House Hack

[Cp Schlatter]

I currently own the house I live in and 2 rentals. I will be closing on my 4th property next week. I am currently using the house hack method. Looking forward, how many properties can I do this with in Minnesota? I am using this method due to lower down payment and better terms but I know I cannot keep this up forever. Thanks for the input. 

[Travis Sperr]

There is no limit to the number of times you can exercise this strategy with the right connections and lenders. You are limited to Fannie/Freddie loans at 10 as @Andy Schornack mentioned. A lot of investors get caught up in the conventional financed limits, but the fact is that once you have owned rentals for a while loans with local banks are pretty easy to get. Use your 10 conventional loans, then start using local banks. The good news is once you have 6-7 properties some of your 1st properties will have some equity you can cash out if it makes sense so you can keep going.

I got to 8 conventional loans before moving to a local bank and am getting 15 yr fixed rate loans at 4.5% and the banks lends to my LLC.

Keep up the good work!