Updated almost 7 years ago on . Most recent reply
Financing multiple properties?
I’m getting started in investing this year I’m looking to buy my first property this year and then three next year. All under 150k my question is from what I’ve seen once you get to four mortgages it’s hard to get more mortgages so how do you continue to grow and get more properties if you can not get more than four mortgages. I’ve seen several people on here talking about have 90+ properties. Where do you get funding for this many properties? Thanks in advance!
Most Popular Reply
The new law allows you to have up to 10 financed investment properties. Then you can convert these conventional mortgages into a blanket loan that is commercial under LLC name for example. Therefore it resets your personal count so you can repeat the process. You can also use private money lender.