How Will You Fund Your Investment?
Do you plan to use the equity in your current home for a down payment? There are several options to access that equity, including a Home Equity Line of Credit (HELOC), a second mortgage, or even refinancing to cash out. The best option depends on whether you plan to keep your home long-term, turn it into a rental, or sell it. We’re here to help you weigh the options and determine the best route for your investment.

What Are the Tax Implications?
Potential tax deductions can be a big advantage when purchasing an investment property. In addition to possible cash flow, you may be eligible to deduct various expenses related to the property. However, it’s important to understand how these deductions and the cash flow will affect your taxes in the long run. Please consult with your tax advisor for personalized guidance.

What Will It Cost You?
Understanding the total cost of your investment is crucial. Consider both your initial investment and the ongoing monthly expenses. Research local rental rates and vacancy trends to ensure your property remains profitable. Also, think about property management—will you handle it yourself, or hire a management company? We’ll help you plan for all the financial aspects of your investment.

What Are Your Investment Goals?
Are you looking to fix and flip, or do you plan to collect rental income over the long term? The type of investment strategy you choose will influence your financing options. We’ll walk you through different loan products, highlighting the pros and cons to ensure you make the right decision for your goals.

Do You Need Rental Income to Qualify?
In some cases, rental income can help you qualify for a loan. Whether you can use rental income to offset payments depends on your experience as a landlord and the specific loan product. Be sure to consult with your loan advisor to explore all the possibilities.

*We are not licensed tax professionals. Please consult your tax or financial advisor for specific tax and financial information.*