Skip to content
×
Pro Members Get
Full Access!
Get off the sidelines and take action in real estate investing with BiggerPockets Pro. Our comprehensive suite of tools and resources minimize mistakes, support informed decisions, and propel you to success.
Advanced networking features
Market and Deal Finder tools
Property analysis calculators
Landlord Command Center
ANNUAL Save 54%
$32.50 /mo
$390 billed annualy
MONTHLY
$69 /mo
billed monthly
7 day free trial. Cancel anytime
×
Take Your Forum Experience
to the Next Level
Create a free account and join over 3 million investors sharing
their journeys and helping each other succeed.
Use your real name
By signing up, you indicate that you agree to the BiggerPockets Terms & Conditions.
Already a member?  Login here
BRRRR - Buy, Rehab, Rent, Refinance, Repeat
All Forum Categories
Followed Discussions
Followed Categories
Followed People
Followed Locations
Market News & Data
General Info
Real Estate Strategies
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Real Estate Classifieds
Reviews & Feedback

Updated over 4 years ago on . Most recent reply

User Stats

18
Posts
16
Votes
Denver J Lobo
  • Investor
  • Temple, Tx
16
Votes |
18
Posts

What happens when you get to 10 properties?

Denver J Lobo
  • Investor
  • Temple, Tx
Posted

I currently own 7 SFH properties, that I have BRRRR'd as a buy & hold investment. As I approach the 10 limit imposed by Fannie Mae and Freddie Mac, I am starting to think about how I can go past that number. Can you please share your advice on how you have gone past that 10 number? For the sake of this conversation, I do not want to discuss Multifamily properties, I only want to focus on SFH (Detached, Townhomes, Condos etc).

- Option 1 is to get 10 conventional loans, and then every loan subsequent to that move to non-conventional lenders. 

- Option 2 is to package my 10 conventional loans into a blanket loan or commercial loan (I still havn't been able to nail down the exact different between the 2), which would allow me to do ~10 more conventional loans.

Any other options or advice that you have used would be super useful! Thanks Biggerpockets! (Hope this conversation helps others in a similar boat)

Most Popular Reply

User Stats

304
Posts
462
Votes
Dennis Cosgrave
  • Rental Property Investor
462
Votes |
304
Posts
Dennis Cosgrave
  • Rental Property Investor
Replied

When I reached 10 properties, it just became too much to manage so I sold them all and used the proceeds to buy a couple of large apartment buildings. They had live-in managers who dealt with the day to day stuff, which made my life a lot easier. 

Loading replies...