All Forum Posts by: Michael Spindler

Hi Steve,

I appreciate your reply. To get the spouse, guess I need the X5 sooner than later. : )

Best wishes in your pursuits.

Hello,

Tried a search, please forgive me if this has come up before.

Running the numbers for my 10 year plan... At a rate of 20% down on each ($50k or less MF properties), reinvesting every cash flow dollar earned, 4 years of hard saving to accelerate the start-up phase, I could achieve 245 MF properties. Surprisingly very doable mathematically speaking. Except...

Then it dawned on me... I have come across mentions of lender limits on the number of properties you can carry. Using conventional 30 yr fixed mortgages.

Is there a hard number limit? Can you max out one lender, go to another and build again? Or is this why investors eventually move into commercial (apts) as in Brandon's examples? Is there anyway around this, short of paying out 100%?

Thank you in advance for your time and sharing.

Sincerely,

Michael Spindler (KCMO)

Hi Brandon,

Thank you very much for the reading. This is exactly where I was looking to get started.

Have a great day. : )

Hello,

Thank you for being here. Full of questions, motivation, and energy.

I am in the Greater Kansas City Metro area on the MO side, specifically North of the River, for you locals out there.

My interests are mostly in residential multifamily (2-4 units) and eventually getting into apartment complexes. The only limits are the ones we impose upon ourselves. I am sure someone important has said something along those lines. :)

I have recently joined the KCIG (Kansas City Investment Group), but while I wait for the next monthly meeting, I figured I should find a "home" for education, online.

Again, thank you to everyone for building such a wonderful community here. I look forward to being able to contribute in some way.

Thank you.

Michael Spindler