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Updated almost 10 years ago on . Most recent reply
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Best/Recommended way to finance multiple properties
Hi guys,
Still new and learning. I am sure this is a repetitive topic but I need to understand what are the best ways to get financed for multiple properties.
Few questions
1) I can say get financed through banks for 1-2 properties, but what after that? Does bank will still consider giving me more money?
2) How should I proceed for loans past say 2-3 properties?
3) Any other recommended options for financing.
Thanks in advance.
Most Popular Reply
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@Harpreet Walia as far as conventional financing goes you can get up to ten mortgages as long as you have the down payments and credit to support. If it is too soon for the properties to reflect on your tax returns than 75% of the rental income or projected rental income will be considered when making the purchase. If the property reflects on your tax returns than the net income is considered.
- Jerry Padilla
- [email protected]
- 585-204-6923
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