Good Questions to Ask Community Bank RE: Loans 4, 5, 6 and Beyond..?

[Tanya S.]

I'm taking a page out of Arthur Garcia's book (awesome podcast Arthur - thank you!) and making the rounds of the community banks to find out more about overlays and underwriting rules for loan #4, 5, and beyond.

For my last few properties, I chased low interest rates and closing fees and basically worked with whoever would give me the best deal. From everything I've read on BP, seems like once you get to 4 and then 5, there seems to be a much narrower pool of banks and the lending restrictions get tighter and tighter.

For our multi-property owning friends on BP, what are some questions I should ask in my meetings with loan officers in regards to obtaining financing after loan 4? As I've been finding, seems like some of the more important questions to ask are oftentimes the ones you didn't even know to ask!

For the record, I'm doing conventional investment property financing, 30 yr fixed. Thanks!