I own a couple of fourplexes in Los Angeles. I want to purchase more (another this year while prices are slashed, maybe one more next year), but I know it affects my credit to have a lot of mortgages under my name. But I’m sure the banks who hold the mortgages won’t be ok with me just transferring them out of my name (and off of my credit report), especially now. How do small RE investors handle this problem? How do they get the mortgage liability off of their personal credit?

Even if you do a LLC the credit is still yours.

I have 30 properties, and over 20 mortgages, they will not care. (accept WF who only lets you have 10 with them)

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I want to shop for mortgages for a new house without them needing to run my credit every time since having my credit run negatively impacts my credit (why is that anyway?).

How should I go about shopping for mortgages to get the best rates, lowest fees and best overeall package?

Your best bet is to go to a mortgage broker then. He can pull one credit report and find the best lender for your situation. Just be careful so you don’t get ripped off on fees.

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