How do you buy multiple real estate properties?
As I understand it, when you apply for credit/mortgage to buy a house for example, they check all your pre-existing debt and factor that in before deciding whether or not to loan you the money. So how do some people own multiple properties?
I’m guessing they do it through a corporation or other business entity?
Sorry I’m a little confused, I don’t understand how it works. I have a hard time even qualifying for ONE mortgage given my pre-existing debt (car payments, installment debt, etc). Could someone elaborate?