Benefits Of Acquiring An Investment Property

Tax Benefits. The IRS allows you to deduct many expenses connected with rental property.

Passive Income. A rental property with tenants means a steady stream of monthly income. This extra income can help you pay down your mortgage. 

Seasonal Rentals. A property you rent seasonally allows you to use it yourself for 14 days per year—or 10% of the number of days you rent it to others—and still reap the tax benefits. 

1031 Exchange. This allows you to sell a rental property and invest in another of “like kind” without being hampered with capital gains taxes.

Investment Properties

We’re ready to partner with you for the long run. If you want to make a consistent income with investment properties, it’s important to have a reliable mortgage partner to help you get the best rates on a consistent basis. Contour Mortgage can help with all your investment needs.

Competitive Down-Payments and Interest Rates

Down-payments for investment properties are a bit higher than for primary residences—typically at least 20%, and up to 30%, but this depends on the rest of your credit profile. Interest rates are also a bit higher—usually more than 5%. Contour Mortgage will work with you to find the best terms in each area so you can get the maximum returns.

Get started with your investment or second home mortgage process.

Contact Contour Mortgage Today