Maxed out on mortgages, now what??

[David Boroughes]

Hi all, I own several investment properties and am always looking for more, problem is, I am now maxed out on conventional mortgages. Where do I go from here? I would like to add more properties to the portfolio and have never had any issues or late payments on any mortgages, the issue is my debt to income ratio simply will not allow for any more loans. Having the property qualify on its own does not work, simply not enough net to qualify for much of a loan. The prices here are on the higher side (SF @ $250K, MF begin at $285K) although the income they bring in makes decent ($8,000-$14,000/yr) cash flow possible with about 25% down payment. Can anyone in similar situation previously help?

[Jerry W.]

I have to agree with @Russell Brazil. You probably need to consider commercial loans and portfolio lenders. That is what I use. I have over over 30 units and only 3 are in my own name on the loans. A few other options are doing a JV (joint venture), with another person and using their credit and DTI rating to get into a property. If you have not already done so you will probably want an LLC for the JV or for holding the properties for the portfolio loans.