I have 10 morts. Can I refinance into 1 commercial and buy more?

[Adam Haman]

Hi All!

I'm wondering if I were to refinance a handful of my properties into a non-recourse commercial loan, would these properties then come off of my personal credit so that I could purchase more properties with Fannie/Freddie loans?

Would love to hear from someone who has attempted this. Thanks!

[Wayne Brooks]

Of course you can get a "commercial" loan for sfr's, that's how you Have to get them when buying with an llc.  I believe if you refi them out into an llc (not just change title) with no personal guarantee, you are good to go.

But then again, you'll have commercial loans on 10 properties, so you can get more conventional loans in your name, but what have you gained?  You still have shorter amortizations, 5-10 year balloons and a higher rate on the 10 properties.  Maybe just keep the loans you have, and do commercial/portfolio from hereon?

@Chris Mason probably has some thoughts....