I am quite new and would like to purchase a house, rent it for a year or so and then hopefully sell it and it appreciates a little more. I know that many that have multiple houses for rent, etc etc… how do you get the loans for so many homes at a time.
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Get an OD from several banks ? several mortgage loans? friends ? highly doubtful?
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I currently have some equity but not sufficient to have more than 1 home at a time… while I know of someone in my neighbourhood having 10+ more homes for rent?? how does one do that in terms of getting the loans to purchase multiple homes/ condos, etc.
Advise appreciated.