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Updated over 5 years ago on . Most recent reply

Lili Liu's profile image
Lili Liu's profile image
Lili Liu
  • Member since Oct 28, 2019
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Lili Liu's profile image
Lili Liu's profile image
Lili Liu
  • Member since Oct 28, 2019
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Lili Liu
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Multi-Family and Apartment Investing

Should I get a loan and buy as many rental properties?

Lili Liu
Posted

Hi, all

My job contract will end in the May of 2020. I have no intend to find another job now but rather I would like to live completely on rentals. I have one rental property which generate $500/month cash flow.

Since I still have a job now, should I buy as many rental properties as I can by getting a loan?

1) What is your suggestion?

2) What lenders should I go to?

I have talked with several banks, one bank says they can do 15% with 5.65% interest rate. Is this a good deal in the lending world?

Thanks!

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