing to fund your deals so that you are able to effectively receive
the capital you need in order to capitalize on lucrative real estate projects.
Of course, this makes the assumption, that you had a number of contacts with
multiple investors that are looking to purchase real estate that is highly
undervalued given the current state economic climate. When you are seeking real
estate investors for the acquisition of residential and commercial properties
you can before you aware that these individuals or businesses are going to want
a substantial amount of activity as it pertains to the specific residential or
commercial property that you're seeking to acquire. This is primarily due to the
fact that because they're putting up all the requisite capital that is needed in
acquire this financing that they're going to want a substantial return on their
investment as it pertains to the risks associated with your real estate
ventures.
As you will continue through
our discussions as it pertains to investment property financing, again, there
are so many different ways that you can effectively acquire the properties that
you need in order to not only pay the ongoing expenses of the intended
commercial or residential property you are seeking but also there are an
unlimited number of ways as to how you can finance your real estate purchase.
This specific article will, again, focus on a number of different ways that you
can effectively became investment property financing not only for the
acquisition of equity capital but also to the acquisition of capital for
investment property acquisitions.
Returning to our discussion
pertaining to the down payment that is now going to be required in order to
obtain the properties that you need will be approximately 10% to 20% of the
total value of the property in order for a traditional financing institution to
provide you with the capital you need in order to expand your real estate
business. As such, you may be required to source this type of financing is by
having direct contacts with real estate investors that have a substantial amount
of capital that is available for the acquisition of properties that are
economically viable. In regards to the economic viability of the acquisition of
income producing properties then you are going to need to specifically focus on
the capitalization rate and rent roll generated by the property that you're
targeting for acquisition. For many investors, especially in today's real estate
environment, most equity investors, as it relates to your real estate
operations, are going to seek a capitalization rate of anywhere from 10% to 20%
of the total free market value of the property that you are seeking. Although
this seems that this is a substantial return on investment, it should be noted
that if you're operating a real estate investment business then you are also
going to incur a number of other expenses relating to property taxes, utilities,
maintenance, upkeep, and other expenses related to the ongoing management of
commercial and residential properties that you work what do you are acquiring in
conjunction with working with a real estate investor. When you are working with
third party real estate investor, as it pertains to investment property
financing, they're going to want the lion share of the income that is produced
from the property while concurrently maintaining an ownership interest in the
property so that they can generate the capital appreciation that is anticipated
by holding to the specific parcel of land over a significant period of time. Any
time that you work with a real estate investor, as it pertains to investment
property financing, you should have a number of different contracts in place
that not only seek to provide you with a limited amount of liability as it
pertains to the ownership of the property that you're quite right but also
clearly spells out the ownership interest between you and the real estate
investor. These contracts will also discuss the ongoing property management of
the business as it relates to working with a passive real estate investor is
simply seeking to generate return on their money while you manage the day-to-day
operations of the property that has been acquired via the real estate investment
funds that have been put up by an equity investor. When working with an
individual real estate investor or a number of different real estate investors
then you need to comply with your state securities laws as it pertains to
selling interests in the specific property or real estate investment firm you
are operating. Only qualified real estate attorney that has a background in
securities law will be able to effectively make the determination as to whether
or not you can raise the capital that you need from the investors while
remaining within the letter of the law pertaining to securities. In many
instances, when you raise capital from the general public or business public you
are going to run into specific regulations that relate to the sales of real
estate properties as you aggregate them in the work developing real estate
investment firm. One of the key tenets, as it relates to investment property
financing, that you have a very well defined plan as for as the appropriate
documentation in place so that you can effectively raise the capital you need
while concurrently acquiring the residential and commercial properties that are
lucrative for your business.
The second component of raising
capital for investment property financing is from the traditional bank loans and
hard money loans. As we discussed earlier, you and your company, are going to be
required to put up a 10% to 20% investment in the specific properties that you
are seeking to acquire. This, of course, relates to the fact that banks and
other financial institutions have become increasingly wary of working with real
estate investors that are seeking to acquire property at this time. One of the
best ways to be able to obtain the data financing that you need as it relates to
investment property financing is to find properties that are being sold for a
substantial amount under the free market value. With the substantial number of
foreclosures in place, both by individual owners as well as real estate
investment firms, the demand for low cost properties has increased
substantially. In fact, as of the last economic report as it relates to the
sales of existing properties, the demand for real estate has increased by 10% on
a monthly basis over the past three months as a number of real estate
entrepreneurs and investment firms have come to realize that they will are able
to acquire the income producing assets for his an amount that is substantially
lower than their free market value. As such, the deals that you can receive, as
it relates to the acquisition of residential and commercial properties, is
substantial in any given geographic market was in the
United States. As we discussed previously, many
of these investment producing properties are being sold for $.50 on the dollar
so that individuals as well as real estate investment firms divest assets that
are not producing the income that is required for the mortgages that they
obtained during the real estate boom.
