Real Estate Properties are available at deep discounts and so it is a good time to consider purchasing a rental property. However the hardest part of purchasing a rental property is getting a loan. Investors purchasing rental properties for cash are kings. Most investors are being asked to put 30% to 40% down. Some of them hope to cash out their investments when financing is more relaxed.
A conservative cash rich investor can take advantage of cash-collateralized loan to purchase rental properties. Many banks are offer this type of loan with interest rates as low as 5% and amortization schedule up to 30 years. Some cases they offer interest only loans.
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