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Updated about 8 years ago,

User Stats

34
Posts
14
Votes
Joanna Gossett
  • Rental Property Investor
  • Greenville, SC
14
Votes |
34
Posts

Have 4 properties, how to get 5-10?

Joanna Gossett
  • Rental Property Investor
  • Greenville, SC
Posted
My husband and I have purchased 3 properties (2 single family and a duplex) in the last 3 months. We also own our primary residence- for a total of 4 properties. All in my name currently as I have W2 income and he doesn't at the moment. All purchased with conventional financing, 20% down, 30 year mortgages. All mortgages less than $55k (aside from primary residence). What's next? Are there lenders out there who will loan on properties 5-10 at conventional rates? We have 3/4 units rented currently but obviously since we just purchased not a long rental income history yet. Still have enough cash reserves to cover expenses on all properties for over 6 months and we really want to buy another- ideally another duplex. Thoughts on where to go from here ?

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