Newbie from LITH, IL. In today's market, has it been easy to take out a loan on an investment property, for a down payment on another investment property?

[Thomas Lyon]

I would love to hear your stories .....

[Thomas Lyon]

Basically, are banks willing to provide loans to keep purchasing properties?

[Jerry Padilla]

@Thomas Lyon

To answer your question... Yes. You can do cash out mortgages on the first four mortgages and in turn use the money to purchase up to ten properties with conventional financing.

[Thomas Lyon]

Basically, are banks willing to provide loans to keep purchasing properties?

Thanks Jerry. I appreciate the response. What is the typical down payment needed on an investment property these days? 20%

[Thomas Lyon]

Basically, are banks willing to provide loans to keep purchasing properties?

@Jerry Padilla
Thanks Jerry. I appreciate the response. What is the typical down payment needed on an investment property these days? 20%