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Updated over 7 years ago,

User Stats

16
Posts
2
Votes
Ashby Tyler Cappelmann
  • Clemson, SC
2
Votes |
16
Posts

How to reach the maximum of 10

Ashby Tyler Cappelmann
  • Clemson, SC
Posted

Hey guys! My question relates to how the process of acquiring 10 mortgages in your name looks? I know there are residency requirements for many conventional mortgages but are those strictly FHA loans or something like them? If I want to purchase an investment property and it's only my 2nd mortgage can I go to basically any mortgage broker or lender with 20% down, acquire that investment property and repeat until I hit 10? Or does it have to be a portfolio lender? If so, what are some of the differences from a portfolio lender that may stray from the terms and cost of a conventional home loan? Any help or information will be greatly appreciated. Thank you in advance.

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