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Updated about 5 years ago on . Most recent reply
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Borrowing more than your Net Worth
I am wanting to borrow a substantial amount of money, about 1.5 times my total net worth, from the bank in the next couple of months to purchase some turnkey rentals. I have heard that a lender will typically only loan you your total net worth, so In general, what can I do to try to make this happen.
I bought my first rental in 2012 and currently own 20. Again, in general, what can an individual do to make a banker decide to go ahead and pull the trigger on lending me more than my net worth.
Thank you in advance for your time. And thank you Biggerpockets for the wealth of knowledge and the confidence to get past two rental properties.