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Updated about 6 years ago,
Switching to portfolio loans
Hi BP, was wondering how many people make the switch and not use all there 10 conventional loans and go straight to portfolio? I have 3 properties all in conventional but the process is slow and would like to go faster. I know investors say you can buy with a LLC and refinance earlier but seems like alot of moving parts. The other is the delayed financing but after calling a ton of banks, no lenders know or can put the rehab costs into the loan.
It bothers me leaving conventional options on the table but I want financial freedom so bad!
Thanks for the advice!
Ryan