How many loans do you have?

[Warren Bright]

Hey everyone!

One of the most crucial steps in acquiring property is getting the finance to be able to purchase. However in order to build a portfolio you are most certainly going to need more than one loan.

So, my twofold question is: How many loans do you currently have?

and

If you had to lose your day job, would you be able to support all the loans that you have?

I am interested to hear what you have to say, and if you have any extra stories / situations to add, I would love to hear them too.

[Eric P.]

Originally posted by @Warren Bright:

If you had to lose your day job, would you be able to support all the loans that you have?

I haven't jumped in to REI yet so maybe I'm missing something. But isn't the point of this that the loans kinda support themselves? So lets say I had 5 properties I was renting each cash-flowing $200 a month and I lost my job. Wouldn't my properties really be helping me stay a float with an extra $1,000 a month?