Fannie Mae - multiple financed properties

[Kevin White]

I have 8 financed properties and fall within that difficult band of 7-10 financed properties with Fannie Mae that require 6% reserves of the unpaid principle balance.  The reserve requirement has become prohibitive of buying more properties.  My lender needs 20% down plus an ADDITIONAL $40,000 in cash reserves to close (I could almost pay cash for a property).  Question:  If I refinance all my properties (single family rentals) with a commercial lender (non-secondary market) does this re-set the reserve requirements for future purchases?