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Private Lending & Conventional Mortgage Advice

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Samantha A.
  • Melbourne Beach, FL
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27
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How do you get multiple mortgages with BRRRR?

Samantha A.
  • Melbourne Beach, FL
Posted Mar 12 2018, 19:20

I'm curious about using the BRRRR method and how the bank preapproves an investor with multiple mortgages. When you're ready to purchase additional properties - how do you get approved for the additional debt with your 2nd... 3rd... 4th.. (and beyond) homes?

I understand that you prove legitimacy as an investor with consistent, on-time payments, but how does that formation of trust begin? And what sort of purchasing timeline can you have (# of mortgages you get in the first few years)? 

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