All Forum Posts by: Lili Liu

To buy rental properties

One of my local banks says they only needs the past two years tax return for loan application documents. Is it even possible? Since I am going to be out of my Job in the May of 2020, I am really thinking of taking full advantage of this if it is true.

Which means I can borrow say in December of 2020 if I see a deal in the market.

Thanks!

Hi, all

My job contract will end in the May of 2020. I have no intend to find another job now but rather I would like to live completely on rentals. I have one rental property which generate $500/month cash flow.

Since I still have a job now, should I buy as many rental properties as I can by getting a loan?

1) What is your suggestion?

2) What lenders should I go to?

I have talked with several banks, one bank says they can do 15% with 5.65% interest rate. Is this a good deal in the lending world?

Thanks!