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Updated almost 8 years ago,
Quoting Dr. Ian Malcolm from Jurassic Park
"Yeah, yeah, but your scientists were so preoccupied with whether or not they could that they didn't stop to think if they should."
I am questioning whether or not I should use my ability to finance up to 10 properties per FNMA guidelines just because I can. Just because I would have tenants covering these mortgages doesn't mean I wouldn't have a harder time getting conventional financing later on with all the depreciation, etc.
What are your thoughts on my strategy here?
I am considering doing everything through a Portfolio Lender under an LLC to keep even my first 10 properties off my personal name.
Do have the right line of thinking here? Is it silly to do so? I am thinking from the mindset of a Lender. I don't want my business investments to interfere with my personal business and further complicate everything I do.
I realize that in doing so, I am sacrificing some in the rate but it seems worth it in the long run.
Did anyone execute this strategy starting out?