Skip to content
×
PRO
Pro Members Get Full Access!
Get off the sidelines and take action in real estate investing with BiggerPockets Pro. Our comprehensive suite of tools and resources minimize mistakes, support informed decisions, and propel you to success.
Advanced networking features
Market and Deal Finder tools
Property analysis calculators
Landlord Command Center
$0
TODAY
$69.00/month when billed monthly.
$32.50/month when billed annually.
7 day free trial. Cancel anytime
Already a Pro Member? Sign in here

Join Over 3 Million Real Estate Investors

Create a free BiggerPockets account to comment, participate, and connect with over 3 million real estate investors.
Use your real name
By signing up, you indicate that you agree to the BiggerPockets Terms & Conditions.
The community here is like my own little personal real estate army that I can depend upon to help me through ANY problems I come across.
Classifieds
All Forum Categories
Followed Discussions
Followed Categories
Followed People
Followed Locations
Market News & Data
General Info
Real Estate Strategies
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Real Estate Classifieds
Reviews & Feedback

Updated almost 10 years ago, 01/20/2015

User Stats

60
Posts
19
Votes
Steve A.
  • Indianapolis, IN
19
Votes |
60
Posts

Help with a portfolio lender

Steve A.
  • Indianapolis, IN
Posted

I am in a bizarre situation. I own more than 20 units but acquired them all last year. I've had some for only 2-3 months. There are eleven buildings, half were cash purchases and half have conventional 30 years. I have two years of tax returns, but it take advantage of all my writeoffs, so they only say 13k and 13k. I cashflow much more than that, obviously.

I quit my 50k salaried finance job last year and took a job in oil and gas. The base for this job is 24k/year but we get day rate bonuses that drives this up to 120-150k per year.

I am struggling to find financing. I will be acquiring new properties in June. I don't think I will be able to go conventional. Does anyone have a good portfolio lender who would work with me? I have to finance and stop buying in cash if I want to grow.

Loading replies...