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Updated about 5 years ago,
Portfolio lender requires Class A contractor???
Going to doing BRRRR investing.
I spoke with a local bank because I’ve read about portfolio lenders are not subject to the 10 mortgage max, cheaper than hard money, and want to establish a relationship for long term.
They said that they require a Class A contractor to rehab the properties.
Is this always true or can it be negotiated if we do a few deals first?