non QM loans

How to Buy More than Ten Homes and Get Financing for Them

Why the Limit of 10 Fannie Mae Loans Does Not Matter          
Everyone who is familiar with me and the work I do knows that I have personally bought hundreds of homes by way of investments for myself. However, there is one question I get a lot from my clients and those who attend our real estate seminars. Can we get more than ten loans? If so, how? These questions are of course related to the Qualified Mortgages or Fannie Mae loans as we colloquially call them.

Buy more, I tell them.

I always advise our clients to buy more homes – 5, 10, 50 or 100 – as many as they possibly can. Because the more homes they buy, the greater passive income they generate and the more their wealth grows. I give the example of myself as someone who bought many, many homes as part of my own investment portfolio. So how did you manage to buy so many homes when one individual can get only 10 loans,” they ask me.
Now there is no doubt that the 30-year fixed rate loan is a gift that no one can or should refuse to take. However, the ceiling of just 10 loans for each individual – which includes the homes one stays in, by the way – is a bit of a dampener, isn’t it? You could say that it is. So what are your options?

How to get more than ten loans.

The first thing to remember is that it is ten loans per individual, so married couples can get up to 20 loans between them. If both spouses are earning, they are seen as a bankable risk and financial institutions can advance up to 20 loans. So that right there is one family’s increased capacity to create future wealth for itself.
And then there are the non-QM loans or the non-qualified mortgage loans. Sure, the terms of those loans may not be as favorable as the Fannie Mae loans but these are good loans to take. It is, in fact, possible to get these loans that are repayable over a 30-year period and at a fixed rate! The rate may be a little higher but this is still a great option! Watch this episode to know why I think the ten loan limit is irrelevant, and creating retirement riches is within everyone’s reach.