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Updated almost 12 years ago,

User Stats

870
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664
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James Park
  • Real Estate Broker
  • Johns Creek, GA
664
Votes |
870
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Individual investor who have successfully borrowed $2M from the bank

James Park
  • Real Estate Broker
  • Johns Creek, GA
Posted

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?

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