All Forum Posts by: Neil Aggarwal

Welcome to the madness!

Generally, lenders will lend you 50% of a property's value. If you can't find a bank willing to give you a loan against investment properties, you might have to find a private lender.

Did you try offering it with owner financing?

Some lenders allow you to wrap their loans.

I know some investors that do this.  It is a viable business model.

My guess is most people that have already achieved financial independence are not going to make it well known to others.

There is more competition in the market right now.  That will change once the people that are overpaying lose their shirts.  Right now, patience is your friend.

I think it is getting better, but you would be on the leading edge if you invest in the area now.  It might take 10 years to come up, it may never come up.  Its a risky position to be in if you are betting on the future.

I think you should look for a property close to your house as your first rental.  The market is high right now, but it is coming down. If you can't find a good deal, wait until you do.

For me, a house is either one I want to buy to live in or an investment property.  As Bruce mentioned above, the criteria for those are exclusive of each other.