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Updated over 2 years ago,

User Stats

83
Posts
35
Votes
Hugh Carnaha
Pro Member
  • Rental Property Investor
  • Springfield, MO
35
Votes |
83
Posts

Diqualified after 10 properties or 10 conventional loans?

Hugh Carnaha
Pro Member
  • Rental Property Investor
  • Springfield, MO
Posted

Howdy Guys!

I though the rules (fani and freddi) are if you hold 10 properties you can no longer qualify for more. I bought 20 at one time under a commercial loan so I could meet the deadline of the sale. This was my first purchase and I have zero conventional loans(or any loans really). I had a lender tell me that I was disqualified because I had more than 10 properties, not becasue I had more than 10 conventional loans.

Was this correct?

  • Hugh Carnaha
  • Loading replies...