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Updated almost 9 years ago,
How Many Mortgages Will the Bank Loan Me for Real Estate Rental?
Hello all. I'm hoping to get some good financing advice on how much and how many mortgages the banks will provide me. I've been told that I can get four Freddie Mac loans at low interest rates. After this, I'm assuming that I would have to get a portfolio or commercial loan from the bank on additional properties.
Question 1: How many conventional (Freddie) loans will the bank give me for rental properties?
Question 2: Do they have they have a cap.
Question 3: If Freddie Mac Loans are loans with the lowest interest rates, should I start by maxing these out (e.g. four).
Question 4: How much will the bank loan me? Do they have a loan cap? How do they determine this?
Thanks folks. I've been investing for over ten years, and wanted to finance more buy and holds.