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Updated about 9 years ago on . Most recent reply

Chris Sukala's profile image
Chris Sukala's profile image
Chris Sukala
  • from Rockford, IL
  • Member since Nov 12, 2015
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343
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Chris Sukala's profile image
Chris Sukala's profile image
Chris Sukala
  • from Rockford, IL
  • Member since Nov 12, 2015
Connect
Chris Sukala
  • Rockford, IL
95
Votes |
343
Posts
Private Lending & Conventional Mortgage Advice

Portfolio loan

Chris Sukala
  • Rockford, IL
Posted
Ok so I found a SFR for sale has tenants in place. The plus side is there is another house on property and also has tenants in place. It Has one tax bill 2 addresses. Property pins show everything under main address. I contacted my banker and asked her because it has one tax code but 2 addresses how does this work. Do I get 2 separate loans or one. They are selling as a package deal. She told me I would have to get a portfolio loan. Which I guess is a 5/1 arm. Is this correct?
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