Rental Property Loans

Rental Property Loans

Refinance or Purchase Any Property with Quick Rental Property Loan Programs from PB Financial Group

Rental property loans are a mortgage solution for anyone who wants to purchase an investment property and take advantage of additional rental income from it. At PB Financial Group, we are committed to providing fast-funding solutions, terms and rates for rental property loans, so you can easily maximize your income from these properties. Rental property loans are different from standard owner-occupied loans mainly because of their strict eligibility requirements.

Most banks look for a low loan-to-value ratio in rental loans, which means that investors must raise a large deposit for purchasing the property. The interest rates are also higher in rental property loans when compared to occupied home loans. You can also claim tax deductions on any expenses made by you on the rental property. This reduces your capital gains tax when you sell the property or reduces your taxable rental income. The tax deductions you can claim for any rental property include:

  • Reasonable travel expenses on property inspections
  • Advertising for tenants
  • Reduction in the value of depreciating assets
  • Council rates
  • Maintenance costs
  • Real estate agent’s commission
  • Landlord insurance and home and contents insurance
  • Interest on the rental loan

Note: This is not tax advice, and everyone should consult with an accountant or a certified financial planner to get the right advice.

The most important part of the planning process is a comprehensive property search, and we can help you find the right financing solutions by sharing key information with you, like:

  • Comparable rents
  • Suburb profile
  • Recent comparable sales
  • Government valuations
  • Property sales history

So, what are you waiting for? Get in touch with PB Financial Group and learn more about our excellent rental property funding solutions.

Reasons to Invest in Rental Property

When it comes to rental property investments, it’s a no brainer because it’s one of the easiest and fastest ways to create wealth. It’s a tangible asset and you start earning income from the first day. However, there are several costs involved in purchasing a rental property and you need to be aware of them. Here are some of the main reasons why you should invest in rental property:

  • Rental income
  • Tax benefits
  • Passive appreciation
  • Active appreciation
  • Build wealth fast
  • Setup funds for retirement

You can easily buy rental property by accessing the equity in your current home. Our agents will walk you through all the options available to you for buying a rental property and help you understand the entire process.

How to Go About Choosing Investing in Rental Properties?

PB Financial Group provides numerous types of loans for investment properties from interest only loans or partially amortized loans with various term lengths. If you’re planning on buying an investment property, it’s a good idea to have a clear plan. Do you plan on renting out the property for a passive income source? Or do you want to renovate and then sell it for a profit?

What you plan on doing with the property will determine the type of loan that is going to be best suited for your plan and your needs. Whatever you end up choosing, just ensure that you can cover the payment if your property is vacant for an extended period of time. Interested in learning more about rental property loans? Get in touch with PB Financial Group and talk to one of our loan officers to look at your options.