Most banks will not finance more than four properties
The problem with buying many properties is most lenders don’t like lending to an investor who already has four mortgages. Most big banks will tell you it is impossible for them to give a fifth mortgage to anyone. There is a way to get a loan on your fifth, sixth or twenty-fifth property, the trick is to find willing banks and if possible, a portfolio lender.
The problem with buying many properties is most lenders don’t like lending to an investor who already has four mortgages. Most big banks will tell you it is impossible for them to give a fifth mortgage to anyone. There is a way to get a loan on your fifth, sixth or twenty-fifth property, the trick is to find willing banks and if possible, a portfolio lender.
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