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Updated about 10 years ago on . Most recent reply
rentals
is it possible to get preapproved for a certain amount of money. In order to buy 3 or 4 rental property's
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James Wise
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James Wise#4 All Forums Contributor
#4 All Forums Contributor
- Real Estate Broker
- Cleveland Dayton Cincinnati Toledo Columbus & Akron, OH
I assume we are talking about residential financing here.
Talk to your lender & see what they will approve you for on a non owner occupied properties.
You will likely need to come up with 25% down & do every deal seperatly. Not to many people doing blanket loans on residential rentals right now.