financing rentals

[Chip Chronister]

I have a few properties and now the bank wants 20 percent down and 6 months of payments per property in the bank to cover my payment just in case all of them go vacant at the same time for 6 months. How do they expect anyone to get a loan? What are you doing to finance your rentals? I am not interested in house hacking or the BRRR strategy.

[Steve Vaughan]

Buying with seller-financing from tired landlords.  No shady land contracts, though.  Usually paying 6% for long terms (15+ yrs) with about 10% down.  No large reserve requirements!