Hi,

I am unclear on the issue of mortgaging multiple properties. I constantly see or read articles about people that invest in real estate and purchase multiple properties to rent. 90% of the time these people have regular jobs and are buying the properties will some cash down and mortgaging the rest. My question is how do they qualify to mortgage say 5-6 different properties? Doesn't it come to a point where the bank might say that you are overextended? Any help would be great. Thanks.

2007-08-09 01:07:12 · 10 answers · asked by Anonymous in Renting & Real Estate

0 ⤊

can i buy a house with cash?

I mean like walk upto someones house (with4 sale sign) and say heres the money then thats it or do u have to go through solicitors
the reason I ask is my dad has come into money and wants to buy me a house but I dont have a bank account (blacklisted )
and I dont want to have to pay for surveys etc or middle men or anyone Lol
the house I want is the exact amount he will give me
If you can't just buy a house why not thanks

2007-08-09 01:01:13 · 4 answers · asked by Anonymous in Renting & Real Estate

0 ⤊

What are index funds and how do people make money from them?

2007-08-09 00:57:58 · 4 answers · asked by fishe21917 1 in Investing

1 ⤊

How long do you think the property market will be on the upward swing?

Since almost a year Vancouver property prices have really gone up up up! What are the views of those who know Vancouver property market well?

2007-08-09 00:56:58 · 3 answers · asked by snowbird552002 4 in Renting & Real Estate

1 ⤊

What is the definition of main board and second board?

From Bursa Saham Malaysia Securities

2007-08-09 00:56:52 · 4 answers · asked by Rabiatul C 1 in Corporations

0 ⤊

Accounting...Question????

Which of the two methods of estimating uncollectibles provides for the most accurate estimate of the current net realizable value of the receivables?

2007-08-09 00:53:13 · 1 answers · asked by Anonymous in Other - Business & Finance

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What are the three classifications of receivables?

2007-08-09 00:51:24 · 3 answers · asked by Anonymous in Other - Business & Finance

0 ⤊

What is the purpose of preparing a bank reconciliation?

The balance of Cash is likely to differ from the bank statement balance. What two factors are likely to be responsible for the difference?

2007-08-09 00:44:28 · 6 answers · asked by Anonymous in Other - Business & Finance

0 ⤊

JUAN RAMIREZ sells suits in a major department store on weekends. he earns a commission of 5 percent on the fi

a.$147.50
b.$185.00
c.$210.40
d.$260.00

2007-08-09 00:40:17 · 1 answers · asked by Bubblez 1 in Corporations

1 ⤊

Why did Congress pass the Sarbanes-Oxley Act of 2002? What was the purpose of the Sarbanes-Oxley Act of 2002?

2007-08-09 00:40:11 · 2 answers · asked by Anonymous in Other - Business & Finance

6 ⤊

should i take someone with me to home inspection? like a friend or family memeber?

i just bought a condo and need to do a home inspection. Can i do this on my own with my realtor or should i wait until someone else can go with me.

2007-08-09 00:30:55 · 9 answers · asked by Anonymous in Renting & Real Estate

2 ⤊

need to know what 1099 form i need for a car being reprogest?

i had bought a car from dodge dealer and it turned out to be a lemon so i let it go back, and now the collection departartment that they hired tells me that they cancount it as my income for this year if i do not settle with them. they said that they would turn it into the irs and then the irs will send me a 1099 form if i do not settle with them.

2007-08-09 00:13:03 · 3 answers · asked by dillinger 1 in United States

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