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Updated about 3 years ago on . Most recent reply

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Carlton B.
  • Rental Property Investor
  • Milwaukee, WI
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Financing multiple flips

Carlton B.
  • Rental Property Investor
  • Milwaukee, WI
Posted

I'm looking to start doing multiple properties at once. I have a good banker, but I would think that banks have a limit or formula that they adhere to for lending. 

Is there a general rule/formula for how much risk a bank will take with an individual?

Should I just look at multiple banks\ hard-money lenders?

Thanks

Most Popular Reply

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Eliott Elias
  • Investor
  • Austin, TX
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Eliott Elias
  • Investor
  • Austin, TX
Replied

This depends on what kind of financing you are pursuing. Commercial bankers will evaluate your entire portfolio & financial stability, then assess the risk from there. DSCR and hard money will evaluate the asset, there should be no limit.

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