Income Property
* Property which produces income from rentals and profits.
* Any property, including land, which earns you money.
*A property that is developed or improved for the purpose of generating income. Also
referred to as "non-owner occupied property" or "rental property".
Example:
As a mortgage banker or private loan lender
I can tell you that with a favorable credit there are numerous programs that will allow for NO
DOWN PAYMENT (In this case the entire $300,000 would be financed) on investment properties
or Income properties. Keep in mind if you borrow the entire purchase price your
monthly payment may be high thus giving you a negative cash flow on your investment.
