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Updated about 4 years ago on . Most recent reply

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Easier or harder to get approved with 2nd, 3rd, etc home loan?

Posted

Hi! I've been a long time lurker and got a question...let's say the work income, cash amount (savings), credit score, etc are average and you managed to get approved to buy your first 2-4 units property with some positive cash flow from that property.  Since you're already on your first loan but with same work income plus a positive cash flow, is it easier or harder to get a second, third...so forth loan for another multi family properties?

Thanks!

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