How to purchase multiple properties

[Jason Kim]

I know every investors use different strategies to purchase properties and do many different ways to make profit. I understand that being creative in this work could be one of the key to make the best the exit strategies. But I'm confused at this point and I'd like to hear some real strategies from experienced investors to explain how investors purchase multiple properties under their name or under company name when banks consider debt to loan so importantly in this current market.

1.I have a house that is under my name, and with my income, the bank considers that my house is the only property that i can handle to make payment accoring to my income. So then how am i able to even purchase a proproperty which is consider in a lower end like somewhere in the $50k to $80k for investment and do either a fix and flip or hold it and rent it out for a positive cash flow?

2. If the house is purchased by a private fund and rent it out for a positive cash flow, how do I pay the money back to the private lender when the only money that comes in monthly is the rent check that is paid by the tenant? or do investors usually to double close it(if it is still possible when the fannie is calling it a fraud)?

If I want to hold multiple properties as a rental properties, what strategy is the best way to acquire multiple properties when banks look at the Debt to Loan so closely now?

Thank you in advance! :lol:

[J Scott]

Try working with small, local banks that have the ability to make lending decisions based on things other than your DTI (credit score, RE experience, the specific deal, etc).

Once you build a strong relationship with one or two local banks that can provide you these types of loans, things will get much easier...