Rental Basics in 77389>Question Details

Coco, Home Buyer in Houston, TX

how many houses am I allowed to own and use as a rental in state of texas?

Asked by Coco, Houston, TX Wed Jan 28, 2009

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6
You can own as many homes as you would like to handle in your portfolio. Your means of purchasing the properties will determine how many you can purchase. If you are paying cash you are only limited by the amount you wish to allocate toward this type of endeavor. If you wish to purchase through a lender then you would need to find one which will accommodate your needs. Jo Baxter 832-205-1226 is a lender who has a program where an investor can have up to 10 homes in their loan portfolio where most I believe have a limit of 3 to 5 homes.
0 votes Thank Flag Link Thu Apr 4, 2013
Coco,
Go for it. As many as you can handle. Cash purchaser. Loan Companies will look at your P & L .
You must tell the truth about your purchase intentions if borrowing money but otherwise this is a great time to purchase. Foreclosures and HUD owned properties are in better shape than ever because unfortunately for the folks losing them, there are people loosing their homes that normally would not be loosing them are they are better taken care of.
Margaret
0 votes Thank Flag Link Thu Jan 29, 2009
Hi Coco,

You may purchase and rent as many as you like. My Team assist Investors such as yourself. If you need additional informaion, or available homes you may reach me directly.

Best regards,

Mattye P. Smith
Realtor
mattye.smith@vrimail.com

American Realtors
0 votes Thank Flag Link Wed Jan 28, 2009
NONE, you can own as many as you can afford. Contact my office if we can assist in any search DFW area. Each home you own purchase either cash or loan annual tax benefits.

CONTACT OUR OFFICE TODAY
972-699-9111
Lynn A. Crosby ~ National Featured Realtor
"...Specializing in Residential, Commercial Properties and Loans..."
Dallas Realtor -
The Michael Group "Dallas Business Journal 08' list top realtors"
Dallas Loan Officer - Homewise Lending
Dallas Real Estate Office: (972) 699-9111
Dallas Real Estate Website: http://www.lynn911.com 60,000 listings Dallas homes for sale
0 votes Thank Flag Link Wed Jan 28, 2009
No limit. I have a client that has 131 homes...

Naima
214-289-8555
Naima@Sumner-Realty.com
Web Reference: http://www.SumnerRealty.com
0 votes Thank Flag Link Wed Jan 28, 2009
I don't think there is a magic number. As long as you can obtain financing and insurance then you should be able to have all you would like. BUT lets see what everyone else says.

I had a client that has 6 not including their personal home.
0 votes Thank Flag Link Wed Jan 28, 2009
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