I would engage with a lender to see what your situation looks like and if you're in the right path.

Sent you a DM.

I just bought my sixth property and State Farm is telling me they have a limit of covering a maximum of six units for an individual.

It’s got strong rental demand and a big community of investors, which makes it easier to find deals and support.If flips are your goal down the road, consider a house hack that’s a light fixer-upper.

Purchase price: $50,000 Cash invested: $50,000 My first investment was a three unit deal for $50,000 cash.

Purchase price: $285,000 Cash invested: $33,500 In May 2024, I purchased a duplex in College Station as a house hack.

Quote from @Brett Michael: Investment property about 6.5% for a 30yr mortgage. 20% Downpayment.Mortgage would be $1600.

Hi I am looking for HELOC on a primary SFH...speaking with some lenders I've run into two issues....(1) some won't give you credit for rental income if you haven't owned the property for two years (show two years of stable rental income) which can skew your DTI unfavorably (2) one lender said they don't give a HELOC if a borrower is carrying more than 6 mortgages.Would anyone have any leads for a potential lender?

I will then use my current home I am moving out of as a rental property. 

It would be with a mortgage rather than outright cash.