Planning for Financing

[Andy Tomaswick]

Hi all,

I'm taking the first steps of setting out the goals I want to achieve in the next 5-10 years and I am running into a question I'm not yet sure how to answer.

Let's say I want to buy 12 properties in a year. Using something like the BRRR strategy will work in terms of keeping the original investment coming back. However, there is a limit to how many standard mortgages a person can have at a time.

So when calculating what I can reasonably expect to do in a year should I include the paying off mortgages so that I'm only carrying a reasonable amount? (4 say?) or should I plan on being able to get financing some other way - maybe a different bank or private lender? 

Any thoughts are appreciated.  Thanks in advance!

[Account Closed]

Some banks or mortgage writers know of loans that are specifically for investors and are set up as a "blanket loan" some cover 5 properties and some even up too 10. Call a local bank or mortgage company and discuss some options! Hope this helps.