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Updated over 4 years ago on . Most recent reply

Sheilla Vidal's profile image
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Sheilla Vidal
  • Member since Jun 14, 2020
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Sheilla Vidal's profile image
Sheilla Vidal's profile image
Sheilla Vidal
  • Member since Jun 14, 2020
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Sheilla Vidal
3
Votes |
7
Posts
Buying & Selling Real Estate

How many conventional loans can I get on REI deals?

Sheilla Vidal
Posted

Working on my first REI, a 4 plex. I'm using conventional loan. Im wondering if it's possible to get approved on a second, third, etc investment property, using conventional loan? Is there a limit?

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Bob Okenwa's profile image
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Bob Okenwa
  • Real Estate Agent/Investor
  • from Peoria, Arizona
  • Member since Dec 10, 2016
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Bob Okenwa's profile image
Bob Okenwa's profile image
Bob Okenwa
  • Real Estate Agent/Investor
  • from Peoria, Arizona
  • Member since Dec 10, 2016
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Bob Okenwa
  • Real Estate Agent/Investor
  • Peoria, AZ
2,461
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2,512
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Bob Okenwa
  • Real Estate Agent/Investor
  • Peoria, AZ
Replied

The Fannie Mae limit for loans in your name via the Desktop Underwriter is 10, and the limit is 6 for manually underwritten loans. 

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