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Updated over 4 years ago on . Most recent reply
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how much can you get in loan?
hello all,
I have purchased 3 deals so far, would like to purchase 5+ units next. my question is, how do banks look at my application to decide how big is the loan the can give me. is it my net worth? do they take into account my previous loans?
can someone (preferably loan officer, or experienced investor who have 5+ units) give me an example on how banks calculate that?
cheers!
Dolf