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Updated about 2 years ago,

Wesley Myers's profile image
Wesley Myers's profile image
Wesley Myers
  • Rental Property Investor
  • from Inlet Beach, FL
  • Member since Oct 10, 2019
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User Stats

90
Posts
32
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Wesley Myers's profile image
Wesley Myers's profile image
Wesley Myers
  • Rental Property Investor
  • from Inlet Beach, FL
  • Member since Oct 10, 2019
Connect
Wesley Myers
  • Rental Property Investor
  • Inlet Beach, FL
32
Votes |
90
Posts
Short-Term & Vacation Rental Discussions

Portfolio loans, any drawbacks?

Wesley Myers
  • Rental Property Investor
  • Inlet Beach, FL
Posted

I'm currently working with a lender on a Portfolio loan for my 2nd STR. Rate is great (considering market) with 15% down 30yr fixed on an investment property.

I’m not too familiar with these types of loans and it appears they are non-conventional. Plan to refinance in a few years whenever rates come down. No prepayment penalties. Anything I should be aware of on this type of loan?


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