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Reply to "Where would you invest 500k?"
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[quote=Anonymous][quote=Anonymous]Unless you can post additional guarantees, you will have trouble financing 3 investment properties with only ~20% down. Some banks offer blanket loans on multiple properties for slightly higher rates, but 70% used to be common. You may have heard that in the last couple of months lenders have really tightened their requirements. Anyway, let us know what kind of feedback you get from banks. I don't think this will work, but would love to be wrong.[/quote] i have just ONE property and I found no bank who asked for less than 25%. It was a huge pain the ass to get the property ready to rent, find renters, closing costs, etc. do you have a full time job? or will this be it[/quote]
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