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An investment loan is a loan where an investor borrows to buy an investment property. It is a mortgage solution for those who want to buy a property and rent it out to receive income from it, but can’t afford to buy the property without a loan. The investor typically puts down 40% and Birch supplies 60% of the purchase price.
Why we invest in Houston, Texas?
As the 4th largest city in the U.S., and the largest in Texas, Houston’s population grew 12.4% between 2010 and 2015, the most among 381 metro areas. This population increase, combined with affordable rents, supported a rental population spike of 39% between 2006 and 2014. The share of renters in single-family homes grew from 27% in 2006 to 35% in 2014. These are all great signs for investors, as Houston has a lower risk of vacancy.
One important fact for investors consists of Houston’s high concentration of college students. In fact, there are more than 300,000 students enrolled in over 100 local colleges. Even, despite low energy prices taking a toll on the overall Houston economy, its renter pool should remain stable until the local job market has a chance to rebound.
- If Houston were an independent nation, it would rank as the world’s 30th largest economy
- Home to the Texas Medical Center, the largest medical center in the world, with a local economic impact of $10 billion
- More than 5,000 energy related firms
- 23 Fortune 500 companies