All Forum Posts by: Joshua Morgan

I was told that the purchase price was below their threshold. One property is priced at 64k and the other is at 79k. They also said the location of the property did not line up with Fannie standards. 

I'm looking at buying my first rental property and need advice. I have the cash for a down payment and have been told the properties that I'm looking at do not meet Fannie's criteria. They both are in decent shape and cash flow well. One is a fourplex and the other is a duplex with a single family home on the same lot.

What are my options and what would you do if you were in my shoes? If you can break it down "Barney-Style" I would be appreciative!