Rental Property Number 14 Purchased!

Ryan Dossey
Real Estate Broker · Indianapolis, IN · Member since 2014 · 3k+ posts · 2k+ votes
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Congrats Mark!
1 Reply
Linval T.
Investor · Bay Shore, NY · Member since 2014 · 1k+ posts · 688 votes
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@Mark Ferguson
- Congrats, as you work you way through the teens.
Now, on to #15.
1 Reply
Mehran K.
Investor · Wichita Falls, TX · Member since 2010 · 3k+ posts · 603 votes
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Grats Mark!
1 Reply
Angel Lucena
Investor · Richmond, VA · Member since 2015 · 18 posts · 2 votes
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Wow. Congrats, working on my very first deal.
1 Reply
Mark Ferguson
OP
Flipper/Rehabber · Greeley, CO · Member since 2013 · 2k+ posts · 1k+ votes
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Originally posted by @Linval T.:

@Mark Ferguson
- Congrats, as you work you way through the teens.
Now, on to #15.
Thank you. I have number 15 under contract! http://www.biggerpockets.com/forums/517/topics/207...
0 Reply
David Begley
Investor · Atlanta, GA · Member since 2014 · 415 posts · 299 votes
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Originally posted by @Mark Ferguson:

Just bought number 14! $134,000 with 10k or so in work needed. Should rent for $1,500 and ARV is $175ish.

http://investfourmore.com/2015/07/rental-property-...

Congrats Mark, that is inspiring!
1 Reply
Mark Ferguson
OP
Flipper/Rehabber · Greeley, CO · Member since 2013 · 2k+ posts · 1k+ votes
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Originally posted by @David Begley:

Originally posted by @Mark Ferguson:
Just bought number 14! $134,000 with 10k or so in work needed. Should rent for $1,500 and ARV is $175ish.

http://investfourmore.com/2015/07/rental-property-...

Congrats Mark, that is inspiring!

Thank you David!
0 Reply
James B.Pro Member
Investor · Monterey Area, CA · Member since 2011 · 150 posts · 81 votes
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@Mark Ferguson
Well done! Just closed on my third, now I continue to invest four more- get it :)
0 Reply
Mark Ferguson
OP
Flipper/Rehabber · Greeley, CO · Member since 2013 · 2k+ posts · 1k+ votes
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Originally posted by @James B.:

@Mark Ferguson
Well done! Just closed on my third, now I continue to invest four more- get it :)
Congrats James! Nice play on words. The reason I made the name with the number four was the idea of getting more than four mortgage .
0 Reply
James B.Pro Member
Investor · Monterey Area, CA · Member since 2011 · 150 posts · 81 votes
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@Mark Ferguson
Because 4 mortgages was the prior limit for FHA Loans, right? My lender will do 10 now, so that's a great change!
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Mark Ferguson
OP
Flipper/Rehabber · Greeley, CO · Member since 2013 · 2k+ posts · 1k+ votes
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Originally posted by @James B.:

@Mark Ferguson
Because 4 mortgages was the prior limit for FHA Loans, right? My lender will do 10 now, so that's a great change!
And many banks still won't give more the four loans.
0 Reply
Gordon CuffePro Member
Investor · Roseville, CA · Member since 2009 · 1k+ posts · 583 votes
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I know have a lender in CA that will lend even if someone has 10 or more financed properties or even if the person's debt to income ratio is too high. They will look at the cash flow of the property to qualify the person for the loan.
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Mark Ferguson
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Flipper/Rehabber · Greeley, CO · Member since 2013 · 2k+ posts · 1k+ votes
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Originally posted by @Gordon Cuffe:

I know have a lender in CA that will lend even if someone has 10 or more financed properties or even if the person's debt to income ratio is too high. They will look at the cash flow of the property to qualify the person for the loan.
There are quite a few lenders out there who will lend on more than 4 or 10. The trick is finding them.
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Juan Cristales
Investor · Willis, TX · Member since 2014 · 245 posts · 124 votes
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Congratulations! @Mark Ferguson.
I enjoy reading the success stories as they provide good content, not to mention good motivation!
1 Reply
Mark Ferguson
OP
Flipper/Rehabber · Greeley, CO · Member since 2013 · 2k+ posts · 1k+ votes
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Originally posted by @Juan Cristales:

Congratulations! @Mark Ferguson.
I enjoy reading the success stories as they provide good content, not to mention good motivation!
Thanks Juan!
0 Reply

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