Updated over 11 years ago on . Most recent reply
10 different loans
can i can multiple loans from 10 different banks if i have no income?
if i wanted to get a house to flip that was worth 100k could i go to 11 different banks and get a loan for 10k?
currently i have no income because i am in college. but i am wondering where i stand and if this is possible.
Most Popular Reply
Assuming you can even find a loan for a flip from a bank, that bank will want first loan position. Once you start taking out multiple loans you can no longer offer first position on the loans. Good thinking, but highly unlikely.