Husband & Wife: Both on loan?

[Jordan Coates]

Hey everybody. I'm new to BP and REI. My wife and I are close to making an offer on our investment property and I'm working on the pre-approval process. We would love to expand our portfolio in the future and own multiple properties. My question is this: Is it better to do each mortgage in just one of our names? If traditional lenders are going to cut us off at 4 (or so) a piece, doesn't it make sense to finance them individually so that we can get to 8 before having to find alternate forms of financing? Or am I thinking of this in the wrong way?

For sake of argument assume a couple of things: credit scores are good, our individual incomes will support multiple mortgage payments and we will live happily ever after (not worrying about splitting assets due to divorce or something).  

Thanks for helping a new investor!

Jordan Coates, Smithfield NC

[Kyle McCorkel]

Jordan Coates bottom line: if you can qualify individually, then place it in only one person's name. This doubles your loan capacity as a married couple - you can have 10 each so 20 total.