Investment Property Loans

Vacation Homes Vs Rental properties:

Vacation homes are often investment properties, because the owner of a vacation home hopes the property proves to be a good long-term investment. When that home is a rental or income-producing property, however, “investment” means something different and has different tax consequences. Depending on how you use your second home, Internal Revenue Service regulations will define your home as a personal residence or rental property. If you plan to occupy the home for more than 14 days per year or more than 10 percent of the time it’s rented, the IRS deems it a vacation home, regardless of your definition. Should you occupy the property for less than IRS minimums or not at all, you own a rental or investment property. The ways you use or occupy the home usually defines the property’s true category for tax purposes.

Rental properties are purchased for the owner to generate rental income on a property that the owner does not intend to occupy as their residence.  Pacific Mortgage Exchange, Inc. specializes in helping buyers purchase income producing properties.  Our main niche is income producing single family homes.  We have several loan options that allows the buyer to use the income of the property to qualify for the loan.   In addition to single family homes we will also lend on multi-unit residential properties, apartment building and commercial buildings.

Please contact us for more information!