How many conventional loans in 2 names

[Mike Flora]

We are cash out refinancing 2 rentals right now and want to know if myself and my business partner can both have our name on the loan and have up to 20 loans out in both of our names. I know a single person can have 10 properties in there name but what if we have 2 people on the loan, can we do that 20. Ran into a couple of snags on the refinance portion that are fixable but this would be the best way around it if possible. My lender is currently working on this now but wanted to see what all you guys say as well. The property will be in our LLC name and loan will be in one, or hopefully both, name or both names. It’s a 50/50 ownership LLC, current private money loan is in our LLC name and it’s been 6 months seasoning. Fannie is stating one of us needs to have more ownership than the other and then it can go in that persons name. Fixable and there are ways around this but working on that now and don’t have answers yet. ANYONE???

[Matt K.]

I don't have a source, but from my brief overview it's 1 loan per name, both names counts as 1 ea. You need to do 10 ea separate to get to 20 limit.