Skip to content
×
Try PRO Free Today!
BiggerPockets Pro offers you a comprehensive suite of tools and resources
Market and Deal Finder Tools
Deal Analysis Calculators
Property Management Software
Exclusive discounts to Home Depot, RentRedi, and more
$0
7 days free
$828/yr or $69/mo when billed monthly.
$390/yr or $32.5/mo when billed annually.
7 days free. 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.
New Member Introductions
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 17 years ago on . Most recent reply

User Stats

30
Posts
1
Votes
Peter Kandra
  • NJ
1
Votes |
30
Posts

Hello from Central, NJ

Peter Kandra
  • NJ
Posted

Hi everyone. My name's Peter Kandra. I've been monitoring the forums here for a few weeks now and find a world of info available. I've been purchasing SFR in the Trenton, NJ area for almost 3 years now. I currently have 11 so far. 8 are with a neighbor / partner and the others are just my wife and I. With the state of the mortgage market the way it is, I seem to have hit a plateau, and am unable to find financing for additional properties. All of my acquisitions to date have been with 90% LTV full-doc financing. As recently as several months ago, there were plenty of lenders who would cap an investor at 20 loans, now there's only a handful that will cut you off at 10. What's a investor in my position to do ? There's no shortage of good deals in my area...I can buy 5 houses tomorrow if I could get financing. Thanks for any advice you can offer.
Pete

Loading replies...