How is it possible to own such large portfolios of rentals?
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They dont look at it like a normal mortgage. A person applying for a mortgage for their 15th apartment has a much more complex porfolio of income than a standard paycheck. They look at the income from all the rentals as well as potential rental income from the new place while considering it.
How is it possible to own such large portfolios of rentals?as long as the apartment is making money then it really does not matter. In some of the deals that I have done the client had bad credit but the unit he bought made enough money to cover the payment on the new loan.
In most commercial deals it is not the client that is looked at closely it is the property itself
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