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I just purchased my 10th House...NOW WHAT???? (1 viewing) (1) Guests
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TOPIC: I just purchased my 10th House...NOW WHAT????
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KYquantis ()
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I just purchased my 10th House...NOW WHAT???? 9 Months, 3 Weeks ago Karma: 0  
I purchased my first home in 2002 after using the Carleton Sheets home study program. Best thing I ever did for myself. The first 8 homes I bought were easy...Secondary market...super aggressive and low interest rates across the board. I have built a solid portfolio. All properties currently leased. Property value is 1.5 million +/- Currently owe $800,000. This economy is the best thing that has ever happened to me....property values are low low low and interest rates are even lower. The best thing is the rent rates have remained the same. Easy to cash flow. Here is where my train leaves the tracks....The secondary market has locked me out....Too many mortgages over the limit!!!! The last two homes I bought, I had to go with a local bank...in house loan. Not terrible but I'm paying way above my basline of previous financing. WHAT now! I have CASH to pay the 20% down. I have a 100k personal income. I have virtually no personal debt. No credit cards. Lenders Reject me on the basis I have too many homes. What can I do to gain access to the secondary market again and start rolling. HELP!!!!!!!!!!!!!
 
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