Easy & Affordable Rental Property Loans From CU Network Services
Interested in being a landlord? Rental investments can be a challenge, as well as, be financially rewarding. From evaluating properties, managing the list of to-dos, and negotiating deals, first-time investors may feel overwhelmed at times. First, let’s take a look at a couple of options before purchasing your rental property.
Long-Term Rentals – Location is key for successful long-term rentals. Rental income is a popular way to generate a positive cash flow. In addition to purchasing a property at below market value and making upgrades to increase the overall value, choose a location where the price-to-rent ratio is high. Honolulu is already one of the top U.S. cities with the highest rent ratio and this is good news for an investor!
Vacation Rentals – Hawaii is a prime vacation destination and a high-traffic tourist area, so you can’t go wrong with investing in vacation rentals. The downside is that you won’t be able to depend on a steady cash flow due to vacancies from short-term rentals during low peak seasons. As long as the price is right and your unit is always rented out, you can easily earn additional rental income.
When you’re ready to take the first step, CU Network Services has knowledgeable staff that can help provide mortgage financing for the purchase of your first rental property. Or, if you’re looking to fix up an existing property or build from scratch, explore our low-rate HELOCs with financing in as little as three weeks or our Builder-Construction Loan options. Apply online at CUNetworkServices.com, call them at 529-4599 or visit their office at 715 S. King Street, Suite 100.