More than 10 properties
Can you please help me out?
I am trying to figure out the best investment strategy for my future..
I only have 3 rentals now (besides my house where I live)
I was thinking about continuing to buy single family or small multifamily (so I could stay with residential financing)
1) I am in escrow on a fourplex, do I understand correctly that even though it consists of 4 units, lenders will still consider it as one loan (loan number 5) , right?
2) If I get 10 loans financed via conventional lending (backed up by Fannie MAe) then what? I am maxed out? I have to go to through commercial lending?
3) Portfolio lending is the same as commercial lending, correct?
4) if you were me (and I love conventional lending and sort of scared of commercial lending) would you rather buy a portfolio or stay with small multifamily/single family?
Thank you!