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Updated almost 3 years ago on . Most recent reply

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Skylar Dejesus
  • Johnson City, TN
133
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140
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How many loans is to many?

Skylar Dejesus
  • Johnson City, TN
Posted

First, what is the maximum amount of loans a person can obtain? I also have read that creating an LLC to get another loan is usually not acceptable because you (the owner) have to still sign the documents basically making yourself liable. If you can continue to get financing is there a maximum amount of loans one can obtain? When will conventional financing no longer be an option i.e. will banks start getting hesitant to loan you money after 2 properties, 3, or 4? Hopefully someone the more experienced investors can help me with this! Thanks for your responses in advance!

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Brie Schmidt
  • Real Estate Broker
  • Chicago, IL
5,138
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Brie Schmidt
  • Real Estate Broker
  • Chicago, IL
ModeratorReplied

Once you get into commercial loans (even on under 4 units) it doesn't matter.  Actually the more you have the easier it gets. I have 21 loans

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Second City Real Estate
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