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Updated almost 4 years ago,
Scaling in Real Estate
Good Morning Guys,
So I currently have two properties and I am working on attaining two additional properties within the next 90 days. I have a refinance being completed on one hand, and I just got a hard money lender to approve a loan for me on the other. I am still a new investor and I have been putting in a lot of work every single day but I want to be able to ride this momentum that I am gaining right on into 2022. I am worried that the hard money lender will not lend me money after putting two houses under contract. What should be my go to next step to secure an ongoing funding relationship so I can continue purchasing investment properties (BRRRR) and should I just simply reach out to other Hard money lenders and just do business with different ones and scale that way?
Additional Questions***
How do you structure your bank accounts in preparation for new rental properties? Do you have a business account? Best method of organizing your accounts and does it matter which bank you use? Do you utilize different banks for different rental properties?
Thank you for your time!
Andy Mejia