Funding

Financing, Hard Money Lenders, Private Money
1

Hello all,
My question is how do you get funding for the 2nd, 3rd, or 4th property? I have my VA loan that will get me the first property to live in while in DC, but after that do banks loan out money for rentals when they know you could not pay for them for very long if you had not renters?

If anyone is in DC I would greatly appreciate any help. I’ll work for free when I get there just to learn how it works in the real world.

2

Lenders want to be sure you have cash reserves for when the inevitable vacancy occurs. Not a bad idea for you to have that same philosophy. In other words, before rushing into your next acquisition, be certain you have the financial wherewithal to support it.
And, don’t forget seller financing. If you can get the homeowner to provide the mortgage, so much the better.