Primarily, when you are seeking
financing for the acquisition of investment properties in the most likely going
to want to seek a long term mortgage that has a fixed interest rate. However,
unless the property that you are seeking to acquire via your income producing
real estate operations has an extensive rentable roll then you may not qualify
for traditional bank financing as it relates to the acquisition of specific
properties that you are seeking to add to your individual portfolio for your
real estate investment portfolio.
We're going to continue our
discussion as it relates to investment property financing among a number of
different channels that you can use in order to acquire the properties that
you're seeking in both a commercial and residential capacity. As we've discussed
earlier, the most common form of financing that you can use to initially launch
your real estate investment operations is through the usage of capital from
equity investors that will stake your real estate acquisition activities as it
pertains to the ongoing acquisition of income producing properties.
In this part of the article, we
are to focus on the usage of debt capital as it pertains to acquiring these
properties in conjunction with investment property financing.
It pertains to be that
financing will be seeking to your real estate operations; the most common source
of financing is approaching a traditional financial institution so that you can
receive a long-term mortgage that has a fixed interest rate as it pertains to
your acquisition of commercial and residential properties. The most important
aspect when you're seeking this type of
financing are going to meet exacting business plan as well as the commercial
property plan that clearly showcases to financial institution the ongoing rent
roll that has been generated by this residential facility for commercial
facility so that you are able to effectively showcase that the incumbent is
received by renting the property to tenants is able to effectively support the
debt service the undertaking as it pertains to the month on month principle and
interest payments that will be required from you. When you are developing a
business plan specific for investment property financing then it is imperative
to you form of showcase the rent roll, property taxes, utilities, and other
expenses that would be required to be paid on a month-to-month basis as you
progress through your real estate investment acquisition operations. This is
especially true of you are operating a specific type of financial company that
is specifically engage in the business of the investment acquisition. The other
things you were going to show to a financial is attention as you look wire of
financing for the acquisition of your properties is the anticipated capital
appreciation that you will receive a significant frame as you hold the property
over a three-year, five year, a seven year time frame. This is most important
facets to receiving an amount of funding from a traditional financing
institution, hard money lender, or real estate investor is looking to generate a
substantial return on their investment through the ongoing income that is
received that will be used to pay down the mortgage that you have undertaken to
require the property walk-on currently showcasing the amount of equity that will
be developed through the ongoing holding of this property for a year, five year,
seven year, and ten-year time. TheFinanceResource.com has provided you with a
number of different property analysis tools that you can use as it pertains to
your ongoing acquisition of income producing properties so they could receive
the financing you need as it pertains to investment property financing. Of
course, this means that the current owners should have provided their past three
years of property income tax returns to you and your company so that you can
effectively developed the business plan and commercial real estate plan that you
will need to produce for each individual property that you intend to acquire
walk-on currently showcasing the operations off your entire real estate
investing business.
Of course, in addition to
seeking will equity partners as well as traditional bank financing there are a
number of different ways that you can acquire the properties without having to
go through traditional securities channels as well as traditional financing
channels. As per our previous discussion as relates to residential hard money
lenders and commercial hard money lenders there are a number of different ways
that you can engage in creative financing as it pertains to your income
producing asset acquisition activities. However, as we have discussed
previously, typically these alternative forms of financing are very expensive as
it pertains to acquiring new properties for your real estate portfolio. As such,
again, we strongly recommend that you use are seeking alternative methods of
financing your property acquisitions they work very closely with a certified
public accountant and attorney who can properly advise you as to which
methodology of financing is most appropriate for your investment property
financing activities. It goes without saying that if you have the appropriate
counsel/employees and if you have the appropriate documentation place, as it
pertains to investment property financing, then you will be able to entertain a
number of potential deals from a number plate potential lenders so that you able
to get the best interest rate and terms as it relates to the interest rate for
the credit obligation you are undertaking while of focusing on the closing costs
that are associated with the mortgage that you are seeking for more income
producing property acquisitions. If you able to do this appropriately then you
will be a much better position to make an informed decision as a relates to
which type of real estate financing that is most appropriate to you as it
pertains to your investment operations overall long-term..
