How to finance SFH purchases beyond 3/4 units

[Chris Brown]

I am having difficulty financing SFH home purchases beyond 3/4 units due to real/perceived Fannie/Freddie constraints. How can I finance at a reasonable rate more unit purchases? Use regional banks? What if its a cash out loan as the SFH might be purchased at auction with100% cash?

[David Beard]

Citimortgage will loan on your 5th through 10th property (spoke to them on 10/26/10 of this year, I assume nothing has changed):
* 30 year fixed
* Must have 6 mths cash reserves on all properties (Fannie standard), not just subject property
* LTV to 75%
* Only 1 and 2-unit properties, no 3's or 4's on the 5th thru 10th loan
* Lender fees $665 (this is very competitive)
* He stated up front will be lengthy underwriting, having to verify operating results on 5+ properties
* Will loan down to $10K, believe it or not.

Flagstar -> also goes to 10 loans including home (also no 3 or 4-unit after 4th property)