Asked by Scottballet, 01824 • Thu Jul 26, 2012
I have 8 rental properties. Some garden style condos, a couple of single families, and a townhouse in Cambridge. I have 100% equity in these properties and would like to pull some money out to buy more. I've heard that lenders won't lend to me because I own too many investment properties. Is this true? I have an excellent (high 700's) credit score but I do get 90% my income from my investment properties. Can anyone suggest a lender that would work with me? What would be a conservative guess on a rate I might get?
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