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Buying & Selling Real Estate

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Hal Cranmer
  • Real Estate Investor
  • Lakeville, MN
17
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153
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Bank Loans for People with >4 Properties

Hal Cranmer
  • Real Estate Investor
  • Lakeville, MN
Posted Dec 10 2009, 23:08

I have just received an offer on one of my duplexes (I own 5) and hopefully will sell it soon. I would like to 1031 the profits into another duplex, but with the 5 properties I would already own after the sale (I have a SFH too) most banks will not lend to me. I have excellent credit and can afford to put 20% down. I had a bank that would lend for up to 10 properties, but I just got an email saying they went belly up. Does anyone out there know of banks that will lend on up to 10 properties - or at least more than 4? Thanks in advance.

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