How to purchase more than two investment properties?
My question is how do people have many investment properties say 7-10 $100,000 properties? When you try to get financing for more properties wouldnt you you be so far in debt? I know that you rent out the properties but you cant make that much profit after the mortgage payment. For example if you have 7, 100,000$ properties renting for 1500 a month with a mortgage of 1000 for each your only netting 3500 a month and in $700000 worth of debt so how can you keep getting loans for more properties?
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Filed under Renting & Real Estate by on Jul 28th, 2010. 