How to finance multiple properties?

[Michael Sylver]

I'm in process of closing on my first rental purchase, it will be a STR. It will be 40% down payment, 60% financed.

I'm already looking at my next property.  What are tips and tricks as you scale out your properties on the finance end?

[Joseph Coleman]

I would recommend speaking with your Lender and CPA every couple of months to plan for your next property because your taxes and qualifying for a loan go hand in hand. On an STR you may be able to file with a schedule C or schedule E. How you file and when you file will have an impact on your ability to qualify for your next loan loan. Ideally, your lender should have experience in RE investing and a breadth of different loan products they can offer to you. It will be a lot easier if your lender can act as a coach for how to best use debt as a tool to scale your portfolio.