RealEstateInvestingStrategiesForMarried CouplesWillKnockYourSocksOff.
“Manymarriedcouplesaskme aboutrealestateinvestment strategieseveryday,“howmany rentalpropertiestoretire,ifIamthis ageorifIhavethisincomeand wantthiskindoflifestyle? Howmanyrentalpropertiestomake 100kisaverycommonquestionfor couples.AndIlovegivingthe answerbecauseitempowers people.”explainsAdielGorel,owner ofInternationalCapitalGroup
Asinglepersonisonlyallowedtohaveup to10FNMAloansatonetime.Ifyouare amarriedcouple,andeachofyoucan qualifyseparately,thenFannieMae enableseachspousetotakethehomes inbothyournamesbutputonlyoneof yournamesontheloan. Thisismassive.
Ifbothofyournamesareonthe loan,youonlyget10FNMA loans.Butyoumayeachqualify separatelyjustonyourown creditandfinancialstanding. Youcanget10loansonly underyourname,andupto 10loansinyourspouse’s name.
Ifyouputbothofyour namesontheloan,it'sonly 10forthehousehold. Ihavehundredsof investorswhohave reachedtheFNMAloan limitof20.
Tenloansmayseemlikealarge number!Butwhenwebuyin affordablemarkets—whenyoucan buybeautifulbrandnewhomesfor $275,000,ormaybeevenless—10 loanscanbereachedfairlyquickly. Webuyhomesforapriceof maybe$275,000,and20of thosewouldamounttoonly onenicehomeinPaloAlto, Manhattan,orSanFrancisco.
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