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Updated almost 9 years ago,
- Rental Property Investor
- Honolulu, HAWAII (HI)
- 2,626
- Votes |
- 4,248
- Posts
10 Homes Now What?
You taking a break from sipping Pina Coladas on the beach,
I am maxed out with the amount of Fannie Mae properties at 10 SFH loans. Now instead of the sweet 5% 30 year loans I have to cold call a bunch of credit unions to find 80 LTV 25 year amortization 5 arm for 5.25%. Its not bad but it has made me rethink my investing strategy and consider 1) apartment buildings or 2) making my own syndicate/fund or 3) keep buying more SFH with these terms.
I have been give a lot of offers for older RE investors to cash out to someone like myself so I would like to package these portfolios to other investors as a stabilized fund and offer 5-7% preferred rate paid out and retain the rest of the Cashflow as my profit. Was wondering if you would be willing to chat or give me guidance.