All Forum Posts by: Kevin Jones

Hello everyone.   Thank you so much for all your response!!  This was my first post and now realize that I needed to put more details so that you can advise me without assuming my intention.  I do have a pretty good amount of equity built up and my intention is that since the rate is low now, I plan on refinance to pull the equity out into cash so that I can use it to buy an apartment complex when that opportunity arises. If you have any additional advice, I will welcome it.  Again, thank you all for taking your time to post a reply!!

Hello,

I heard that you can only finance a max of 10 rental properties under the current guild line.  I currently have 8 and would like to take some of them and refinance under a business mortgage to free up some room for future purchases with normal financing.  Is it worth do that?  Also, would it be better to get individual new mortgages or group a few or more into one business mortgage?  I have 5 of them in the same location so I wouldn't mind grouping them since I don't see myself selling them any time near future.  Any suggestion on which commercial mortgage company to go to refinance and what to look out for?  Any input and suggestions would be appricated.

Thanks,

KJ