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Updated about 8 years ago on . Most recent reply

User Stats

17
Posts
1
Votes
Dominique Nugent
  • Coatesville, PA
1
Votes |
17
Posts

how many rentals do you have?

Dominique Nugent
  • Coatesville, PA
Posted

Has any pulled a loan out on a home, rented it out for more than the mortgage price, then was able to pull another loan out for another rental because you was making more than the mortgage payment?

Is that how it works? If so, how many times can you repeat that process? If it doesn't work like that, how do you pull a loan on another rental property if you already have one that you make money off?

I'm new to this, just trying to understand how things work.

Thank you in advance

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