5 Common Sense Tips for Funding Your Investment Property PurchasesWith the tightening up of lending in recent years, it's tough for some to obtain bank loans for investment properties. But, private money loans are within reach for those real estate investors who are seeking financing for their investment properties. Here are 5 commons sense tips for obtaining financing for your investment property purchases:1. Look into Hard Money or Private Money LendersFind a hard money lender or a dedicated hard money broker who knows all the real lenders from the bogus lenders. of fee collectors who will take an upfront fee and never provide a loan.2. Have a Down Payment or Cash EquityMost private money lenders require at least a 20% down payment. The more you can put down, the lower the interest rate in most cases. 3. Check your Credit ReportPrivate lenders look for judgements, tax liens, and mortgage lates. In today's market, credit is more scrutinized by hard money lenders. 4. Check Your Bank ReservesMake sure you have enough reserves to carry a property beyond the obvious hard and soft costs in the initial number crunching. Some lenders will want to see a reasonable amount of reserves to cover unforeseen expenses, particularly on a rehab property.5. Take Advantage of Seller Financing OptionsMany sellers are willing to work with you in today's market. If they won't carry the entire purchase price, they may carry a portion. Make sure your lender is ok with a seller carry and find out how much they will allow the seller to carry. What other tips would you add to this list? Please share.July 03 2012 - US00YesReport a ProblemProblemSelect oneOffensive contentIrrelevant contentSpam (pure self-promotion)OtherDetailsYour emailPlease enter a valid email address.Submit CancelContent flaggedWe will review this content. Thanks for helping make the site more useful to everyone. To learn more, read Zillow's Good Neighbor Policy.We're sorry. This service is temporarily unavailable. Please come back later and try again.