One key ways of receiving the
financing that you need is by working with mortgage brokers that specialize in
residential hard money lending as well as commercial hard money lending so that
you can acquire the property need with the intent to refinance this capital over
a one year or two year period so that you can refinance this specific type of
mortgage. In most instances, where hard money it is in picture, the intent is to
refinance the this form of capital so that you are able to effectively produce a
positive income from the rent roll that you receive by an ongoing month-to-month
basis. However, we again strongly recommend that if you do intend to work with
residential hard money lenders were commercial hard money lenders that you are
well aware of the terms that are associated with providing you with the capital
that you need in order to acquire the income producing properties that you were
seeking. Of course, the usage of hard money for the quick acquisition of new
properties is one of the few methods that can be used in order to close the deal
on a relatively fast basis. If you intend to use hard money mortgages for the
acquisition of income producing real estate then you continue to review the
articles that we have produced as it pertains is matter and that you are fully
aware of the substantial fees that are associated with this set of financing. It
goes without saying that the usage of hard money lenders, as it pertains to
investment property financing, is a very expensive proposition and you should be
well aware of all the terms that are associated with the usage of disk specific
for financing due to its very high costs.
The other ways that you can
continually finance your acquisition of residential and commercial real estate
properties used in the development of a formal real estate investment firm. If
you were seeking to acquire investment property financing then it may be in your
best interest to develop a complete that allows you to the appropriately raise
capital from a number of different investors a model of a number of different
states as it pertains to the acquisition of properties. Typically, if you are
looking to develop the source of investment property financing then you are
going to need two different entities when you are going to meet established two
different entities as a pertains to the specific operations. First, there is the
need to develop a limited liability company that served as the managing partner
for any property that you acquire through your investment property financing
activities. Second, you will need to develop a specialized limited partnership
that allows you to effectively sell interests to third-party real estate
investors that have an interest in acquiring undervalued properties for
lucrative real estate investment deals that will ensure that the risks
associated with these types of investments are solely placed on the limited
liability company that you've established to act as the general partner to the
limited partnership that is raising capital.
Of course, it goes without
saying that you'll need to work very closely with a securities focused firm that
has an extensive background in real estate decide to take this route as it
pertains to the acquisition of income producing residential real estate as well
as income producing commercial real estate. If you decide to engage this type of
financing, as it pertains to your real estate investment operations, then you
absolutely need to have the appropriate counsel in place to guide you through
the myriad of state securities laws as well as federal securities laws as it
pertains to appropriately raising capital while remaining within the letter of
the law. Any time that you establish a limited partnership, as it relates to
investment property financing, you need to be aware of the fact that he may
interpret the realm of raising capital and a securities capacity despite the
fact that you intend to use his financing for the acquisition of real property.
However, in some instances, there are certain exemptions that may be in place as
it relates to the ongoing acquisition of real property for your real estate
investment firm. However, again, only a qualified attorney to make this
determination for you as it pertains to whether or not you are actively engaged
in the sale of real estate or whether or not you were actively engaged in the
REIT sale of securities as it pertains to income producing properties. This is
especially true if you raising capital among a number of different investors
that reside in a number of different states. As we discussed earlier, there are
a number of exemptions that are in place that let you to effectively raise
capital for your real estate investment operations without needing to file a
tremendous amount of paperwork with the Securities and Exchange Commission.
However, if you do intend to raise a significant amount of capital from real
estate investors that operate outside kind of be specific exemption or
restriction that you're operating within the you absolutely need to ensure that
you have the appropriate documentation place so that potential investors a well
aware of the risks that are associated with your ongoing acquisition of
commercial real estate as well as residential real estate.
In conclusion, as we have
discussed this specific article, there are a tremendous number of ways you can
finance the acquisition of income producing real estate while concurrently
focusing on potentially financing the real estate data firm holdings very
significant timeframe. As we continue to produce new articles, one of the
running themes from the articles that we produce for TheFinanceResource.com is
that you should be always aware of the fact that any time that you work with any
type of real estate equity investor, traditional financing source, for hard
money lender then you need to be fully aware of the costs that are associated
with the acquisition and ongoing management of these properties so that you can
ensure that for each new property that you are acquiring for this specific asset
will produce not only positive cash flow will also cover the costs associated
with building and maintaining this property.
Finally, we thank you again for
tuning into our series of articles as it relates to with the investment capital
that has been published and produced by TheFinanceResource.com. We will continue
to provide you with new insightful advice as it relates to the ongoing
development and acquisition of real estate property as time progresses and we
certainly continue to hope that you check in with us on a regular basis as it
pertains to the specific issues as you progress through your real is the
investment operations. In our next article intend to focus on the issues as it
relates to investment property financing through the acquisition of long-term
mortgages so that you can generate the highest amount of ROI as it relates to
the ongoing issues of your investment holdings but also as it relates to the
acquisition of property through debt financing.