All Forum Posts by: Matt Van Woerkom

I currently have 3 properties (my primary and 2 rentals). Getting 20-30% down shouldn't be an issue and I have a pretty good investment profile. I haven't had to make any renovations to my properties because I go for newer, affordable properties (~$100,000 - decent price for a michigan home) to attract renters with bigger pocketbooks.

Is it even possible to get 4-5 conventional loans with 20 - 30% down or do some of the properties need to be purchased with cash?

I'm new to managing properties and was wondering if anyone could give me advice of getting loans for future rental properties. I currently own 2 rentals and my own house. I'm having issues with getting additional loans because of my debt to equity ratio (they won't even let me refinance). I recently purchased my last rental and have not established a long enough track record to improve this ratio. I'm by no means broke and I am in pretty good financial position so I don't know how people do it...I see a lot of posts about people getting new properties every couple months and I'm wondering how this works with the banks. I assume not everyone has enough money to make all these purchases with cash.