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Old 09-14-2008, 12:42 AM
 
9 posts, read 18,835 times
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How many houses in Nevada, can you carry a mortgage on?

I have my house, and a rental house. Each with a mortgage, and with prices in my neighborhood around $75 sqft, for 3 year old, 3 bedroom houses. I'm thinking of getting a 2nd investment property.

So this would be a 3rd mortgage.
I think the market will continue to drop at LEAST through March 09, but given the spec's this will be an awesome rental.
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Old 09-14-2008, 12:59 AM
 
Location: central, between Pepe's Tacos and Roberto's
2,086 posts, read 6,826,428 times
Reputation: 958
3 properties will be totally acceptable. Most lenders have a 4/10 rule, which means no more than 4 financed properties with one particular lender, and no more than 10 total financed properties.
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