Rapid Acquisition of SFR's - Portfolio Lender Strategies

[Carolyn L.]

I recently attended a seminar in Austin hosted by a KW broker, AMP Lending (portfolio lender), and Longhorn Lending (hard money lender), titled: Rapid Acquisition - how to finance 10 homes in under 10 months.  The basic plan is to finance the purchase and repairs with hard money; refinance out to conventional; rinse / repeat.  The lender would include net rental cash flow as part of the income qualification for each subsequent loan to build the portfolio.

My questions are:  is this standard practice?  Do all or most lenders use this method?  Has anyone worked with AMP Lending, or know of them?  Would love to hear from clients for references.

Finally, would anyone have a pro-forma template for a financing scenario to acquire multiple single family rentals and/or flips that would factor in all qualification criteria, i.e., DTI, reserves, DSCR, NOI, etc.?

All advice and suggestions appreciated!  Thanks, BP!