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Matt Van Woerkom
  • Hudsonville, MI
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Multiple Investment Properties - How to get Loans

Matt Van Woerkom
  • Hudsonville, MI
Posted Jun 4 2012, 18:20

I'm new to managing properties and was wondering if anyone could give me advice of getting loans for future rental properties. I currently own 2 rentals and my own house. I'm having issues with getting additional loans because of my debt to equity ratio (they won't even let me refinance). I recently purchased my last rental and have not established a long enough track record to improve this ratio. I'm by no means broke and I am in pretty good financial position so I don't know how people do it...I see a lot of posts about people getting new properties every couple months and I'm wondering how this works with the banks. I assume not everyone has enough money to make all these purchases with cash.

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