Skip to content
×
Pro Members Get
Full Access!
Get off the sidelines and take action in real estate investing with BiggerPockets Pro. Our comprehensive suite of tools and resources minimize mistakes, support informed decisions, and propel you to success.
Advanced networking features
Market and Deal Finder tools
Property analysis calculators
Landlord Command Center
ANNUAL Save 54%
$32.50 /mo
$390 billed annualy
MONTHLY
$69 /mo
billed monthly
7 day free trial. Cancel anytime
×
Take Your Forum Experience
to the Next Level
Create a free account and join over 3 million investors sharing
their journeys and helping each other succeed.
Use your real name
By signing up, you indicate that you agree to the BiggerPockets Terms & Conditions.
Already a member?  Login here
Creative Real Estate Financing
All Forum Categories
Followed Discussions
Followed Categories
Followed People
Followed Locations
Market News & Data
General Info
Real Estate Strategies
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Real Estate Classifieds
Reviews & Feedback

Updated almost 2 years ago on . Most recent reply

User Stats

10
Posts
4
Votes

Newbie seeking guidance

Jillian S Young
Posted

Good day all, straight to the chase . I am new to the investing market and looking towards buying and holding . I would like to purchase 2-3 homes over the course of the next 6 months. I’ve been preapproved for 900,000 however I don’t understand if I’m able to purchase more than one home with this preapprved amount. How are other investors purchasing multiple properties through the year?  Do I apply for financing with each  deal? Or in. This case where I’m approved for the above amount can it be used to make multiple home purchases  like a blanket mortgage?

Most Popular Reply

User Stats

28,499
Posts
19,601
Votes
James Wise#4 All Forums Contributor
  • Real Estate Broker
  • Cleveland Dayton Cincinnati Toledo Columbus & Akron, OH
19,601
Votes |
28,499
Posts
James Wise#4 All Forums Contributor
  • Real Estate Broker
  • Cleveland Dayton Cincinnati Toledo Columbus & Akron, OH
Replied
Quote from @Aj Parikh:

Hi Jillian, I am a huge fan of out of state investing and Long Distance Real Estate Investing was one of the first books I read before I built my portfolio in Cleveland. One of the strategies I used was working with a couple of turnkey companies and getting started in a mid-west market. I would love to connect and help out so feel free to reach out.


 Cleveland is mad dope yo.

Loading replies...