Quote from @Dani Beit-Or:
How many mortgages do you have? Are you close to 10?
Are you married and does your spouse work and can get mortgages too?
From my ~20 years of experience—here are few things you can consider:
- There are options to mortgage more than 10 properties, it will mean getting a bit creative.
- Consider buying 4-plexes, it's almost like buying 4 houses in one transaction and in one mortgage.
- If you have close to 10 already (or when you have ) you could be able to bundle all or some under an blanket mortgage and releasing the # of mortgages you have.
I appreciate the response, Dani!
I am thinking of doing that once I reach 10 to free myself up. I currently have 7 so 3 more spots are available. I am interested in 4-plexes as that is the maximum number allowed to still be eligible. However, I'm unsure where to look regarding finding a market and good numbers.
DO you have any recommended lenders who can do the blanket mortgage?