Caping out at 10 properties!! Then what happens?

[David Pearson]

Hey I am buying rental homes and having them put in my personal name. The banks tell me that I can only do 10 of these. My question is what happens after I reach 10 properties?? Or can I transfer these properties into a LLC and continue to purchase in my personal name?? No need to bring up the due on sell clause when answering as to I am fully aware of this. Thanks

[Matt Motil]

Couple options, but they basically involve refinancing the debt into a commercial product ie blanket loan, where you put multiple properties under an umbrella of one loan product. This reduces the quantity of mortgages, allowing you to go back to the conventional well, so to speak.