Not allowed to own more than 5 investment properties?

[glclark]

Hi,

I just heard about a new regulation saying that investors could not own more than 5 investment properties. I would like to see this regulation.
Can anyone tell me what it is called? Also if you could give me a direct link to it please?

Thank you,
Gabriel

 

[presutin]

I am not familiar about any legislation saying anything like that. That sounds more like an issue tied to a particular subdivision and the bylaws of its Homeowners Association where they can limit the amount of investment properties.

 

[glclark]

My real estate agent told me about this regulation. I have looked and can't find anything on it though. I am starting to wonder if it even exists.
Thank you for your help!

 

[Gail_in_Georgia]

Lots of real estate investors have more than 5 properties.

Perhaps your real estate agent was discussing banks lending funds to folks who have more than a certain number of properties. Lending institutions have tightened up considerably in such matters in the last year or so.

Gail