Fannie and Freddie-Investment Refi

[Cassandra Barr]

This past year I started investing in rental properties. I currently have 2 BRRRR (1 is a triplex and 1 is a single family) I am working on in Northern California and 2 flips houses in Northern New York. My business plan is to buy rentals and BRRRR them. However, my lender just informed me that it will be much harder and more expensive to refi now due to Freddie and Fannie's new rule as of April 1st. I am just wondering what everyone else out there plans to do? Anyone know of lenders that are creating their own financing for investors that will be left out by these new rules? I know a lot of you out there either have hard money loans or Seller finance that will need to be refinanced within the next few years. If I can not find conventional financing my only option may be to sell while the market is high and just invest in fix and flips for awhile. Any thoughts or suggestions are welcome. Thank you.