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Updated about 7 years ago,
# Of Financed Properties Limit
Hey BP,
I was just told by a financier that I may not be permitted to buy some properties I have under contract because there is a limit of 5 financed properties. I had never heard of this law or regulation. I believe there is a Fannie/Freddie financing limit, but none of my properties fall under that category. All are traditional financing.
I also believe that FNMA limit is 10 financed properties. Could anyone lend me some insight as to what this banker may be referencing?
Thanks so much for your help