Some banks still finance up to 10 properties

The Fannie Mae requires more reserves now, usually 6 months of PITI of those rentals.

Here are the guidelines:

1)When the borrower will own one to four financed properties (including the subject property) the reserve requirements are:
61485;
two months of reserves on the subject property if it is a second home,
61485;
six months of reserves on the subject property if it is an investment property, and
61485;
two months of reserves on each other financed second home or investment property.




2)When the borrower will own five to ten financed properties (including the subject property) the reserve requirements are:

61485; two months of reserves on the subject property if it is a second home,
61485; six months of reserves on the subject property if it is an investment property, and
61485; six months of reserves on each other financed second home or investment property.