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I'm 24 years old and have started investing in real estate and am currently in the process of closing on 2 homes. I would like to eventually one day retire and live off of the residual income these properties will generate. Naturally, in order to survive, both my wife and I would require more than just two properties.
When I first started into this back in January, I spoke with my loan officer and he said that Fannie Mae and Freddie Mac would allow someone no more than 4 loans, including their primary residence. I've read various real estate articles that state that someone could have up to 10. If this is true that is great news, but how or where would I go to see if this is still the case?
Please give me your thoughts.
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