Skip to content
×
Pro Members Get
Full Access!
Get off the sidelines and take action in real estate investing with BiggerPockets Pro. Our comprehensive suite of tools and resources minimize mistakes, support informed decisions, and propel you to success.
Advanced networking features
Market and Deal Finder tools
Property analysis calculators
Landlord Command Center
ANNUAL Save 16%
$32.50 /mo
$390 billed annualy
MONTHLY
$39 /mo
billed monthly
7 day free trial. Cancel anytime
Starting Out
All Forum Categories
Followed Discussions
Followed Categories
Followed People
Followed Locations
Market News & Data
General Info
Real Estate Strategies
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Real Estate Classifieds
Reviews & Feedback

Updated over 7 years ago on . Most recent reply

User Stats

5
Posts
0
Votes
Rashad Rankin
  • Grand Cayman, Bodden Town
0
Votes |
5
Posts

How to finance multiple properties

Rashad Rankin
  • Grand Cayman, Bodden Town
Posted

I am an aspiring Real Estate Investor in the Cayman Islands, I am currently working towards purchasing my first property before the end of the year. I am currently in talks with a local bank in regards to financing as the offer I presented has been accepted. However the reason for this post is because I also made an offer on another property which I am very interested in and I feel this offer will be accepted as well. I am going to use a conventional mortgage for the first property which is for $110,000 (this is currently in the works with the bank). The other property is for $255,000, however I am not sure how I am going to finance this property. This is where I am hoping the bigger pockets community will help me out, I have been looking at other methods of financing and I just can't seem to figure out how I am going to finance this second property. I know there are a lot creative ways to finance properties but I'm just not sure how to go about any as I am still a newbie. 

I have been looking for hard money lenders here in Cayman but I have been unsuccessful thus far, not sure if any are here or maybe I'm just not looking in the right places. Any help would be greatly appreciated. 

Loading replies...