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Updated over 9 years ago on . Most recent reply

User Stats

194
Posts
175
Votes
Mike Sattem
  • Investor
  • La Grande, OR
175
Votes |
194
Posts

BRRRR Refinance question- What happens after I reach 10 Loans?

Mike Sattem
  • Investor
  • La Grande, OR
Posted

Hello All,

Quick question for clarification. After I reach my max of 10 government backed loans (almost there which is why I am asking) do I have to start looking to credit unions or commercial institutions to refinance my BRRRR deals? I just wrote an offer today on a home that would out me at 10 loans (I own several other properties outright, Thanks Dave Ramsey) so I am wondering if I can continue doing this, or need to transition to a different type of investing.

Thanks in advance,

Most Popular Reply

User Stats

786
Posts
716
Votes
Ryland Taniguchi
  • San Francisco, CA
716
Votes |
786
Posts
Ryland Taniguchi
  • San Francisco, CA
Replied

One option is to 1031 10 green houses for one red hotel (an apartment). And now you've paid off all 10 mortgages, own an apartment and do it all over again.

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