large enough loan to buy multiple rental properties
Hi all... We have bought all of our rental propertes with conventional loans and now have a more difficult time getting loans due to the fact that we have so many mortgages in our name. The lender we use has pushed a few through with excetions because of our good credit and good documented history and tax returns. What do we do to get good loans to purchase more property at this point? I have been told to get a commercial loan for a fixed dollar amount and use it to buy multiple properties. Has anyone done that? Also, what kind of loans are available when you go to sources outside of the conventional? We buy and hold and do pretty much 30yr fixed on everything, we will not get ourselves into crazy finance deals, just straight up, fully amortized, with no balloons. Look forward to hearing from you!