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Updated over 7 years ago on . Most recent reply

User Stats

22
Posts
6
Votes
Brian Irk
  • Investor
  • Fishers, IN
6
Votes |
22
Posts

# Of Financed Properties Limit

Brian Irk
  • Investor
  • Fishers, IN
Posted

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

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