Advice on how to break through 4 properties

[Jack Middleton]

Hi all,

I know that there is probably some posts on this somewhere (I think I read one or two a while back), but I have this nagging question on how to obtain more than four properties. My wife have a newly formed LLC and we hope to have the LLC purchase properties. We have 3 now and I really don't understand the mechanics of owning more than the limit imposed by lenders.

Any advice will be appreciated.

Thanks in advance,

Cheryl and Jack

[Shaun Weekes]

@Jack Middleton

You can have 10 Fannie loans and 6 Freddie loans.

Once you have 4 fannie loans you have to use delayed financing for cash out for properties 5 thru 10 

For freedie you can cash out up to 6 financed homes.

You won't be able to buy anything conventional under an LLC. It has to be under a personal name.

I hope this helps Sir.