How can You Own More than 10 SFR at Once?

[Nick Religa]

Hi Everyone,

I am investing in SFR properties around the Phoenix area, and I came across something that confused me. I've been reading on BP about how a lot of you guys own 20+, or even 50+ SFR rentals. I understand that the mortgage limit with most banks is 4, but some can go up to 10. So my question is: How do people have MORE than 10 properties that they currently own and rent out? I'm assuming they all have a mortgage on each property to maximize leverage, right?

I will be buying my properties through an LLC, and partnering with somebody who will be able to get approved for the mortgages. In this case, would the mortgage limit still be 10 for us?

gilbert, scottsdale, arizona, mesa, chandler

- Nick A. Religa

[George P.]

Originally posted by @Thomas S.:

Better question is why would you want to own 10 SFHs when the return is so much lower than owning MFHs. The math on SFHs simply does not add up unless you are speculating in a very high appreciation market.

 Wrong.  There are at least  20 factors why houses are better investments than multis.  One of them being, you can sell a house at a drop of a hat to anyone... Anyone... You can sell multi only to an investor, no homeowner will want it. 

The rest of the responses were correct