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Updated about 8 years ago on . Most recent reply

User Stats

98
Posts
20
Votes
Danny N.
  • FLL
20
Votes |
98
Posts

Have 8 rental properties paid off, best way to borrow for more?

Danny N.
  • FLL
Posted

Hello, I have 3 properties that I've owned for 3 years and recently added a package of 5 that gave me 8 total. They're all paid off and the value is give or take $400-450k. The total rents generated will be $6300/month so $75,000/year give or take. I dont have a full year of rents including the new properties, just 1 month so far since I bought the group. Im short on cash now, but what is the best way to borrow to add more properties with the scenario I have separate from my work income.

Most Popular Reply

User Stats

23
Posts
10
Votes
Arick W.
  • Amarillo, TX
10
Votes |
23
Posts
Arick W.
  • Amarillo, TX
Replied

Commercial lender is the way to go for sure, my bank has made my growth exponential over the last year!

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