In need of some guidance

[Jacob Vargas]

Hey all,

I feel like I'm in a bit of a stand still. No video or google search is giving me the right direction I'm looking for.

I just started getting into buying rental properties December of 2021. I currently own three rental properties that cash flow monthly. Just about to turn 26 and planning on moving back home to Colorado when I'm 27. I'm torn between the idea of only being able to have four mortgages under my name. 

How do I continue building my portfolio? Do I move them all to a trust or llc and start over on my name? Do I start with a portfolio loan? Do I save my last mortgage use for my house I'm planning on buying in Colorado when the time comes?

I appreciate anyones input.

Thank you,

Jacob

[Anthony Taylor]

Hey Jacob,

Understandable concern. Fannie Mae does allow for up to 10 mortgages in your name though. Your challenge may be debt to income (DTI) if you just purchased these properties and don't have a full year of tax returns to show the income. That said, talk to a lender that works with investors and I'm sure they can help you figure it out but from what I know, you aren't currently maxed out on mortgages!

Where in Colorado are you planning to move this next year?