Financing etc

[George P.]

Question to those for you guys who hold more than 1 rental - how did you get 'em financed (if not financed conventionally and didn't pay cash)?
I realize there are million ways to get creative financing - but I want to see what's the most common way used by BP members.
if you pay cash - do you accumulate rents until you can afford to buy another rental or you made money elsewhere and invested it in a rental unit?

As for me, my first and only rental is 1st house that we kept after buying a bigger one.

Thanks

[Kevin Perk]

Smaller regional banks are the way to go but, make sure you present yourself well. Have a professional looking "Bank Book" put together explaining who you are and your goals along with your resumes, a personal financial statement and the last three years of tax returns. Check recent local property records to see what banks are lending to investors and give them a call for an appointment. Best of luck to you!