Capped out at 4 investment loans

[Cade Andrew Howe]

Hey everybody,

My question is how do you secure financing after your fourth conforming loan with a bank? I understand most people go to portfolio lenders to acquire more units but they typically come with ballon payments which you need to pay off the full balance between 5-10 years.

[Ryan J. Shope]

@Cade Andrew Howe

You may be capped at four due to your debt to income ratio as well. Have you made sure to show your current lender that you have additional rental income that's being used to pay off the loans?  Also, if you're leveraged in other ways, i.e. student loans/car payments, that may be impacting you as well. My suggestion would be that you talk with you lender (if you've used the same one for all four) and explain your business/situation. If they still refuse to give you additional loans, then I would start shopping around for a new conventional lender. Hope this helps!

Ryan