All Forum Posts by: Chavdar Kehayov

I am going to keep the properties and they are going to cash flow. The advice I am looking for, is how to acquire multiple properties on my name when I already have one mortgage on a property I own and my income is not sufficient to carry two or more other mortgages. I do have the cash for the down payments and %10 or %20 is not a problem. I was thinking to establish LLC, but I am not sure how the financing will work. Please advise.
Thank you

Hi guys,
I am new to this business, but decided to start big. I am trying to acquire at least two investment properties in the next two months. Here is the challenge; the price range of each of the properties is about 350k. I have the cash for the down payments, but the thing is that my income is about 60k per year and I already have one mortgage on a property I own. Probably I won’t have a problem obtaining financing for one property, but I really want to buy two or more.
Could you please give me an advice what will be the best way for me to structure the deals? My plan was to buy one on my name and then start LLC to buy the others, but I am not sure that I will be able to get financing using a brand new LLC.
Your time is highly appreciated.
Thank you