I have been buying 2-3 unit properties with low down payment, living a year then turning it into a rental and getting a new one.
I have no DTI or cash reserve issues. How many properties can I reach before lenders stop giving me the owner occupied loan?
How many owner occupied loans will lenders let you have?
byu/Forward-Craft-4718 inrealestateinvesting
Posted by Forward-Craft-4718
4 Comments
Usually it’s around 10 total conventional loans before you hit the wall, but some lenders get sketchy about the whole live-in-flip strategy way before that. Had a client who got flagged at property #4 because he was moving too fast – lender started asking tons of questions about why he keeps “needing” to move
The key thing is spacing them out enough so it looks legit and keeping good records of why you moved each time. Also some lenders are just more strict about occupancy requirements than others
Fannie Mae and Freddie Mac generally limit a single borrower to 10 financed properties. This includes your primary residence and any rentals with a mortgage.
Once you hit 10, most conventional lenders will stop.
It’s 10. Another fun fact…. If you’re single, stay that way as long as you partner is willing. Married debt is mutual and will affect how much you qualify for.
Uh this whole thread feels really mortgage fraud adjacent