Displaying items by tag: how many mortgages can you have

Nothing quite compares to how it felt when you closed on your first rental property.

It was a brand-new experience, maybe even one you weren’t sure you’d see all the way through.

But you did and, pretty soon, that investment began paying you back as rent checks coming in every month.

If you’re like most investors, it didn’t take you long to start thinking about going through the process all over again and purchasing another rental property. After that, it probably felt inevitable that you’d soon purchase one more.

At this point, you may be seriously considering turning real estate into the source of your full-time income. You might even be just one or two properties away from replacing your current salary. Then, why not just keep adding more to your portfolio?

This is usually when investors begin asking, “How many mortgages can you have?”

The answer may surprise you.