I've called two dozen local and traditional banks between NYC and Southern tier of NY/Northern Tier of NJ and the most common reasons for not being able to fund are.1) They are a portfolio lender but have a 6 month seasoning requirement just in case they need to sell their loans to Fannie or Freddie2) Do not loan on investment property only primary residence.I've inquired about a line of credit on multiple properties together and they've given me the same reasons, i.e., seasoning requirement and only primary.My Fico is 790 so it is very difficult for me to swallow the fact that i cannot use conventional lending. 

As I don't have a ton of money (or credit) to get started with traditional accumulation of properties so I can rent and landlord (which is what I'd like to eventually do) I've began to entertain the idea of wholesaling, as I imagine many people who are in my position arrive to.

What does refinancing look like when I go to the bank and try to get a traditional 30 year mortgage?

Property #4 Traditional financing with the Power of networking – As soon as we freed up some cash, we put the word out that we were looking and David came through with a block of four buildings about to go on the market.

If you're in the business long enough, whether a traditional or wholesale you'll eventually run into a situation where a seller may "feel" taken advantage of when arriving at the closing table.  

My team includes experienced contractors and knowledgeable service providers, quality traditional and hard/private money lenders able to finance up to 100% of ARV, 90% of LTV and more, sources for individual and business lines of credit, stated income and blanket loans, even shelf corporations and am knowledgeable with the use of land trusts, land contracts, lease options and similar strategies to acquire property.

Was just approved for a traditional loan at 4.2% on a nice foreclosure.

I live in a traditional Chicago 3-flat.

From a traditional banks?

You will need cash to buy and fix, your chances of traditional financing are slim unless you take out a loan from Aus.Have you figured out how many rentals you need to be able to retire by 30?