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All Forum Posts by: Steve Foley

Steve Foley has started 1 posts and replied 2 times.

Buying & Selling Real Estate

Post: Fannie Mae Mortgage Restrictions

Steve FoleyPosted
  • Investor
  • Antioch, IL
  • Posts 2
  • Votes 0

Thanks everyone. For my situation, I think that the portfolio loan may be the best option. I also agree about the LLC, not protecting you 100%. My attorney said the exact same thing so I reevaluated my insurance coverage and increased my protection.

0 Votes
Buying & Selling Real Estate

Post: Fannie Mae Mortgage Restrictions

Steve FoleyPosted
  • Investor
  • Antioch, IL
  • Posts 2
  • Votes 0

How do you get around the Fannie Mae 10 mortgage limit for rental properties? Long story short, I do not want to pay off a mortgage before I buy another. If the only answer is to create a LLC, how do you get the lenders to let you finance through your new LLC?

0 Votes