Maxed on on my 10 fannie / freddie, putting next in wifes name?

[Asher Anthes]

I have my full 10 fannie freddie properties in my name.  I put 1 in my wifes name a few years ago when she had full time income as a nurse.  So, we have a few years tax returns now showing that one rental as hers.  But now, she's not working anymore.  Would I be able to pay her a salary as my property manager, and would the bank look at that as full time income along with the one rental to qualify us for 9 more fannie / freddie loans in her name?

I talked with a commercial loan broker, but all the options have balloons.  My goal is to lock in as much low fixed rate debt for 30 years on good cash flowing real esate.  Would like to have 20 total mortgages in 3 years.

Let me know your guys thoughts, or if you have found other solutuions!

[Wayne Brooks]

Originally posted by @Bob Okenwa:

She wouldn't have 2 years work history/tax returns as property manager, so they probably wouldn't count that income.

Have you considered getting a blanket mortgage for the 10 properties? Or finding a portfolio lender?

 That doesn’t help if the properties are still in his name.  The rule is about “10 mortgaged properties” not “10 Fannie loans”, as far as qualifying for another Fannie loan.