Your #1 Income Property Resource.

 No Money Down Real Estate Investing Course
Learn How To Buy Income Properties Without Risk, Good
Credit, Money Or Tenants!

Click here for more information

 Welcome to! Visit the Real Estate Investing Forums.

Real Estate Articles 
 Real Estate 
 Second Home
 Success Stories
 Real Estate Q & A
 Real Estate News
 Real Estate Law & Policy
 Money Making Ideas
 Home Improvements
 Tax and Insurance
 Appraisal and Inspection
 Log Homes
 Mobile Homes
 Home Buyers
 Constructions and Home Buildings
 Real Estate Investing 
 Vacation Home
 Rental Property
 Preconstruction Investment
 Marketing Secret
 Joint Venture
 Land Investment
 Lease Purchase
 Probate Real Estate
 Real Estate Clubs
 Short Sales
 No Money Down Investing
 Fixer Uppers
 Resort Home
 Loft Apartment
 Property Development
 Tax Incentives
 Investing Strategy & Tips
 Real Estate Wholesale Property
 How To Articles
 Subject To
 Real Estate Books
 Apartment Investing
 Commercial Real Estate
 Residential Property
 Hotels and REITs
 1031 Tax Deferred Exchange
 Investment Property
 Real Estate Advanced Techniques
 Trust Deed Investments
 Creative Home Buying
 Wholesale Real Estate
 Real Estate Auctions
 Tax Lien Certificate
 HUD Homes
 Real Estate Regional USA
 Austin, Texas
 Colorado Springs
 Reno, NV
 Market Analysis
 Property Management
 Condo Conversion
 real estate guru
 Bank Foreclosure
 VA Homes
 Buy To Let
 Rent to Own
 Tax Deed
 Stop Foreclosure
 Retirement Planning
 Real Estate Investors
 International Real Estate
 United Kingdom
 Real Estate Seminars
 Condo Hotel Investments
 NNN Properties
 real estate notes
 Real Estate Education
 REO Properties
 Life Estate
 Income Properties
 Mortgage and Finance 
 Mortgage Leads Generation
 Mortgage Leads - Leads Mortgage
 Mortgage Marketing
 Creative RE Financing
 Hard Money Lender
 Debt Consolidation
 Income Property Financing
 Home Equity
 Credit Repair
 Mortgage Tools
 Home Construction Loan
 Commercial Loans
 Owner Finance
 Private Lenders
 Discounted Notes
 Assumable Mortgages
 Seller Financing
 Equity Lines of Credit
 Real Estate Pros 
 Real Estate Agent and Broker
 Mortgage Agent and Broker
 Real Estate Marketing
 Real Estate Consultant
 Real Estate Resources 
 Mortgage Foreclosure Example
 Mortgage Origination forms
 Property Transfers
 Tenancy Agreement and Form
 Internet and Online

Mortgage and Finance : Income Property Financing Last Updated: May 14th, 2012 - 22:24:01

Acquiring Income Producing Financing Takes Time and Effort
Email this article
 Printer friendly page

Income property financing is probably most involved financing youíll ever seek. The income means that making payments should be easier, making lenders more likely to finance. But the potential problems with this type of property make lenders look closely at the property deal, and at your ability to manage the property before approving income property financing.

Before you approach a lender for income property financing, take a careful look at the property. Is it likely to pay for itself? Are there repairs needed to get it running to full potential? Do you know anything about this kind of business?

One way you can convince a lender that financing income property for you is a good risk is to create a business plan. If you donít know how to create a professional business plan, look for online sources on the topic. Your plan should include expenses and revenue in the propertyís current condition, along with any changes you plan to make if you are approved for income property financing. Then put together projections for income and expenses over the next year, two years and five years. Longer projections should be made if itís practical to do so. Presenting a business plan along with your application for income property financing will alert the lender that this isnít a passing idea, but that youíve already put thought and effort into the project.

An appraisal and inspection can also help you gather information that will help in your quest for income property financing. Remember that an appraisal and/or property inspection may be required before a lender grants the income property financing and you may be paying for the service twice if the lender wants to hire their own professionals. You have to decide whether itís worth the cost, but take a look at some of the information you can gather from these services.

An appraiser who is familiar with valuing income property will not only tell you what the building and land are worth, but will give you the value of the property considering its income producing capacity. That can give you an important heads up about the asking price and what you should be willing to pay, as well as what a lender is likely to allow if the income property financing is approved.

A property inspector will also provide some important information. Mechanical and electrical systems will usually be part of an inspectorís service. Youíll know whether the air conditioning and heating units are in good working order, and probably be alerted to things such as the fact that the systems are old. Termite damage, structural issues and even code violations (important if the property is an apartment building) may be part of the inspectorís report. Armed with this information, youíll be able to create a realistic business plan to present to a lender when you ask for income property financing.

Income property financing requires more effort than most types of financing. You may be called on to present additional information before your income property financing is approved, including records from the previous owner. Just remember the reason youíre searching for the income property financing in the first place Ė the potential this particular property deal is offering.


Do you own real estate articles or stories and want to share with other investors? 
You have chance to win
$100 Amazon Gift Certificates. We will give away 3 prizes for top authors each month!

Email your articles or stories to:


© Copyright 2001 - 2010 by            Page copy protected against web site content infringement by Copyscape   



Visit Real Estate Forums for every real estate investing topics!  Enter Here


Top of Page

Home Courses Real Estate Forms Income Properties For Sale Forums CalculatorReal Estate Education    

Copyright © 2001 - 2010, All Rights Reserved. Privacy Policy in Observance.