@Jordan Lagrassa10 conventional loans is the limit for lenders. The folks who have more than that in financed properties are using portfolio loans or some other in house product usually at small local banks. local banks will look at the income and the business model that you are putting out. 10 properties would be a great problem to have.

It was through union state bank in temple tx

I didn't look into that but that is a great idea. Thank you

@Jordan Lagrassa would you mind sharing which lender gave you that rate?

Check what the cap is on the adjustable rate. My bank initially started at 3% but agreed to 2% without any argument. The 2% cap means payment will most likely not go up even if the rate increases the max each 5 years. That was important to me.

My local bank will write as many notes as I can handle, no limit.

banks most of the time won't lend to an llc . And if you try and move it into one then they could foreclose on the house if you still had a lien on the house with a bank

I'm super new to this world so I apologize if I seem naïve, but I have seen people manage their properties through multiple companies. For example the own 10 properties through FIRST LLC and then another 10 though SECOND LLC. Each LLC is operating as a separate entity so would this not be a way to finance 20 properties simultaneously?

Looked into it today and i can get a commercial 15yr loan at 5.25% rate adj every 5 years

Makes sense guys thank you . Are private lenders doing 20+ year loans for there investors?

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Jordan LagrassaPoster

Temple, TX

Private Lending & Conventional Mortgage Advice

30+ properties ?

Jordan LagrassaPoster

Temple, TX

Posted April 28, 2016 08:20

I have listened to many podcasts where people have more properties than the 10 loans I know is the max amount allowed . How are they doing this? Their debt to income ratio for that many conventional loans seems to be impossible to achieve . Any clarification on this would be appreciated. Thanks

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