more than 10 mortgages for small multi family

[Arsalan S.]

As an Investor, If we buy a lot of duplexes or small multifamily 2units to 4units, how can we get more than 5 or 6 even 10 mortgages  at the same time?

there is max 10 mortgage rules, but if we are buying more than 10 small multi family, How can we get and be qualify for more mortgages?

where should we go to get that?

[Matt Lyons]

There a few things that you can consider:

1. Portfolio loan... basically rolling all the loans up. This would be more of a commercial loan BUT it also should allow you to do a HELOC (or line of credit) off the equity in the portfolio which would give you access to more equity than 10 loans and trying to HELOC each..so win win by doing a portfolio loan

2. I dont think you are LIMITED on number of loans you can have, just number of loans you can have based on what types of loans they are...meaning you are limited (I think) to 10 conventional residential loan (or maybe 10 FDA insured loans)...but you are not limited on 10 loans just types ( I think the type you have now is 30 year fixed loans which may be limited to 10)...but there are tons of other types of loans from hard money lending to ARMs to 20 year fixed commercial loans

3. FIND THE RIGHT BANK...in the end banks are like shoes, some fit and some dont. FIND the bank that fits for what you want to do and keep in mind you may need to work with more than one bank. For example: I found a great small town bank that is HAPPY to loan for any type of property in smaller communities within their state (mixed use, SFR, multi unit)...they do 25 year loans that adjust every 5 years and I have no limit. I have another bank that will do loans in ANY town but must be over 6 units for them to lend on it. And finally, I have a bank that will do 30 year fixed, limit me to 10 loans but only up to 4 units

SHOP BANKS and SEARCH for solutions, dont assume you have ANY true limits because you dont