credit. Is there any way I can buy moe rentals. Besides, prices on home now are great.
Some financial institutions offer umbrella loans. I believe Merrill Lynch is one of them.
You can still have up to 10 FHA loans, you just have to start putting down chunks of cash.
Be more creative, I buy and sell houses and never get a mortgage. There are other options, you just have to explore them!
Drew
Hi Kali,
I believe it is 4 properties that investors are limited to these days.
Vicki Woody
Accredited Buyer Representative
Long & Foster
757-685-3842
vicki@vickiwoody.com
Greetings from Florida.
Banks are shying away from investment properties, as you well know.
Try finding private money, or venture capital.
Put together a package of properties, and present it to friends and associates who are looking for
a good return on their money. If you own six rentals now, then you most likely know how to
work the numbers, and how to get the rent needed to generate cash flow, etc.
If you can show a tangible ROI, private investors may want to work with you.
Of course they will want their names on a Mortgage, and possibly on the Deed,
so be sure to get a CPA and a Real Estate Attorney to cover the paperwork.
Best wishes,
Fred
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