Getting Past the 4 Mortgage Rule - Business Borrowing?
My wife and I have three conventionally financed properties (including our primary residence). We are in the process of purchasing a fourth, with a fifth identified. As I understand, conventional financing is generally limited to four mortgages, unless you work with a portfolio lender. Here is my question:
If we use our LLC as the borrower for the fourth property and personally guarantee the loan, does it count toward our 4 mortgages? Will big banks like B of A or Wells Fargo make conventional loans like this to business entities?