Finance

[David F.]

I understand that conventional lenders often have a cap of 4 or 10 financed properties per individual. I also understand that a spouse can qualify as a separate individual in regards to this limit. Let's say I have met my cap at 10 properties. For property number 11, since it is in my spouse's name, can my income still count towards it in terms of qualifying for a loan (DTI, etc)? Thanks.

[Darren Eady]

Obviously this is not a work around.  She would need to qualify without your income, credit, etc. if she were to start building her own portfolio.  

I would check with local banks close to the properties.  They may have similar terms as the Fannie / Freddie loan programs, but hold their own paper allowing them to go over this fictitious limit.  In my local area I have 10 loans on properties and Wells Fargo would not do the 11th loan but a bank called Rock Canyon did and my 12th as well with rates in the 6's.  I'm in Utah.