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Updated over 8 years ago, 09/19/2016

User Stats

83
Posts
22
Votes
Corey Smith
  • Real Estate Investor
  • Auburn, WA
22
Votes |
83
Posts

Portfolio Lenders

Corey Smith
  • Real Estate Investor
  • Auburn, WA
Posted

Portfolio Lenders seem to be a good way of breaking the four-loan limit that many people talk about, but my question is about the ability to use a bank that offers them as a new (ie. First Time) investor. 

Who out there in the BP community has be able to secure a portfolio loan without having some amount of success as an investor beforehand? I own my own home, have an accidental rental that has been tenant-occupied for over 7 years now, have great credit, good W2 income, and moderate debt (student loans and cars, mainly).

And for my local BP'ers (Seattle, Tacoma, Bellevue, Washington) ... what are the local banks that I should be contacting in the area?

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