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Updated over 9 years ago,
4 unit "package deal" + primary residence financing question
I am trying to connect some dots here. I am looking at a 4 unit package deal (out of state). I currently have a mortgage on my primary residence.
What would my options be for financing the 4 units?
If I took out a mortgage on each one, then I would have 5 in my name.
Do I look for a portfolio lender on this deal and then only have 2 mortgages?
Or do I only put 2 of the 4 units in my name and 2 in the wife's name, so that we both only have 3 mortgages each?
Any thoughts?