Rental Property Loans

[Blake Cory]

Hi everyone I'm beginning the process of building a rental portfolio. Most of the conventional lenders that I am talking with require at least 20 percent down and I can only have 10 mortgages against my social security number. When I traveled back to Ohio this summer I was talking to a real estate investor out there and he said that going to the commercial side of a bank you can purchase the property cash and refinance out of it immediately getting almost all your capital back and he has 40 properties in his portfolio. Can anyone advise me what's the best route to go especially beginning this portfolio. I'm located in California.