Posted by JJ on August 21, 2003 at 20:26:43:
Why is financing an investment property a nightmare?? It can be done as easily as an owner occupied. If you buy a 1 to 4 units, if your credit scores are high enough, you can show some income, you may even qualify up to 100% LTV, just as you would for an owner occupied. The only difference is the interest rate is slightly different than the owner occupied properties.
But if the property is 5 units and above, then its a different ball game.
There are plenty of programs for investors all over the country–especially in California. Some states are harder to do, but still available. If I can help you further in anyway, let me know. FYI, I am also in Southern California (email@example.com)