News for hackers. Stuff that matters.

A comment on Economic Pessimism Growing in U.S.. Parent comment

Re:Economic Pessimism Growing in U.S. by foobarian on Tuesday May 31, 2022 @04:03PM (#31574245)
> Using leverage to buy as much real estate

How does one leverage to buy more real estate? Refinance one house to pay down the next one? I just went through a home loan process and this would never work because they look at total LTV and credit reports...

[ Parent | on HN ]
Re:Economic Pessimism Growing in U.S. by toomuchtodo on Tuesday May 31, 2022 @04:17PM (#31574399)
https://www.biggerpockets.com/guides/brrrr-method

GSEs (Fannie, Freddie) let you lever up with a lot of real estate borrowing (~10 mortgages per person, with some wiggle room with creativity) before you have to go to a commercial bank to wrap the portfolio with a commercial loan or similar product.

[ Parent | on HN ]