Who can cash out on 15 properties?

[David H.]

I called my mortgage loan officer yesterday to discuss lending options for my many properties in LA.  I'm looking to grow my business, and I wanted to borrow using my rental homes as collateral.  I have zero debt.

She said for the SFR properties, bank policy is limited to 4. She didn't do multi-family, but said I could potentially go to a commercial bank.

I know someone on BP has tried this before.  What's my best bet if I want efficient access to capital to acquire more foreclosed properties?  Should I just finance new acquisitions as purchase?  Or should I lever existing home that are unlevered and buy new homes with "cash."

David