Ask Marco - How Do I Get Past the 10 Mortgage Limit to Continue Growing My Portfolio? | PREI 283

Passive Real Estate Investing

Real Estate Investing with Marco Santarelli, Investor and Entrepreneur.

Education, Business, Investing, Entrepreneurship, How To, Business:investing

4.6 • 968 Ratings

🗓️ 27 August 2020

⏱️ 9 minutes

🔗️ Recording | iTunes | RSS

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Summary

Today's question comes from Andrey and wants to know how to get past the 10 mortgage limit, what are the strategies that can be used, so he can continue growing his portfolio. Download your FREE copy of The Ultimate Guide to Passive Real Estate Investing. IF YOU LIKE THIS PODCAST we would love it if you would go to iTunes and Subscribe, Rate & Review our podcast. This will greatly help share our podcast with others wanting to learn. Thank you!

Transcript

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0:00.0	Welcome to passive real estate investing, the show where busy people like you
0:05.0	learn how to build substantial passive income while creating wealth for the long term.
0:09.0	And now here's your host, Marco Santorelli.
0:13.2	Welcome to passive real estate investing
0:15.1	and another episode of Ask Marco
0:16.8	where I answer your investing questions.
0:19.6	Today's question comes from Andrew,
0:21.3	and he says, hi Marco, thanks for doing this podcast. Can you please do an
0:26.0	episode on how to continue growing your portfolio of rentals past the 10 mortgage
0:31.0	limit for each spouse.
0:33.2	So after 20 mortgages for a couple, I guess that's to imply that we can continue investing.
0:38.3	What kind of lending should you take advantage of after 20 mortgages on the way to 100 properties if you continue acquiring turnkey properties.
0:46.0	Let's assume this scenario includes continuing to buy properties using our W-2 income
0:51.0	and also taking advantage of 1031 exchanges and cash-out refinances, if appropriate, on the way to
0:59.3	grow from 20 to 100 properties. At some point in your growth you may want to pull equity out and it
1:07.5	may involve selling a property with a mortgage on it to 1031 exchange into two properties that use a commercial loan and I'd like to hear how
1:17.0	that would play out.
1:18.6	One key assumption is I would continue to buy single family homes due to higher quality tenants and
1:25.0	higher rents on average over multifamies. Thanks, Andre. Thanks for the
1:30.3	question. So your basic question here is,
1:32.6	how do I get past the 10 mortgage limit
1:35.8	to continue growing my portfolio?
	...

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