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Updated over 4 years ago on . Most recent reply

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25
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Michael Myers
  • Jacksonville, FL
11
Votes |
25
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Can you get more than 4 loans?

Michael Myers
  • Jacksonville, FL
Posted

The title says everything. While I feel like I know the answer is yes you can get more than four loans in some cases, I also feel like I could learn more from what you guys have to say. Also, about the specifics on how to get more than four loans.

I always wondered how investors would be able to own more than four properties if only four loans were allowed besides paying the property off completely so financing isn't needed.

Most Popular Reply

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Stephanie P.
#4 Mortgage Brokers & Lenders Contributor
  • Washington, DC Mortgage Lender/Broker
2,757
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4,876
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Stephanie P.
#4 Mortgage Brokers & Lenders Contributor
  • Washington, DC Mortgage Lender/Broker
Replied

@michael Myers

Your lender has overlays if they cap you at 4 loans.  Fannie allows up to 10 financed properties.

Stick with conventional financing for your first 10 properties, then go commercial.

  • Stephanie P.
  • Loading replies...