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Updated over 14 years ago,
For the guys that own hundreds of properties
Hi everyone, I had a question about accumulating investment properties. I just finished reading an interesting article about how an investor amassed hundreds of properties. I know everyone has their own unique situations, but I was wondering how this is possible. Lets say I want to start off with one property, then eventually save up enough and buy several others. If this were to become my full time job managing and investing in properties, How does one obtain financing. I always thought Lenders base loans off debt to income ratio (example 50k income will give loan up to 250k) It doesnt add up all of the debt these investors rack up, is income based on projected rentals? Do they have corporations finance the properties? I know im getting ahead of myself but I was trying to figure out how these real estate gurus obtain financing. Thanks