All Forum Posts by: Sasha Mohammed
Sasha Mohammed has started 1 posts and replied 311 times.
Post: Commercial loan on a portfolio of houses in GA

- Lender
- Costa Mesa, CA
- Posts 327
- Votes 240
@Chukwudi Motanya if you have the ability to go fannie/freddie for your investments, you'll definitely get better interest rates and less (or sometimes no) fees. fannie/freddie cap out at 10 financed properties, though, and they will qualify you based on income and ability to repay. still, this is the best option for your first 10 if you have the income on-paper, but yes, you would be paying on 10 different mortgages one at a time.
Additionally, for purchases, it's possible to do portfolio, but it is difficult as you're working with 5+ different sellers at one time to secure one loan. It may make more sense (so you don't lose deals) is to refi INTO a portfolio loan once you've acquired the properties and once they've stabilized.
Happy house hunting!