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Updated about 5 years ago,
Private Lenders for long term financing
Private Lender
Hello, I am hearing 100 times how I can use a private lender or hard money to buy rental properties and then later refinance with a bank. But I already have 10 conventional loans which is the max limit for conventional loans. So if that's the case, how do investors get long-term mortgages to finance their rental properties. I'm sure I can finance with hard money or private lenders for a short period but how do you scale to own 50+ rental properties with long term lending? Please let me know if you can. Thanks.