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Personal Finances / Buying or Selling a Home


Subject:  Re: Consolidating Mortgages Date:  12/11/2012  11:51 AM
Author:  Dwdonhoff Number:  124464 of 128887

Hi borad,

One property is especially sticky.
Why? What are the hurdles you're bumping into in getting this one refinanced?

I also cannot purchase any more rental properties as I have reached my limit and some banks will not let me refinance becuase I have exceeded my limit on rental properties. If I want to purchase more rental properties, then I need to do something with the 4 that I have and the 1 that my wife has.
You don't specify what your "limit" is, specifically.... is it that you don't qualify due to sufficient total income?

The limit on financed properties (through FNMA/FreddieMac) is 10, including your personal residence, so you're not constrained there.

How else can we help?
Dave Donhoff
Leverage Planner
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