Skip to content
×
Try PRO Free Today!
BiggerPockets Pro offers you a comprehensive suite of tools and resources
Market and Deal Finder Tools
Deal Analysis Calculators
Property Management Software
Exclusive discounts to Home Depot, RentRedi, and more
$0
7 days free
$828/yr or $69/mo when billed monthly.
$390/yr or $32.5/mo when billed annually.
7 days free. Cancel anytime.
Already a Pro Member? Sign in here

Join Over 3 Million Real Estate Investors

Create a free BiggerPockets account to comment, participate, and connect with over 3 million real estate investors.
Use your real name
By signing up, you indicate that you agree to the BiggerPockets Terms & Conditions.
The community here is like my own little personal real estate army that I can depend upon to help me through ANY problems I come across.
Private Lending & Conventional Mortgage Advice
All Forum Categories
Followed Discussions
Followed Categories
Followed People
Followed Locations
Market News & Data
General Info
Real Estate Strategies
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Real Estate Classifieds
Reviews & Feedback

Updated over 9 years ago on . Most recent reply

User Stats

510
Posts
209
Votes
Nathan Paisley
  • Flipper/Rehabber
  • Atlantic County, NJ
209
Votes |
510
Posts

I want 50 rental properties in NJ in 2 years...

Nathan Paisley
  • Flipper/Rehabber
  • Atlantic County, NJ
Posted

I'm not kidding. So I guess I'm looking for a portfolio lender to assist me in reaching my goal. The short, I'm a wholesaler with access to extremely discounted properties and I want to start buy n holding every other or all of them asap.  I have good credit a steady GOV. job and the house my wife and I live in is in her name. 

I will start cold calling local banks but figured I'd reach out to fellow members for some guidance! 

Nathan

Most Popular Reply

User Stats

97
Posts
46
Votes
Clayton P.
  • Landlord, Wholesaler and Agent
  • Newton, NJ
46
Votes |
97
Posts
Clayton P.
  • Landlord, Wholesaler and Agent
  • Newton, NJ
Replied

I just hooked up with one. How I found them:

Went on the FDIC website and looked up all banks around where I'm buying, then started filtering them down by how many branches they had in the company as a whole, not just in the area. When I got down to 3 to 5 branches per bank, that's where I started. Set a meeting with one of them, brought in my business plan, some sample deals, & some other materials, they presented me their side, and we're ready to do business, and I have no cap on the mortgages they'll give me, as long as the financials are good. Try it, you might have some luck.

Loading replies...