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Updated over 14 years ago on . Most recent reply

Kevin Snyder's profile image
Kevin Snyder's profile image
Kevin Snyder
  • from los angeles, California
  • Member since Oct 21, 2008
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Kevin Snyder's profile image
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Kevin Snyder
  • from los angeles, California
  • Member since Oct 21, 2008
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Kevin Snyder
  • los angeles, CA
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Buying & Selling Real Estate

houses financed

Kevin Snyder
  • los angeles, CA
Posted

Being new to this...how many houses in total are you allowed to have financed? Or can someone direct to a form, for the answer, please make sure a newer form.

Thank you

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Tom S.'s profile image
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Tom S.
  • Real Estate Investor
  • from Burlington, VT
  • Member since Feb 4, 2010
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Tom S.'s profile image
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Tom S.
  • Real Estate Investor
  • from Burlington, VT
  • Member since Feb 4, 2010
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Tom S.
  • Real Estate Investor
  • Burlington, VT
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Tom S.
  • Real Estate Investor
  • Burlington, VT
Replied

Hi Kevin,

Welcome to BP! Up to 10 is the general guideline, with increasing reserves per house required. I believe the reserve requirement accelerates after 4 houses.

An alternative is a small local bank that holds the loans "in house". They are sometimes more flexible as they're not selling the loans.

- Tom

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