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Updated over 10 years ago on . Most recent reply

Mike H.'s profile image
Mike H.'s profile image
Mike H.
  • Rental Property Investor
  • from DFW, TX
  • Member since Feb 24, 2014
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117
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Mike H.'s profile image
Mike H.'s profile image
Mike H.
  • Rental Property Investor
  • from DFW, TX
  • Member since Feb 24, 2014
Connect
Mike H.
  • Rental Property Investor
  • DFW, TX
29
Votes |
117
Posts
Buying & Selling Real Estate

Buying additional investment real estate w/ loan

Mike H.
  • Rental Property Investor
  • DFW, TX
Posted

I own multiple rental properties and now interested to aquire another piece. Bank just told me that I might require to pay up to 30% of downpayment because I own multiple properties. How does everyone do their finance in this situation? I am going through typical home mortgage loan right now, is it better to apply a business loan instead? thanks in advance for any input (this is in DFW area if that helps)

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