OfflineHello;
I have a paid-off property that has been rented out for almost two years. My goal was to use Dean's system and buy a second home and a third home; however, i haven't even been able to buy my second home yet because i couldn't get a loan. How do people get a loan to buy another property?
Thanks
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Baria
You can also do a Subject to and buy the property that way.
Donald Myers
you may want to fill out some information on your profile so that other investors may know a little about you and can also network with you...
You have to keep looking for a bank that will let you refinance the property or get a home equity line of credit. Try smaller banks.
Wishing you success,
Valerie
Valerie
“And will you succeed? Yes indeed, yes indeed! Ninety-eight and three-quarters percent guaranteed!” ― Dr. Seuss
"I believe in angels, the kind that heaven sends; I am surrounded by angels, but I call them friends" - Unknown
My journal: http://www.deangraziosi.com/real-estate-forums/investing-journals/59110/...
Thank you Valerie and Donald. I've been looking for a small banks but couldn't find one yet. I live in Washington DC area and if somebody knows any Bank who could refinance my property, please let me know.
Baria
Baria
or virtual banks...
call every bank in your city, state, then out of state... look on the internet...
Valerie
“And will you succeed? Yes indeed, yes indeed! Ninety-eight and three-quarters percent guaranteed!” ― Dr. Seuss
"I believe in angels, the kind that heaven sends; I am surrounded by angels, but I call them friends" - Unknown
My journal: http://www.deangraziosi.com/real-estate-forums/investing-journals/59110/...