All Forum Posts by: Jerry Padilla

@Deano Vulcano you can purchase ten properties and use the cash as reserves and down payments. @Jay Hinrichs always has great advice! 

Here is some general info on conventional financing.

http://www.biggerpockets.com/blogs/5110/blog_posts/42789-conventional-financibg-available-for-up-to-ten-properties

@Jermaine McIntosh 

Do you currently have an FHA mortgage? To purchase using conventional you will have to still have to put down a significant down payment.

http://www.biggerpockets.com/blogs/5110/blog_posts/42789-conventional-financibg-available-for-up-to-ten-properties

@Chris Wood

You can actually obtain financing for 10k and up. 

Can you get a rental history on the tenants or house history? What do the houses in the neighborhood go for? Great deal...... But not a great exit strategy as others have said. 

All positive responses here. I guess @Ben Leybovich hasn't seen your post yet. ;-)

@Noah Oluwo

• Decide where you want to invest. 
• Get pre-qualified and 
• Start searching for investment properties. 
• Make sure you use an investor knowledgable agent and loan officer. 

@Michael Rogers 

You can go out 30 years with a fixed rate term on up to ten mortgages. 

Here is some to some info on conventional financing and your options. Hopefully this helps.

http://www.biggerpockets.com/blogs/5110/blog_posts/42789-conventional-financibg-available-for-up-to-ten-properties

@Teresa Hubbard

@Wendell De Guzman

@Michael Roeder 

Have you been pre-qualified? 

2% sellers concessions is completely acceptable for investor financing. 

Here is some info on conventional financing. 

http://www.biggerpockets.com/blogs/5110/blog_posts/42789-conventional-financibg-available-for-up-to-ten-properties

@Paul M.

You can cash out refinance as long as you have four or less mortgages including the subject property.

Here is some more info that you may find helpful.  

http://www.biggerpockets.com/blogs/5110/blog_posts/42766-all-about-conventional-cashing-out-on-those-properties-1-10

@Michael Hicks....... You could always ask for a large "security deposit" to be used as the down payment at closing as well.