My broker tells me cash out is limited to 70% LTV.

I have heard that, as of August 15, Fannie Mae and Freddy Mac have limited an individual to 5 mortgaged properties.

Keep your balance under 50% of the limit at all times, below 35% is even better.

I'm a beginning investor and i see the power of using private funds but i just don't know the proper and legal way of doing this.now i know about talking to people you know, other investors, and marketing to other high net worth individuals, which all of this i would consider the first step in the process.the second step i'm guessing some will say is working out the agreement/financial details with the your private lenders once they say they want to invest (which i plan on doing all this in step one, letting them know they're either going to invest as a lender or has a partner and this is what they'll get in either scenario)but my questions are:1. when do i have to worry about the SEC?

Unfortunately one month is our limit here in the Granite State.

Being in Alabama and smaller proeprty may be an issue --also many banks do not like smaller loans -- I am a Commercial Mortgage Broker and limit myself to $1.0 million up- same reason - I spend same amount of time and do not make enough on smaller loans - Please send me email -if it is still available --with info You just have to try to sell your self- through Real Estate Investors clubs and online Free ClassifiedsGood Luck

If the $329K value is accurate (only you can establish that, an apprasial, especially one you don't pay for, is of limited value), then you should apply the 70% guideline.

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It appears to me that this will cause the banks to limit the losses they are taking on short sales, so that it will be much harder to get good deals on them.

Real Prospect is limited in formatting so I typically just use Word.