How many investment properties can you own individually in Arizona?
Do you have any idea How many investment properties can you own individually in Arizona?
I heard some states have limitation of possession
Investment best answer:
Answer by loanmasterone
States do not limit the number of investor or rental properties you may own.
Mortgage lenders limit the number you might own to around 4 if you would plan to obtain a mortgage loan for the investment properties. There are a few that might approve a loan for more than 4 rentals. The interest rate would be higher and the qualification would be more stringent.
You might get around this by forming a corporation with your properties listed. At this point they are assets or liabilities to the corporation depending on the debt owed and or income earned. You would be making a corporate loan as oppose to borrowing as an individual to purchase rental or investment properties.
You would have to have a good working relationship with your bank, and have assets you are able to prove to your bank.
I hope this has been of some benefit to you, good luck.
"FIGHT ON"
Investment
2013-05-16 Russell Investments Center
Image by tiff_seattle
2013-05-16 Russell Investments Center
Orignal From: How many investment properties can you own individually in Arizona? and 2013-05-16 Russell Investments Center
No comments:
Post a Comment