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Updated over 7 years ago on . Most recent reply

User Stats

88
Posts
36
Votes
Mike Day
  • Investor
  • Indianapolis, IN
36
Votes |
88
Posts

How did you get financing after your 4th property?

Mike Day
  • Investor
  • Indianapolis, IN
Posted

Hi all. So I currently am holding a single rental property and am planning on financing 2-3 more in the near future. This means I will hit the limit of 4, after which most banks will not issue more loans (even though Fannie Mae allows up to 10). I wanted to survey the community to find out what other investors have done for property number 5 and up. Right now the most likely path appears to be finding a local portfolio lender to do the loans, or refinancing several properties together into a commercial loan to reduce the number of loans down below 4 and getting another conventional loan. How have other people dealt with this? Does anybody know of a national lender that will do 5-10 properties? Thanks!

Most Popular Reply

User Stats

4,248
Posts
2,626
Votes
Lane Kawaoka
  • Rental Property Investor
  • Honolulu, HAWAII (HI)
2,626
Votes |
4,248
Posts
Lane Kawaoka
  • Rental Property Investor
  • Honolulu, HAWAII (HI)
Replied

Mike Day you need a new lender bro. You can get 10 in your name. Fannie or Freddie.

  • Lane Kawaoka
  • Loading replies...