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Updated almost 8 years ago on . Most recent reply

User Stats

83
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17
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Cody Jensen
  • Colonia, NJ
17
Votes |
83
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How to take the next step after buying first Multi-property

Cody Jensen
  • Colonia, NJ
Posted

Hey everyone,

I have a few questions. Once you purchase your first multi-family property... How do you go about getting into another property? 

If i have a mortgage from one bank now, what do i do for the next property? Do go to the same and or different bank and say,"I need mortgage and I own this property currently, how much are you willing to lend me?" 

I'm not sure how that works and would like to see how it works. 

Thank you !

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