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SimpleRent

SimpleRent is for landlords looking to build passive cash flow. Single properties or Portfolios. Refinance or Puchase.

SimpleRent Terms

Simplending provides no income verification loan products for 1 to 10 units. With both Fixed Rate & ARM Options

LOAN CRITERIA
  • Collateral:
    Non-Owner Occupied 1–10 units; Condos; Townhomes
  • Term:
    30 Years/ARM Options
  • Loan Amount:
    $55K–$5M
  • LTV:
    Purchase: The Lesser of Up to 80% of the As-Is Value
    or Up to 80% Loan-to-Cost
    Refinance: Up to 80% of the As-Is Value
    Cash-Out: Up to 70% of the As-Is Value
  • Property Value:
    “As-Is” Appraised Value Must Be Greater Than $100K
  • Credit Score:
    660 Minimum FICO
    No Prepayment penalty interest, Only payment 1-10 Units

Why a SimpleRent loan?

Passive Income

Passive Income

A rental loan allows you to purchase investment properties, enabling you to generate passive income through rent. This can enhance your financial portfolio and provide long-term wealth building.

Term Length

Term Length

30 year fixed ARM. This allows you to maximize cash flow in the early years while still enjoying the security of a long-term fixed rate after the initial period.

Tax Advantages

Tax Advantages

Rental loans often come with tax benefits, such as deductions for mortgage interest, property taxes, and certain expenses related to property management. This can help reduce your overall tax burden.

Leverage for Growth

Leverage for Growth

A rental loan allows you to leverage your investment, meaning you can acquire properties without needing to pay the full purchase price upfront. This enables you to diversify your real estate portfolio and increase your potential

FAQs

Several options come as loan schemes for rental property. There are conventional loans, FHA multiunit financing, VA multiunit financing, etc. However, you better avail yourself of a single property rental loan with minimal headache.

Of course, you can. However, you must talk to those loan providers who provide you with this tenure against your loan in the USA.

While applying for a single property rental loan, you must submit rental proof with proper IDs. You never need to showcase your income proof to the lenders for this type of loan.