Do you know of a portfolio lender in Ohio?

[Account Closed]

Hi everyone

I currently live in Colorado and am considering investing in some buy and hold realestate in Ohio.

Does anyone know of (or are you) a portfolio lender?

My situation is a bit different than most in that I have recently moved from Australia and am not a US citizen. I'm here on a work visa that i plan to renew indefinitely but it is a problem for some lenders. I've also only been working for a short time (3 months).

Having said that, i have a good credit score, no debts / defaults and a reasonable amount of cash. 

I've managed to secure lending in Colorado through a local bank (so it is possible!) that does portfolio loans for reasonably good rates / terms and would like the same in Ohio. 

I don't really want to approach the large banks as they typically don't have appetite for this and would like to speak with a bank that has a degree of flexibility that can look at a deal on it's merits.

In Australia i worked  for a large bank for 10 years and have lending experience among other things so i can put a deal together if the person i am talking with is prepared to have a discussion rather than tick a box if you know what i mean. I also have real estate experience and my family have been property developers for over 20 years.

Apologies for the long post but hopefully this will provide those with the right contacts to chime in based on the situation.

Many thanks for your help everyone!

Rudi

[Ken Badziak]

You can always ask the Dingo Investor, Engelo over at Ohiocashflow.com!