Quote:
Originally Posted by fuzebox
Houses command great rent in any area... If you can get them at a low enough purchase price and have the cash, then by all means try to get one. Nothing wrong with your idea of fixing it up, finding a renter, buying another, and repeating.
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That's my thoughts.
With property, you have a few options. Flip, rent, hold and sell later. But to the bank and you are trying to borrow money, buy more toys, or whatever. They always wanna see some 'hard asset' when you make your money in the online world.
While my CU loan officer, and branch manager, pretty much has the understanding now. Not all banks are as understanding. The more assets you have they can take. The more willing they are to lend.