LLC Creation For Rental Properties

[Arron Paulino]

Hello,

I am wondering if I need to create an LLC or keep adding rental properties under my name. My worry is that when I reach the maximum of Freddie and Fannie's conventional financing I will need to either look elsewhere for good terms for funding or free myself up somehow. Not sure if I need to get an LLC I just want to prepare myself for when the max happens. Maybe I will need to get one portfolio loan to group up all of the properties. I am looking at expanding into other markets. Does an LLC need to be in the state where the properties are located? Would I need multiple LLCs? Looking forward to hearing from the community!

[Dani Beit-Or]

How many mortgages do you have? Are you close to 10?

Are you married and does your spouse work and can get mortgages too?

From my ~20 years of experience—here are few things you can consider:

- There are options to mortgage more than 10 properties, it will mean getting a bit creative. 

- Consider buying 4-plexes, it's almost like buying 4 houses in one transaction and in one mortgage. 

- If you have close to 10 already (or when you have ) you could be able to bundle all or some under an blanket mortgage and releasing the # of mortgages you have.