Updated about 10 years ago on . Most recent reply
Need help!
Hello all. I have been researching realestate for over a year now and I have still not found my first deal. I have 120,000 cash to spend on realestate. I own my home which has 80,000 in equity and I have 20000 in cash reserve on top of the 120000. I have done a ton of reading. I am interested in rehab as I am a contractor and can do some of the work myself. I am 26 work full time and run a part time business on nights and weekends. I also want to do buy and holds. I like the Idea of the brrrr. My question is how can you refinance more than 4 properties? From what I have read is you can't have more than 4 mortgages. Is this true? I have looked at a lot of houses just can't pull the trigger. I would love to find a mentor local to me and I think that would ease my mind. Any help would be appreciated. Thank you.