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re: Information for my fellow Real Estate Investors
Posted on 4/11/17 at 12:23 pm to stevengtiger
Posted on 4/11/17 at 12:23 pm to stevengtiger
Just out of curiosity, how are you able to have financing or a LOC set up to purchase 5 properties at once? Do you have multiple investors? Do you have a great relationship with a bank at this point that will allow you to do this?
I am new to the real estate game and just purchased my first rental property a couple of months ago. I always wonder the best method to be ready to act if property comes on the market that I think would be a good investment.
If you do not want to answer that is fine. Just curious. Thanks!
I am new to the real estate game and just purchased my first rental property a couple of months ago. I always wonder the best method to be ready to act if property comes on the market that I think would be a good investment.
If you do not want to answer that is fine. Just curious. Thanks!
Posted on 4/11/17 at 1:03 pm to thatguy777
quote:
Just out of curiosity, how are you able to have financing or a LOC set up to purchase 5 properties at once
On most offers, we have to send in a "proof of funds" along with our offer. Our realtor will ask our bank for that, so they usually know we when ask to pull funds that they are going to a certain property. It sounds easy and after you get things going with a good bank, it really is.
This post was edited on 4/11/17 at 1:16 pm
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