You can purchase an investment property, whether it be a fix and flip or fix and hold, with a No Doc loan from First Choice Funding Group, and you can finance as many investment properties as you want under your LLC or Corporation. A No Doc loan means exactly that, No Documentation, such as tax returns and profit and loss statements and any other documentation that a traditional bank may ask your business for is not required for your business to get a loan for buying residential and / or commercial investment properties. First Choice Funding Group will finance 80% of the purchase price and 100% of the property rehab costs; all you need to close is 20% down plus your closing costs, that’s it! That is very exciting to know because a lot of real estate investors are self employed and write off a lot of their business expenses and the tax write offs can lower your taxable income, which is great for tax purposes but not so great when having to apply for a loan or mortgage from a bank and they ask to see your tax returns; the lower income that the tax write offs produced can disqualify your business from getting the loan or mortgage that your business is applying for; that is why a No Doc Real Estate Loan is very beneficial for the serious real estate investor.
First Choice Funding Group’s No Doc Real Estate Loan program has 24 month, interest only loan payment terms for fix and flips; fix and hold loans are of course amortized over 30 years. Interest rates are very competitive and closings are fast, usually within 2 weeks!
If a No Doc Real Estate Loan is what you are looking for, click here for more information.
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