Not only that but you each can qualify for a max of 10 conventional loans under your name.

This is through a conventional, no PMI loan.Investing in Commercial Real Estate:Commercial properties include office buildings, retail spaces, warehouses, and more.

This means you would need to refinance the current house into a conventional loan before you can get another FHA loan.

Hey BiggerPockets family,I was just approved for an owner occupant, Fannie Mae, 5% down with a purchase price of $1.3 million for a 4plex in the Phoenix Metro of ArizonaMy middle FICO credit score is 759My current DTI debt to income ratio is 30%I have enough down payment, closing costs for the subject property, and enough liquid reserves for all 10 of my apartment buildings totaling 45 units in PHX Metro AZ my mortgage lender quoted me with a rate at 8.125% with me paying 0.156 points totaling $1,920My question is,does this 8.125% interest rate sound reasonable for an owner-occupied fourplex 5% down Fannie Mae conventional loan as of March 27th, 2024, at 1700 hours?

Dallas is a rough city to get inventory. 

An alternative can be Non-QM or non-conventional financing.

You definitely have some options, if you do a more conventional second you can get very reasonable rates, maybe check in with you current bank or credit union? 

@Mark Enis I'll let the other experts chime in, but my understanding with a conventional mortgage, they don't want any part of the deal to be borrowed funds. 

@Ryan Cleary I used a 5% down conventional loan.

That market has more inventory that better aligns with your criteria.