Bank says i have too many mortgages

[ROBERT Richards]

I was writing to ask your advice. I sold one home this year and i am trying to releive some of that tax burden by buying a 4 plex with less than 90 days to go. I am being told i have too many mortgages, 12. I have a great FICO score and plenty of reserves. Where can i go to get a mortgage. Any ideas would be great. I can't be the only one with this kind of problem. I was thinking i should find a FISBO or go commercial. What would you do.

[Harjeet Bhatti]

According to Fannie Mae guidelines you can purchase 10 finance properties under conventional loan.