Getting financing for rentals past 3 or 4
I new to the REI world and I have many newbie questions. So, please forgive my stupid questions.
When looking for financing after you already have 3 or 4 rentals, how do you find financing for that 5th rental? Are they looking at positive cash flow from the other properties and take that into account? How do you get the financing when you are at the edge of your personal income?
For example, I have a rental and I am about to purchase another. I have been approved up to $515k, but I'm going to purchase a property in the $135-$150 SFH. Say I do that a couple more times....where/how do I find financing once I have several properties?
At this point I have a positive CF on my current rental and I will for my new property. I also have roughly $100k in liquid cash in the bank.
Thanks for the help and sorry for "stupid" questions.