Loans maxed out. Now what?

[Thomas Staub]

Hello I have reached my 10 loans and have considered the blanket loan option but lenders need the properties to be worth $100K each and the loan size has to be at least $500K so about $750K in total value. What are other options, besides getting married, to access more loans or acquire more properties without doing a cash buy?

[Bob Okenwa]

Find another lender that will hold the loan instead of selling it. Portfolio lenders are a little harder to find than conventional lenders, so it may require some legwork on your part. You can call a few local banks or credit unions and see if they offer such options. Sometimes they'll have it listed on their website as well.

You can go the commercial route for loans and get them through an LLC, but those terms are less favorable than the 30 year loans you can get in your own name.