I understand that the limit is 10 mortgages for someone to have. How is it possible to own more than 10 investment properties?
I have heard on the Bigger Pockets podcast multiple individuals with more than 10 properties. Trying to learn here and would appreciate any guidance on this. TIA!
@Richard V. Great question! You can set up a LLC and purchase property as an entity. I would recommend not doing this until you have maxed out the 10 mortgage limit, because Like Jason said above the entity can only do commercial deals with rates and terms that are not as competitive as residential mortgages.
As @Jason D. indicated, you can do those. You can also implement partnerships and other creative-type arrangements to scale after your 10 investment loans.