Burden of proof is on the insurance carrier at that point if they want to deny coverage.

Most banks will deny this.To Get around this you probably need to refinance your current house to conventional loan with 20-25 percent equity and then go do fha again on new house

From my conversation with bankers, someone who is looking to get an equity line on their home from a bank with no credit will almost always be denied or will have a ridiculously high interest rate.

At that point I can just deny the application, right?

Not only you may have a catastrophic lawsuit exceeding your policy limit, but worse, your umbrella may denied coverage (have you read all the fine print exclusions?).

There is no denying that the average wholesaler is paying 10K or more for A's and B's than they were in 2010 but there is plenty of inventory here that makes sense.

Steven Hamilton II, I definitely agree with you on keeping it simple, but also have been threatened/denied insurance claims before.

No comps, nothing to compare your house to, refi denied until there are some.

The thing I believe we are disagreeing on is whether you will be denied a loan due to the maximum # of properties limitation by saying that you are a personal guarantor on property loans (more than the max allowed) held within an LLC that you own or partially own.

love it leave it or deny it, its reality.