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how many mortgages can a person have.

I have 4 properties and plan to purchase another one. I was told tha i can not have more than 4 martgage. Is it right? Help me out. Thanks.
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January 19 2010 - US
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You will need 6 months PITI for all properties in reserve for #'s 5-10.
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January 19 2010
Wells Fargo sucks
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January 19 2010
There are several lenders that allow up to 10 one to four unit financed properties. .... Talk with others in your area. ... Best wishes, Rudi
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January 19 2010
Fannie Mae will allow you to finance up to 10 (purchase or rate/term only if greater than 4).  The guidelines are very strict for property #5-10.

If you have strong cash reserves and 720 FICO you should be able to purchase additional property.
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January 19 2010
 
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