Have you ever felt stuck with a good number of properties in your portfolio, but the banks just won't lend you more? Discover the world of blanket loans, a powerful tool for real estate investors who have built up substantial portfolios. We unpack the intricate details of how blanket loans work, and how they can help you free up your ability to buy more properties in your personal name. We delve deeply into the higher requirements for loan to value, and explore the potential to refinance and reposition the equity you have in your properties.
Yet, it's not all rosy. We also share a firsthand experience of buying a property from someone who had a blanket loan, and the challenges faced during the separation process. Important considerations and potential pitfalls are also addressed, emphasizing the need for careful planning, particularly if you intend to sell one or two of the properties in that loan. Listen as we weigh the pros and cons of blanket loans, giving you valuable insights and food for thought. Make sure to subscribe to our podcast for more daily investing tips and real estate secrets. We look forward to seeing you tomorrow!
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