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Updated almost 7 years ago on . Most recent reply

Elvin Reyes's profile image
Elvin Reyes's profile image
Elvin Reyes
  • Rental Property Investor
  • from Central New Jersey
  • Member since Mar 6, 2016
  • Posts 6
  • Votes 0
  • Experience 12 Yrs
  • Investments 5
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Elvin Reyes's profile image
Elvin Reyes's profile image
Elvin Reyes
  • Rental Property Investor
  • from Central New Jersey
  • Member since Mar 6, 2016
  • Posts 6
  • Votes 0
  • Experience 12 Yrs
  • Investments 5
Connect
Elvin Reyes
  • Rental Property Investor
  • Central New Jersey
0
Votes |
6
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Private Lending & Conventional Mortgage Advice

Need a 5th mortgage

Elvin Reyes
  • Rental Property Investor
  • Central New Jersey
Posted
How do I continue BRRRR if bank will not give me a 5th mortgage? I do own a property I purchased cash, but I’m not sure if I should flip it or find a lender who will give me a 5th mortgage.
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Jason D.'s profile image
Jason D.'s profile image
Jason D.
  • Rental Property Investor
  • from St. Petersburg, Fl
  • Member since May 8, 2017
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Jason D.'s profile image
Jason D.'s profile image
Jason D.
  • Rental Property Investor
  • from St. Petersburg, Fl
  • Member since May 8, 2017
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Jason D.
  • Rental Property Investor
  • St. Petersburg, Fl
4,385
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Jason D.
  • Rental Property Investor
  • St. Petersburg, Fl
Replied
Find another lender. Fannie allows a maximum of 10 per borrower. Or you could move into portfolio/commercial loans. There is no limit there.
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