If you’re a real estate investor, and active seeking real estate deals, rehabbing them, placing tenants to provide cash flow in your properties, it’s been a rollor coaster ride when it comes time to refinance your investment property.
The investors that we have wholesaled our investment properties in Philadelphia, as well as our own properties, have seen the rates stabilize a bit.
Stan Bril of GFI Capital Resources, has rates in the mid-5% area, fixed rates are available for terms from 10 years to 40 years, and most times Debt To Income ratio (DTI) is not an issue. And they have refinance programs up to 75% LTV.The best thing to do is contact SEVERAL finance sources and see what they have. Check out our website for some sources to start with. Click on the “Refinance” and “Hard Money” buttons on the left.
Investors seeking cash flowing properties might take a look at the real estate we have available in South Philadelphia and West Phila. Some are flips and some work both as flips or buy & holds.
It’s always recommended to get to know an area you’re looking to acquire property investments. You’ll find a wealth of information for South Philadelphia in the South Philly Review. For West Philadelphia, West Philly News seems like a good source. Especially check out the article on the Baltimore Ave. eateries.
We have a property on the 5400 block of Baltimore Ave.
Check out our Philadelphia investment real estate properties by clicking here.
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