{"id":939,"date":"2015-11-16T12:21:42","date_gmt":"2015-11-16T19:21:42","guid":{"rendered":"http:\/\/privatemoneysource.com\/broker-blog\/?p=939"},"modified":"2015-11-16T12:21:42","modified_gmt":"2015-11-16T19:21:42","slug":"rental-property-financing-in-2015-and-beyond","status":"publish","type":"post","link":"https:\/\/privatemoneysource.com\/broker-blog\/?p=939","title":{"rendered":"Rental property financing in 2015 and beyond"},"content":{"rendered":"<p><em>Clay Sparkman<\/em><br \/>\nIn this year of 2015, it seems that finding funds for rental property purchase and holding can be a bit challenging&#8211;perhaps more so than in past years.<br \/>\n<a href=\"http:\/\/www.huliq.com\/1\/why-finding-loans-rental-property-can-be-difficult-task-and-things-you-can-do-if-denied\">This recent article<\/a> by Corey Dutton discusses the issue, and suggests that hard money may be a good route to go in certain cases.<br \/>\nI happen to agree with that point of view. However, keep in mind that most hard money is short-term (1-3 years), so it may be a good way to pick up properties quickly, and it may be a good short-term holding strategy (that is, until cheaper bank money can be obtained *or* until a property can be sold after a short-term hold, but it is not a good long term option, in most cases.<br \/>\nPrivate money is also a good way to pick up distressed properties, rehab them, rent them out, and then seek take-out funding from a bank. (This is something that we specialize in and our quite comfortable pursuing.)<br \/>\nWe like rental properties in general, whether they be SFRs, MFRs, or commercial properties, so keep us in mind if you are thinking about going this route.<br \/>\n\u2013 Clay (clay@privatemoneysource.com, 503-476-2909)<br \/>\n<em>Clay is Vice President of Fairfield Financial, a primary source     for private money since 1964.\u00a0 Fairfield is currently targeting loans  in    OR, WA, AK, CA, CO, ID, FL, GA, ID, MT, NV, NY, OK and TX.\u00a0 To  submit  a   loan to Fairfield for consideration: <\/em><a href=\"http:\/\/www.privatemoneysource.com\/loanproposal.php\">http:\/\/www.privatemoneysource.com\/loanproposal.php<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Clay Sparkman In this year of 2015, it seems that finding funds for rental property purchase and holding can be a bit challenging&#8211;perhaps more so than in past years. This recent article by Corey Dutton discusses the issue, and suggests that hard money may be a good route to go in certain cases. I happen [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_s2mail":""},"categories":[2,13,20],"tags":[37,42,43,46,54,55,58],"_links":{"self":[{"href":"https:\/\/privatemoneysource.com\/broker-blog\/index.php?rest_route=\/wp\/v2\/posts\/939"}],"collection":[{"href":"https:\/\/privatemoneysource.com\/broker-blog\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/privatemoneysource.com\/broker-blog\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/privatemoneysource.com\/broker-blog\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/privatemoneysource.com\/broker-blog\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=939"}],"version-history":[{"count":0,"href":"https:\/\/privatemoneysource.com\/broker-blog\/index.php?rest_route=\/wp\/v2\/posts\/939\/revisions"}],"wp:attachment":[{"href":"https:\/\/privatemoneysource.com\/broker-blog\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=939"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/privatemoneysource.com\/broker-blog\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=939"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/privatemoneysource.com\/broker-blog\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=939"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}