Hi Everyone,
From`s Don`s books we understand that we need ~3+ investment properties before the banks will lend us endless amounts (if we respect the 1.1 rule for every property that is). With that said we are limited by our income for the first 3 properties and are finding that in order to get 3 that generate positive cash flow we can`t get anything in a place where the economic fundementals are at work.
Our thoughts are "just get the first 3, with positive cash flow, and THEN, because we`re no longer restricted for financing, start buying only if the economic fundementals are in place."
What do the experts think? Any help will be greatly appreciated.
From`s Don`s books we understand that we need ~3+ investment properties before the banks will lend us endless amounts (if we respect the 1.1 rule for every property that is). With that said we are limited by our income for the first 3 properties and are finding that in order to get 3 that generate positive cash flow we can`t get anything in a place where the economic fundementals are at work.
Our thoughts are "just get the first 3, with positive cash flow, and THEN, because we`re no longer restricted for financing, start buying only if the economic fundementals are in place."
What do the experts think? Any help will be greatly appreciated.