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Updated over 5 years ago on . Most recent reply

Account Closed's profile image
Account Closed's profile image
Account Closed
  • from Chester, Pennsylvania
  • Member since Jan 5, 2016
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Account Closed's profile image
Account Closed's profile image
Account Closed
  • from Chester, Pennsylvania
  • Member since Jan 5, 2016
Connect
Account Closed
  • Chester, PA
16
Votes |
56
Posts
Creative Real Estate Financing

Could I take out a large loan and buy multiple properties?

Account Closed
  • Chester, PA
Posted

Is it possible to say get a loan for like 100k and buy multiple properties with it?

Is that allowed?

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Account Closed's profile image
Account Closed's profile image
Account Closed
  • from Chester, Pennsylvania
  • Member since Jan 5, 2016
Connect
Account Closed's profile image
Account Closed's profile image
Account Closed
  • from Chester, Pennsylvania
  • Member since Jan 5, 2016
Connect
Account Closed
  • Chester, PA
16
Votes |
56
Posts
Account Closed
  • Chester, PA
Replied

@Anthony Ward that's not possible where I'm currently living, I moved out of my 1st house and am staying with someone. Didnt like my neighborhood anymore...but I still own the home.

I was renting it out to family...but they werent reliable with paying rent even tho I gave them a HUGE discount.

They are leaving and I will be renting to a new tenant...once I find and pick one.

I'm curious about possible future purchases.

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