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Updated over 2 years ago on . Most recent reply

User Stats

15
Posts
5
Votes
Roger West
  • Contractor
  • New Jersey
5
Votes |
15
Posts

Own 4 properties. Looking for financing to buy more.

Roger West
  • Contractor
  • New Jersey
Posted

Hello,

I am looking to buy single family homes to rent out in NJ. Also looking to buy flips, either using cash at auction, or through agents/banks using financing. If I keep the flip and rent out instead, will need long term financing on those since I will be keeping them as rentals.

About me. 1m in cash. 800 scores, no debt, 2m in equity on 4 homes I currently have owned for 10+ years. 10+ years Landlord experience. Self-employed. Can show bank statements, tax returns ect.

I am thinking there must be better programs out there for a person in my situation, that’s better than hard money.

Thanks.

Most Popular Reply

User Stats

9,861
Posts
5,552
Votes
Eliott Elias
  • Investor
  • Austin, TX
5,552
Votes |
9,861
Posts
Eliott Elias
  • Investor
  • Austin, TX
Replied

Take out a line of credit on the equity you have and grow

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