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Updated about 4 years ago,
How to get more than 10 financed SFR properties
Currently my wife and I live live in Indiana and have a 8 single family homes financed on 30 year fixed conventional loans. 7 of the 8 are investment properties and I would like to keep adding 2 or 3 a year but I was just notified by my lender that I would not be able to finance any more than 10 homes. I love single family rentals as they have worked out well for us. The only way I know to go over 10 is to jump up to a 5 unit or more multi family building where I can have a commercial loan vs. residential. Anyone out there ever ran into this road block? Any advise would be greatly appriciated.