Skip to content
×
PRO
Pro Members Get Full Access!
Get off the sidelines and take action in real estate investing with BiggerPockets Pro. Our comprehensive suite of tools and resources minimize mistakes, support informed decisions, and propel you to success.
Advanced networking features
Market and Deal Finder tools
Property analysis calculators
Landlord Command Center
$0
TODAY
$69.00/month when billed monthly.
$32.50/month when billed annually.
7 day free trial. Cancel anytime
Already a Pro Member? Sign in here

Join Over 3 Million Real Estate Investors

Create a free BiggerPockets account to comment, participate, and connect with over 3 million real estate investors.
Use your real name
By signing up, you indicate that you agree to the BiggerPockets Terms & Conditions.
The community here is like my own little personal real estate army that I can depend upon to help me through ANY problems I come across.
Buying & Selling Real Estate
All Forum Categories
Followed Discussions
Followed Categories
Followed People
Followed Locations
Market News & Data
General Info
Real Estate Strategies
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Real Estate Classifieds
Reviews & Feedback

Updated over 8 years ago,

User Stats

84
Posts
21
Votes
Tom Camarda
Pro Member
  • Investor
  • Los Angeles, CA
21
Votes |
84
Posts

Best way to keep purchasing

Tom Camarda
Pro Member
  • Investor
  • Los Angeles, CA
Posted

Greeting BP community

Question for you all. I currently only qualify for conventional mortgages via Freddie Mac, which caps my loans at 6. I currently have 6 properties (including my primary) so I have reached my limit... Because of a better W2 income this year,  I will qualify for 10 loans via Fannie after filing next years taxes but I want to keep buying now... 

What do you consider to be the best next step to continue to acquire? (I'd love to get off the conventional mortgage shnide altogether)

Let me preface by saying that I work in film production which is a very time consuming job with 12-14 hour days 5 days a week, usually in remote locations, so I'm not doing a lot of driving for dollars..

Some ideas I've been kicking around are:

1. Start a Corp, deed 2-3 props over to it thereby opening up another 2-3 "slots" for conventional mortgages

2. Portfolio loan

3. FSBO's

4. Subject To's (this is a bit outside my wheelhouse but I'm learning more about it...)

Thanks for the input!

Tom

Loading replies...