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Updated over 10 years ago on . Most recent reply
Looking for a Portfolio Lender who Loans Nationwide
Looking to team up with a portfolio lender for long term goals. I currently have no loans on any of the property's I own so I would not say I am advanced in exactly how the process works.
I am currently flipping homes in Las Vegas, and in Houston, TX. I buy all my homes Cash and want to transfer some of the funds into rentals. As of right now I would say 80% of my business are flips, and the other 20% is a rental property I have.
I am looking to make that about 50/50 by the end of the year. I have one rental in Las Vegas that is paid off, I would like to make get a equity loan out of it to use towards higher returns in other markets around the US for rentals.
I have two property's I am selling that are currently in Escrow and I have one home for purchase in escrow in Houston. My business is 6 months old so banks will not give me a loan as of it with my short amount of time since start up.
I would ideally like to find a high LTV lender (wouldn't everyone), 30+ year terms, and 5% or lower rates.
Thank you for your time.