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How can one invest in real estate with a limit of 4 mortgages?

My husband and I started investing in rental properties about 2 and a half years ago.  We have 6 mortgages currently.  We are still interested in obtaining at least one more property.  However, our lender says we do not qualify for a loan as the limit is 4 mortgages.
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August 14 2009 - Villages of Westcreek
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Talk to a commercial lender.  Every retail bank in your area will have a commercial lennding department.  And some brokers offer commerical loans as well.  I think you might even find the process of obtaining a mortgage loan for a rental property, even a single family home, simpler than the process through a residential lender.  Less paperwork for sure!
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August 15 2009
Contact a different lender. Some lender allow up to 10 properties but only 4 financed properties with them.
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August 14 2009
Here is a good link for you to read and print out.  Rudi is correct it takes sometime for lenders to implement changes into there system.  As this is very recent for fannie/freddie to implement guidelines for borrowers having 5-10 mortgages in their name.  Hope this helps!

http://www.mortgagenewsdaily.com/wiki/How_Many_Mortgage_Loans.asp
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August 14 2009
I just reconfirmed a few lender's quidelines and yes, there are lenders that currently would allow you to have up to 10 financed properties. My advice would be to contact a mortgage broker in your area who has access to numerous lenders.
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August 14 2009
The limit per GSE guidelines is now limited to 10 finance properties. Currently, no lender to my knowledge has implemented the new guidelines. .... You'll probably have to wait a month or two. The other alternative is to pay cash.... Best wishes, Rudi
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August 14 2009
Find another lender! Not all lenders limit you to four financed properties.
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August 14 2009
 
Related Questions
How can one invest in real estate with a limit of 4 mortgages?
Profile picture for Jon Hawk
Latest answer by Jon Hawk
August 15 2009 | 6 answers
  • Asked by jimeglo
  • In Lenders
  • August 14 2009
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