Hi I going to do same as you buy houses and rent them out but I have money ,you will make it work all my best on getting a loan Good Luck
by pattibcacl - 13 hours ago
I agree that it is very risky to buy investment properties and be highly leveraged. However, you have to start somewhere and more times than not, that means with a loan. If you are serious about purchasing rental properties, then consider at least a 30% down payment.
by ecollado2000 - 13 hours ago
To me you're taking unnecessary risks. Unless you've got the cash (liquid), to get loans to buy properties for rental incomes can be suicidal. What happens if you're unable to lease out the properties? How are you going to repay the loans? How are you going to make good the differences in amount owed should property prices dip? Most banks will need to look into your income capabilities before agreeing to loan you monies. If making money is that simple like you think, there'll be many millionaires in this world!
by SGElite - 13 hours ago
Do you have your properties picked out? What is the total loan amount you need? What state is the properties in?
by BM - 13 hours ago
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