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Updated over 14 years ago, 05/05/2010

User Stats

23
Posts
3
Votes
Cliff Rosa
  • Real Estate Investor
  • Junction City, KS
3
Votes |
23
Posts

Whats the probablity of mulitple loans

Cliff Rosa
  • Real Estate Investor
  • Junction City, KS
Posted

Trying to get my feet wet. Credit score of 750, no debt. Whats the probability of getting 3-5 loans for 3-5 apartments within a years time? What im trying to do is have roughly 3-5 apartments with loans on all of them in my first year. I have not bought any real estate yet, besides my owning my home, will I have a hard to get financing? Properties that I am looking at are all cash flowing. Say if I apply for one loan and than find another property a couple months later, is it possible to go to the bank showing them that I have positive cash flow on my first property and be able to get financing on the second?

Its hard for me to word it, but I guess what im trying to say is how many loans can I have out? What type of loans should I get?

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