Hey Gang,
As most of you know -- this year in an effort to protect us from ourselves, the "Gubment" -- put into place a rule through Fanny & Freddy that you can only own 4 properties at one time.
Now, I know that one way around this rule is to use portfolio lending, which is privately held by a local bank (But also usually costs more to borrow and a higher rate and down payment) -- and won't be impacted by Fanny & Freddy since they aren't insuring the loans... I've also heard that for Married Couples, you can carry 4 properties in each of your names...
Does anybody else have any other creative ways around this rule? Do you know if there is an "exception" process to get Fanny & Freddy to allow you to have more than 4?
Cheers,
- Hakrjak
As most of you know -- this year in an effort to protect us from ourselves, the "Gubment" -- put into place a rule through Fanny & Freddy that you can only own 4 properties at one time.
Now, I know that one way around this rule is to use portfolio lending, which is privately held by a local bank (But also usually costs more to borrow and a higher rate and down payment) -- and won't be impacted by Fanny & Freddy since they aren't insuring the loans... I've also heard that for Married Couples, you can carry 4 properties in each of your names...
Does anybody else have any other creative ways around this rule? Do you know if there is an "exception" process to get Fanny & Freddy to allow you to have more than 4?
Cheers,
- Hakrjak
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