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Updated over 16 years ago on . Most recent reply

Lynn Payne's profile image
Lynn Payne's profile image
Lynn Payne
  • Real Estate Investor
  • from Provo, Utah
  • Member since Sep 3, 2008
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Lynn Payne's profile image
Lynn Payne's profile image
Lynn Payne
  • Real Estate Investor
  • from Provo, Utah
  • Member since Sep 3, 2008
Connect
Lynn Payne
  • Real Estate Investor
  • Provo, UT
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57
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Starting Out

Problems getting loans on more than 5 properties?

Lynn Payne
  • Real Estate Investor
  • Provo, UT
Posted

I have heard that, as of August 15, Fannie Mae and Freddy Mac have limited an individual to 5 mortgaged properties. I already have more than that many and am becoming liquid again and ready to buy in this down market. Has anyone found a way to deal with this? If I don't figure this out, my business model of buy and rent back preforeclosures is shot. Any ideas?

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