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Updated almost 8 years ago,

User Stats

7
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0
Votes
Aaron Bock
  • Real Estate Investor
  • Charlotte, NC
0
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7
Posts

Refinancing out of a Portfolio Loan? Advice / Strategies?

Aaron Bock
  • Real Estate Investor
  • Charlotte, NC
Posted

I am currently under contract for 3 properties (4 doors) at $155k.  The current rent on all doors is $2300 / month which I would love to just keep.  However, this being the first time buying multiple properties at once, I have some questions:

1) If I just want to get a long term loan and keep the mortgage / rent the same - who would be the best person to provide a loan like this to an young LLC? Local Bank? B2R? Commercial?

2) One of the properties needs about $20k and the other two probably could use about $5-10k in repairs.  If I wanted to take hard money and refinance out of this, could I refi as a portfolio again?  Or can I refi each house separately?

Has anyone done anything like this and provide any advice?

Thanks!

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