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Updated almost 9 years ago,
Planning for Financing
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!