Skip to content
×
Try PRO Free Today!
BiggerPockets Pro offers you a comprehensive suite of tools and resources
Market and Deal Finder Tools
Deal Analysis Calculators
Property Management Software
Exclusive discounts to Home Depot, RentRedi, and more
$0
7 days free
$828/yr or $69/mo when billed monthly.
$390/yr or $32.5/mo when billed annually.
7 days free. Cancel anytime.
Already a Pro Member? Sign in here

Join Over 3 Million Real Estate Investors

Create a free BiggerPockets account to comment, participate, and connect with over 3 million real estate investors.
Use your real name
By signing up, you indicate that you agree to the BiggerPockets Terms & Conditions.
The community here is like my own little personal real estate army that I can depend upon to help me through ANY problems I come across.
Starting Out
All Forum Categories
Followed Discussions
Followed Categories
Followed People
Followed Locations
Market News & Data
General Info
Real Estate Strategies
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Real Estate Classifieds
Reviews & Feedback

Updated almost 7 years ago on . Most recent reply

User Stats

132
Posts
61
Votes
Johnoson Crutchfield
  • Rental Property Investor
  • Tupelo, MS
61
Votes |
132
Posts

how many local loans and how much interest to pay

Johnoson Crutchfield
  • Rental Property Investor
  • Tupelo, MS
Posted

So I'm having some success and it's hard to decide what to do next.  I'm having some success buying older properties, fixing them up, and refinancing them through local community banks.  I just finished number two this year.  So now I'm thinking I can do 10 this year if the bank will allow it.  Does anybody know how many local community banks will do? Also, my initial capital I'm working with is about 50k borrowed at 25% interest and so far I haven't paid it back I just keep using it to invest in the next property.  I know that's expensive money but is it so bad if I have 10 properties at the end of the year all cash flowing?  Really am looking for your advice.

Loading replies...