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Updated almost 9 years ago,

User Stats

431
Posts
171
Votes
Joseph Weisenbloom
  • Investor
  • Austin, TX
171
Votes |
431
Posts

Financing strategy: conventional or portfolio

Joseph Weisenbloom
  • Investor
  • Austin, TX
Posted

Guys I just closed on my 4th conventional loan. I understand I can get conventional financing up to 10 loans. I have also been offered portfolio lending which appeals to me because the lack of seasoning period. My plan is to do a blanket loan once I hit 10 loans and refi to tap some of my saved equity.

My question is should I just start using portfolio lending now instead of conventional? I figure it could be more expensive with closing costs to do 10 separate conventional loans and then a refi for a blanket loan. What are your thoughts on my financing strategy? Whats a smart way to scale quickly?

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