Fannie Mae Conventional Loans

[Francisco Alzuru]

I need help overcoming the limitations of conventional loans.  I have seven Fannie Mae mortgages, so my ability to fund tree and four plexes is limited.  Portfolio lenders appear to be non-interested or provide horrible conditions.  Private money is expensive and can kill deals.  Any way to access conventional lending without limitations?.  Thanks. Francisco

[Chris Mason]

Originally posted by @Francisco Alzuru:

 Thanks for your response. That is exactly the problem. Even if I do three 4 Plexes, all I can do is add 12 units. I need to add many more.....

What a lot of people in your position do, to stretch/maximize the use of gov't subsidized money, is 1031 some of their early "bad" property purchases up... that condo with the HOA dues going up faster than rent, the "meh" SFR you have which you wouldn't have purchased under your 2018 deal underwriting criteria, the duplex in a neighborhood that always attracts bad tenants that you're sick of, etc.

But, yup, eventually you either move to portfolio loans, commercial loans, or go up into the commercial real estate space entirely.