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Updated about 10 years ago on . Most recent reply

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15
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1
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Scott Rawlings
  • Real Estate Investor
  • New Smyrna Beach, FL
1
Votes |
15
Posts

Obtaining financing on a fifth investment property

Scott Rawlings
  • Real Estate Investor
  • New Smyrna Beach, FL
Posted

Anyone have thoughts or contacts on obtaining financing past a 4th investment property.

In Lake County IL,  no rich relatives.. LOL.  Currently have 4 rentals cash flowing $300 - $520 a month.  Thanks much Scott

Most Popular Reply

User Stats

385
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702
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Philip Williams
  • Rental Property Investor
  • Rockford, IL
702
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385
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Philip Williams
  • Rental Property Investor
  • Rockford, IL
Replied

Hey scott I saw no one had replied so thought I would give my two cents. The first thing I would do was try to obtain owner financing if you have already picked out a few properties you are interested in. If that is not an option the next thing I would do would be to find a bank that does portfolio loans that could be an option. The third option I would pursue would be to talk to a bank that has some properties on it's books that your interested in. If you already have a good relationship with the bank they might be willing to hold a loan in house for you. Hope this helped! If you liked leave me a vote :)

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