Buying properties with one llc?

[Jeremy Wray]

I was wondering how many properties you can buy with your llc?

[Randy Janoe]

Originally posted by @Enrique Reyes:

Originally posted by @Michael Ablan:

You're allowed 10 residential mortgages under your name.

Anything purchased in an LLC would be a commerical mortgage, as it's a business buying it, not an individual.

A trick is to get 10 residential mortgages under your name, then refinance them all on a blanket commerical mortgage. Then you can start getting residential mortgages in your name again, since they're all now owned by your LLC company.

is there any reference to this strategy? I would imagine that this strategy has more detail to it in order for a commercial bank to grant a blanket mortgage on 10 individual property under an LLC.

 It's really how it sounds. 

A note can have more than one piece of collateral. 

Refinances focus on appraisal(s) and debt service coverage (typically 1.25x-1.30x. Purchases also focus on cost and will lend to the lower of the 3 values (DSCR, LTC or Appraisal).

If you have a portfolio of 10+ properties chances are you have a couple years of tax returns, equity and lease agreements in place to make a valuation based on DSC. If the business cant cash flow independently, a personal guarantor may be required.