Lenders base fixed rate conventional (15 and 30 year) mortgages off the 10-year treasury.

Generally speaking there are 2 main types of loans for investors: “Conventional” and “Portfolio”Conventional - I'll define these as loans that come from Fannie Mae and Freddie Mac (if you recognize those names).

Up to 4 units is considered fine for conventional financing.

The issue that I am running into is that conventional loans require around 20% down and we will not qualify for a FHA loan that has a reduced down payment.

There are so many different ways to finance deals than conventional loans. 

It’s currently a FHA, so if I refi to a conventional I was told it would be higher interest due to non owner occupied.

I prefer cash on cash return in double digits around 15%.

We sold the property immediately to a conventional buyer after been only 3 days on market.

If you go private for all 10, you'll clear 10 spaces for conventional.

Also I found out that if you put a property on it you can refinance it with conventional mortgage - the land with house- but you have to really make sure it appraises the way it needs to.