Options for buying more properties

[Jacqueline Jankaew]

Happy holidays to everyone. I’m grateful for all your knowledge. 

Wanted to see if you guys could recommend how to move forward with buying another property within the next 6 months after already recently getting 2 conventional mortgage loans. Im located in California. 

Thank you, 
Jacqueline 

[Randall Alan]

You don’t mention what your challenges are.  Given the available funds (25% down) there should be little standing in your way as long as your current rentals are performing well.  You can get up to 10 residential loans in your name.  The income from your rentals usually offsets your mortgages on the existing rentals.  You can also look at a commercial loan if you run into financing challenges with residential financing.  You’ll pay a little more interest, but as long as the new property makes money it can be a bit easier sometimes.

all the best

Randy