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Updated over 5 years ago on . Most recent reply

User Stats

24
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14
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Dustin Thoms
  • Investor
  • Sumner, WA
14
Votes |
24
Posts

Financing for more properties

Dustin Thoms
  • Investor
  • Sumner, WA
Posted

I am currently purchasing my fifth and sixth properties that are in the Huntsville, AL area (thanks to Caroline Davis with The Davis Team New South Realtors who I met on BP, she’s done a great job helping me).  I have three houses in Orlando that are financed (thank you Peggy Moore with CFL Property Management who is awesome) and one in the Kansas City area that is 100% paid for (thanks to @Bob Woelfel who I met on BP who I would recommend for the KC area).  Anyway, with the sixth house the mortgage lender had to confirm my debt to income ratio to make sure I could get both house 5 and 6 at the same time.  To get straight to my question after doing a plug for my realtors, is it possible to finance 15 or more houses?  How does an individual do that?

Most Popular Reply

User Stats

747
Posts
398
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Dan Krupa
  • Real Estate Broker
  • Phoenix, AZ
398
Votes |
747
Posts
Dan Krupa
  • Real Estate Broker
  • Phoenix, AZ
Replied

@Dustin Thoms I/we assume you are talking about residential loans, correct? You can take down as many as you want via commercial loans but yes, you are just about tapped out on residential. If you are married you might be able to put a few solely in your wife's name but that will be it.  

Work commercial loans with local lenders. The sky is the limit then. 

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