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Updated almost 10 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.

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