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Updated over 6 years ago on . Most recent reply

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Colby Adkins
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Max amount of Mortgages

Colby Adkins
Posted
If the law says the max amount of mortgages in your name is 10 how do you hear of people with 50+ units within 6-8 years?

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Dan Barli
  • Attorney
  • Clifton, NJ
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Dan Barli
  • Attorney
  • Clifton, NJ
Replied

The max amount of mortgage you are referring to @Colby Adkins has to do with personal residential mortgages. I think the limit is 8-10 per person. When you hear of 50 units or more, there are other loan products and opportunities available for individuals to scale, including commercial loans, blanket loans, portfolio loans, private money, hard money lenders, etc. After you max out, you have to get creative! 

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