I borrow the equity from the first house to purchase the next and repeat the process.

So, you can expect PMI unless you are borrowing $256 or less (based on an appraisal of $320k).

I stopped wasting money on web marketing for that particular reason.Make sure you ask ABC when they call you so you wouldn't have to drive 20 min just to find out it is not a deal.

Had to borrow $6,000 to pay the mortgage up-to-date.

No wholesale loan allows for a borrower to transfer title.

If you have excellent credit and a history of success, you should be able to borrow about 70% of the appraised value (calculated by the bank's appraiser).

Lenders also want to see some stablility in borrowers which recent grads do not have, so I'm looking towards seller financing, subject 2 and lease options.every young investor needs that push into their first property... everyone needs a mentor.

If you have it, use it, and dont go into debt.However I do see the power of OPM (other people's money" too.Unlike most other investors though, my ultimate goal is to buy all of my rehabs and rentals with cash, and stop using OPM.

Just looking for some general info on the borrowing process in the states and with the recent issues whats the story on high ratio loans for multi-unit residential?

Be sure to utilize the newer 1/4 turn stop valves, and braided stainless anti-burst flex lines and washer hoses, if applicable; and use ball valves for main and any branch mains.