Foreclosures
Market News & Data
General Info
Real Estate Strategies
Short-Term & Vacation Rental Discussions
presented by
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Tax, SDIRAs & Cost Segregation
presented by
1031 Exchanges
presented by
Real Estate Classifieds
Reviews & Feedback
Updated almost 12 years ago,
Individual investor who have successfully borrowed $2M from the bank
I am realizing that trying borrow your 5th - 10th mortgage from the bank is going to be a uphill battle. I am curious to know if there are any individual investors here in BP who has successfully reached the level of a mortgage portfolio of $2M on ten SFRs averaging in the $200k?
Did you get all ten loans from the bank or private captial or some owner financing? Assuming mortgage rates do not shoot up to 5% by 2015, my end game is SFR rental portfolio financed with a $2M mortgage. Is there any mentors here who is already there who can guide me?