Comments on: No limit on your investment property portfolio!!! http://danvillemortgageblog.com/2008/09/11/no-limit-on-your-investment-property-portfolio/ “Home Ownership, Done Right!” Wed, 03 Jun 2009 04:38:37 +0000 http://wordpress.org/?v=2.9.1 hourly 1 By: Mike Miller http://danvillemortgageblog.com/2008/09/11/no-limit-on-your-investment-property-portfolio/comment-page-1/#comment-747 Mike Miller Tue, 13 Jan 2009 04:50:13 +0000 http://danvillemortgageblog.com/?p=58#comment-747 Hal, you will be limited if you seek out loans that are originated by bankers who sell only into the secondary market. Find a small regional bank with whom you can have a real relationship. They should be happy to work with you especially if you can bring your business banking to them as part of the package. Private lenders are also a good resource and could be worth the increased cost (just consider the higher cost a "cost of doing business"), and look at the big picture. Lastly, ask a small bank to wrap multiple properties with one commercial loan. Find the properties with the least risk for the bank. Doing so will remove those loans from your personal credit profile and will allow the FNMA lenders to make several more loans to you. Good luck! Hal, you will be limited if you seek out loans that are originated by bankers who sell only into the secondary market. Find a small regional bank with whom you can have a real relationship. They should be happy to work with you especially if you can bring your business banking to them as part of the package. Private lenders are also a good resource and could be worth the increased cost (just consider the higher cost a “cost of doing business”), and look at the big picture. Lastly, ask a small bank to wrap multiple properties with one commercial loan. Find the properties with the least risk for the bank. Doing so will remove those loans from your personal credit profile and will allow the FNMA lenders to make several more loans to you. Good luck!

]]> By: Hal Jones http://danvillemortgageblog.com/2008/09/11/no-limit-on-your-investment-property-portfolio/comment-page-1/#comment-746 Hal Jones Sun, 11 Jan 2009 20:31:05 +0000 http://danvillemortgageblog.com/?p=58#comment-746 I am a real estate investor in Atlanta. Have bought 45 properties in 6 years. Most sold but some kept as rentals. Have had up to 14 rental properties, but now have only about 6. Would like to build rentals again, but the Fannie Mae limit of 4 is interfering. Any options available for overcoming the ownership limits in the Atlanta market? I heard they don't count properties owned in corporations, even if you are sole owner. Hal I am a real estate investor in Atlanta. Have bought 45 properties in 6 years. Most sold but some kept as rentals. Have had up to 14 rental properties, but now have only about 6. Would like to build rentals again, but the Fannie Mae limit of 4 is interfering. Any options available for overcoming the ownership limits in the Atlanta market? I heard they don’t count properties owned in corporations, even if you are sole owner.

Hal

]]> By: No limit on your investment property portfolio!!! : thegameoflove http://danvillemortgageblog.com/2008/09/11/no-limit-on-your-investment-property-portfolio/comment-page-1/#comment-329 No limit on your investment property portfolio!!! : thegameoflove Fri, 12 Sep 2008 03:00:51 +0000 http://danvillemortgageblog.com/?p=58#comment-329 [...] Original unknown [...] [...] Original unknown [...]

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