Need Financing Advise for 20 units under ownership
Hello! I was just denied a re fi by Quicken Loans because I own 20 properties.
To those of you who own 10+ properties w loans, what are your options? I know I can go w more 5 yr ARM SBLs, but with the rates so low I would like to lock in on 30 yr fixed products. Is this possible?
What should I expect to pay in today’s market, with good credit and 30% down?
Most Popular Reply
Fannie Mae rules don't allow you to get one of their products if you have 10 financed properties already.
As Nate pointed out the video above is a great video on how to answer this problem.
Also as stated above, you're done with single family homes. It's a diminishing return at this point, complexity goes up and efficiency goes down.