229: How To Obtain A Loan For Income Property with Caeli Ridge

Get Rich Education

Keith Weinhold

Realestateinvesting, Income, Passiveincome, Money, Business, Wealth, Investing, Careers, Realestate, Kiyosaki, Real, Rich, Creatingwealth

4.3 • 602 Ratings

🗓️ 25 February 2019

⏱️ 45 minutes

🔗️ Recording | iTunes | RSS

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Summary

#229: Holy shift! Mortgage rates have hit their lowest level in a year.

5.5% interest rate and a 20% down payment for an income property are today’s terms.

740 credit score gives you the best rates.

Beyond your first 10 properties (single) and 20 properties (married), there is NO LIMIT on the number of properties you can buy (SFHs to four-plexes).

Though after 10 single / 20 married, your interest rate will be higher, though not by much.

Learn from Ridge Lending Group CEO & President Caeli Ridge about what you need to qualify for an income property loan today.

We discuss your DTI: debt-to-income ratio. I give an example of how to determine yours.

Want a cash-out refinance of your income property? 75% LTV for SFHs, 70% LTV for 2-4 unit properties.

Learn about why today’s smart money often buys 1-4 unit properties rather than larger apartment buildings …

… it’s the safety & stability of 30-year fixed loans.

Remember, last month on the show, Jim Rogers told us interest rates will go much higher over the long-term.

__________________

Want more wealth?

1) Grab my FREE E-book and Newsletter at: GetRichEducation.com/Book

2) Actionable turnkey real estate investing opportunity: GREturnkey.com

3) Read my best-selling paperback: getbook.at/7moneymyths

__________________

Resources mentioned:

Mortgage Loans:

RidgeLendingGroup.com

Find Properties:

GREturnkey.com

Cash Flow Banking:

ProducersWealth.com

Turnkey Real Estate:

NoradaRealEstate.com

QRP:

TotalControlFinancial.com

JWB New Construction Turnkey:

NewConstructionTurnkey.com

Follow us on Instagram:

@getricheducation

Keith’s personal Instagram:

@keithweinhold

Transcript

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0:00.0	Welcome to Get Rich Education. I'm your host Keith Weinhold. In the real world, compound interest does not build wealth. Leverage does and leverage comes from loans. What exactly does it take for you to qualify for an income property loan today on Get Rich Education? Learn the easiest way to create wealth and passive income with real estate.
0:23.6	Now you can access the best deals without the stress or hassle of having to find,
0:28.2	renovate, or manage those investment properties.
0:30.6	Nerada Real Estate saves you time by providing you with passive income investment properties
0:35.1	in some of the best U.S. markets.
0:36.8	Learn more at PassiveRealestateinvesting.com and download your in some of the best U.S. markets. Learn more at
0:37.8	Passiverealestateinvesting.com and download your free copy of the ultimate guide to passive
0:42.9	real estate investing. There's no obligation and nothing to buy. Simply visit passive real
0:48.3	estate investing.com. For a real estate investor like you seeking an income property loan,
0:53.5	go to Ridge Lending Group,
0:55.7	NMLS 42056. Over the years, you've heard President Chaley Ridge generously devote her time to you
1:01.9	here on the show as a guest. Ridge provides investment property loans in most U.S. states,
1:07.5	and you're going to find out how they've helped more people realize their dreams of
1:11.3	real estate financial freedom than any other mortgage lender in the entire nation when you
1:16.8	get started at ridg lending group.com.
1:22.2	You're listening to the show that has created more financial freedom than nearly any show in the world.
1:29.6	This is Get Rich Education.
1:51.9	Hey, you're inside GRE. From Jamaica, Queens, New York to Kingston, Jamaica, and across 188 nations worldwide.
1:59.8	I'm Keith Weinhold. This is Get Rich Education, but we're talking about exactly what it takes for you to qualify for an income property loan today.
2:02.8	Mortgage loan qualification is such an important part of investing, and the good news is that mortgage interest rates just recently fell
2:07.7	to their lowest level in a year. Let's consider that in the five ways that real estate pays you,
2:14.9	those five different profit centers that you have. Historically,
	...

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