All Forum Posts by: Melissa Andress
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Post: Looking for lending advice for SFH
Melissa AndressPosted
- Rental Property Investor
- Valparaiso, IN
- Posts 1
- Votes 0
We own 6 investment properties (vacation rentals) and looking to buy a 7th investment property. Lender is saying we're unable to purchase an additional investment property because our credit scores aren't over 720 (Fannie and Freddie guidelines after 6 properties..). 3 of our properties are financed with private equity/promissory note- do promissory notes count towards the limit?
Any advice on lending would be appreciated! I have a proven and lucrative business plan- just need help expanding it!