Loan Help PLEEAASSEEE

[Jared Stasch]

I have an investor who owns apartments, 4plexes, and has other investment accounts in a Trust and is trying to get a loan on some fourplexes through Fannie Mae. He wants Fannie Mae since the cash flow is not there now and it would not appraise through commercial loans but will appraise on comps.  He only has 7 mortgages and cash flows about $500,000 a year.  Problem is that every time he tries to get a Fannie Mae loan, it seems the lenders can't figure out his financials even though we package it and give them everything they need in order to make a decision. He can get a Commercial loan any day of the week and even the commercial lender at the same bank is dumbfounded about my client not being able to get a loan. 

We have heard that an LLC might be better for buying properties like fourplexes but can't understand why. If the LLC has to have a guarantor then the bank will go through the financials again and we are back to square one. So the question is for those who buy a ton of single family up to four units, how do you get loans? What is the best way for someone who has a lot of assets?