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Updated almost 10 years ago on . Most recent reply
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I want 50 rental properties in NJ in 2 years...
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
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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.