Can I use a doctor’s loan for an investment property?  Use physician’s loan for real estate investing.

Doctor’s are able to get “Physician’s loans” and there are a lot of things they can do with them, here’s what real estate investors need to know about how that money can be used for investing.

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Can I use a doctor’s loan for an investment property? Use physician’s loan for real estate investing.

Indy Anna explains:

  • Is it possible to use a physician’s loan for investing?

  • Can I have more than one physicain’s loan

  • Benefits to using a physician’s loan for financing an investment 

I was speaking with someone this week about using a doctor’s loan for an investment property, and wanted to make a little video to help answer the questions we covered that might help others in the same boat. 

To be clear on what a physician’s loan is;

  • A loan product for physician’’s that usually allows for less down than a conventional mortgage loan, and often with PMI (usually required for loans without 20% down {unless VA})

  • These are based in knowing there are usually student debt loans to pay off, but there is also a great deal of measurable reassurance in ‘potential income’ to come quickly out of residency 

  • In combination with higher potential salaries, having almost ‘guaranteed’ employment and overall being ‘higher quality’ borrowers’ it can make sense for financial institutions to offer these loan products as they do

Most physician’s loan products are for primary residences (SFR), however it’s not impossible to use some of them for certain types of investments (owner-occupied). This includes;

  • House hacking and being able to rent out rooms (could be either regular tenants or Airbnb type set up)

  • Duplexes 

  • 3-4 plex (fewer lenders here for these however)

Now here’s where I’ve found the varriences come into play, different lenders will lend for different properties at different terms (mostly max loan amount with zero down vs max loan amount with a % down). 

Now if you do move, and are no longer able to keep this first loan as it was originated (owner occupied/primary residence)- for some lenders it works just like the extension of owner occupied on terms on active military implying “official change of station orders” – if you, as a doctor need to move for your career you may be able to qualify for a second physician’s loan.  

One of the places too that we’ve found would offer some insight into the different physician’s loan products available was https://www.leveragerx.com/  and we’ll include the link in the description below.

 Most of the time these physician’s  loans (unless you’re really getting up there in terms of loan size ($800K+ on avg) can be originated with zero down, minimal down, and if less than 20% down – no PMI.  

Now what some might consider doing with these loans to gain access to as many ‘doors’ as possible before full salaries (let’s say the cumulative amount after 1-2 years has been accrued) would be; 

Using a physician’s loan to either acquire a duplex, have monthly rental income coming in each month, cash out refinance to pay off higher interest rate student loans (as much as possible in bulk with this ‘cheaper borrowed money’, then using income being generated to obtain further investment properties

That’s via cash – as you’re maximizing usage of first physician’s loan remember.

After two years (end of) having used generated income to pay off the remaining balance of loans- therefore being able to move from duplex, and have after two years of residency, no or minimal loans left, and three (to four or five ‘doors’, depending on what you bought with cash in second investment property). 

It may not work out for everyone like this, but at the end of two years, it could be possible to have up to five ‘doors’ in investments, then after paying off first physician’s loan, using it to finance your personal ‘dream home’ while using cash coming in to fund further investments, eventually acquiring a substantial portfolio in some cases.

So to recap;

-I’ve covered how to use a physics’ loan for investing

– We went over what you may and may not be able to buy with a physician’s loan

– AND I covered how you could have five ‘doors’, pay off student loans faster, and a plan for growing your REI portfolio

If you have any questions about this, or getting started on this with deals here in Indy (or anywhere for that matter!) please reach out and I’ll do what I can to help.

Love (at) BigReia.com and 317-969-5619 (Yes that’s my real number so please text me first).

And as always,

Make the universe SMILE =  )

Want more (brilliantly) EPIC posts of real estate investing and bidness badasssery...?

There is a great post and class on the 38 Ways to Buy Apartment Buildings Zero Down with Pet Policies, and here are some other helpful and EPIC posts... for starters as a real estate investor if you ever want to build a business that makes you 30 grand a month then you MUST do this...

There's also a great class Azam did on how anybody can retire in the next 1-2 years with $30,000 a month in passive income by buying and selling businesses zero down.  What about Micro Flipping?  We have a great class on how to start micro-flipping real estate zero down from your house and make $500/day, speed wholesaling 101.

There’s also another great class on how to buy apartment buildings zero down that you can check out as well.  This relates directly to growing income on rental properties.  Speaking of which make sure to check out our epic page on 14 ways to avoid tenants from hell.  Also we have a great post on how to make build a "six figure a month" real estate wholesaling business.

Also here is a post on how I did this and I flipped a house off Zillow for 30.  Also you can check out the post on five steps to flip a house right off Zillow for 40 grand.  You can also check out our other epic post on 57 ways to make money with vacant land.

Here’s another post on how a Hero flipped a house off Zillow and made 40k in a few weeks while he was learning to read.  Also you want to check our post on the EPIC $25 million letter and the copy writing lessons for real estate investors, you'll love it.  Also you can see how ONE letter is making me $9,000 a month.  Also you can check out the post on 101 FREE places to advertise your houses.

Also check out the "SA" class and your REAL chances of create social mobility and income ascension with your real estate business.  Brilliant stuff.  Also there is a great post on the ONLY way you'll ever make 30 grand a month as a real estate investor and/or business builder.  Another brilliant class with a free downloadable Investor Guide is about 19 Ways to Make $10,000 a Month by Helping Tired Landlords.

Plus make sure you check out Azam's post on how to hire a realtor that makes you $10,000 a month... while you sit back with your shoes kicked up on your desk and fingers folded behind your head.  Also there is a great post on how to make five grand a week from putting out signs.

Also we have some great posts on 30 ways to buy real estate with no money down.  That is a two part series so make sure to watch the second part on the 30 ways to buy real estate zero down and with no loans or credit.  I also get questions about our "Epic Flipping" and how to turn $1 into over $25,000 by flipping ordinary items for exponentially high ROI.

And don’t forget our EPIC page on 100 FREE ways to find motivated sellers, we are making the number one page in the world on FREE ways of finding motivated sellers.  Also check out how I find motivated sellers from code violation properties, and also how I make over $1,500 a week giving investors access to that list.  Speaking of lists, for a list of the "Good People" and My Indy Anna Homeys you can go to our People Page at https://www.BigReia.com/people.

You can also get a LONG list of every contract, piece of paperwork and legal document that you'll EVER need for your real estate business all FREE to download: https://www.BigReia.com/Contracts.

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Go to BigReia.com and you’ll become allergic to being an LC and addicted to improving the world and creating Social Mobility for you and yours… 

Thanks so much!  = )

Make the Universe Smile.

~ Indy Anna
Love (at) BigReia.com
317-969-5619 (YES that's my actual Direct Line and I really do answer lol, so please text me first Thx!)

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