All Forum Posts by: Joshua Collier

I new to the REI world and I have many newbie questions. So, please forgive my stupid questions. When looking for financing after you already have 3 or 4 rentals, how do you find financing for that 5th rental? Are they looking at positive cash flow from the other properties and take that into account? How do you get the financing when you are at the edge of your personal income? For example, I have a rental and I am about to purchase another. I have been approved up to $515k, but I'm going to purchase a property in the $135-$150 SFH. Say I do that a couple more times....where/how do I find financing once I have several properties? At this point I have a positive CF on my current rental and I will for my new property. I also have roughly $100k in liquid cash in the bank. Thanks for the help and sorry for "stupid" questions.

Wow!!  Thank you guys for the welcome!!  I'm excited to have found a site where people are interested in others and their wellbeing.  Thanks so much!!  Cheers. 

I'm new to real estate investing.  I would like to network and meet new people to just understand more about how to get to where I want to be in real estate.  I currently have one rental and I am currently looking for more properties.  I am here to hopefully avoid pitfalls along the way.  I look forward to meeting new people here!!  Cheers!