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Updated over 4 years ago on . Most recent reply

Account Closed
  • Investor
  • Charlotte, NC
61
Votes |
19
Posts

How can you get loans on up to 10 properties...

Account Closed
  • Investor
  • Charlotte, NC
Posted

I am looking for advice, options and to learn from those who have experience in this area. My business partner and I have day jobs in addition to the real-estate business we run. This means that we have incomes from other sources and also income from our long term and short term rental portfolio. We are looking to purchase six more STR properties and each one averages about $750,000 with a cash on cash return between 15-20%. Does anyone have ideas on qualifying for loans for these properties, types of products we can leverage for these, and how a lender looks at these if we are 30-35% down on each one? Any warnings? Thank you in advance for your advice!

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