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Short-Term & Vacation Rental Discussions

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Jonathan Depa
  • San Diego, CA
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Financing More Properties

Jonathan Depa
  • San Diego, CA
Posted Nov 12 2018, 01:59

Hi

I currently own two short-term rentals and I am looking to scale in the near future.  Both were financed with conventional mortgages. However, when I was getting my last mortgage, my lender told me he probably would only be able to 1 more at the most.  What are my options to finance more properties?  Are commercial loans an option?  

Down payments aren't a concern.  I have excellent credit, steady income and plenty of cash reserves.  Can somebody point me in the right direction of investor friendly lenders or possibly give me some input on how I could finance 5-7 more properties?  

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