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Updated almost 8 years ago on . Most recent reply
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Portfolio Lender Needed... High end rental Properties...
I am looking for a Portfolio lender for my rental properties.
I am a remodeling contractor and have been doing flips for a while as well.
I don't like selling my flips.
I like to flip them to myself as rentals...
I buy great little fixers with hard money, do a high quality rehab with Granite, tile, hardwoods, etc...
Then I try to refinance and keep as rentals.
I have 3 houses that are turnkey ready to rent today that I need a lender on.
And once the right lender is in place, I can do 3-5 of these a year...
My credit rating is OK. Because I own a business and run a lot of debt... I've never missed a a payment, no delinquencies, etc... Just high use of debt lines...
My taxes used to help me with the Re-fi. But last year my income source changed to cap gains and the banks don't want to recognize the income... I made enough, just not the right kind...
I have a 14 yr record of being in the public eye with my remodeling business. I am easily vetted and ready to move now on multiple properties...