How to continue acquiring rentals after lender limit

[Ian Focht]

Good evening everyone!

I’m new to investing and I’m a person who likes to put together a long term roadmap when I get into something. One thing that I’m having trouble understanding is: How do you continue to acquire properties after you reach the bank limits on mortgages? I have a source of private lending to place down payments on homes that I would intend on refinancing and repaying within 12-18 months. That private source of down money would be accessible for me as long as things go smoothly. I would not be able to mortgage through this source so once I reach 10 mortgages that would be my limit. Unless I misunderstand how it evolves at that point. 

Can anyone explain briefly how one can expand beyond that 10 mortgage limit to reach goals such as 50-100 doors without giving up any of the single family homes already invested in? 

Cash flow is important but I’m aiming 10 years from now as my maturity date for the homes due to loan pay down. At that point my aim is to convert into large multi-family.

Any advice relating to getting a general roadmap together would be happily received. This form of investing really makes sense to me and I am in love with the process.  Can’t wait to get started and I’m very thankful to be part of this group.

Thanks!

Ian