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Updated almost 7 years ago,
Personal rentals reaching 10. Then what?
If someone could help with this please? I am reaching my 10 rental houses in my personal name. The banks tell me that once I reach 10 that’s it. What happens now? How can I continue to invest? I would figure that I could transfer them into a LLC, which I am not afraid of doing especially for the protection. No need to comment on Hey the due on sell clause as I am fully aware of this. If I do transfer these houses into a LLC would instill be able to purchase homes in my personal name and continue buying 30 yr mortgages. The banker says that they would still count the ones in my LLC. Need some help on this matter thanks!!!