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Updated over 3 years ago on . Most recent reply

Mike Partington's profile image
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Mike Partington
  • Member since Dec 23, 2017
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Mike Partington
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Mike Partington
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Interest Rate Drops

I Have 22 properties (40 Units) looking to get a fixed rate?

Mike Partington
Posted

I Have 22 properties (40 Units) looking to get a fixed rate? Properties are worth Approximately 2 Mil. and owe 900K. With great credit. I have everything at one local bank and all on 5 yr ARM. The cash flow is 20k a month. and pay approximately 11k in mortgage and taxes a mo. My banker says i cant get a fixed rate? Or better yet would like to get 1 loan for 900K as I don't plan on selling. Is it possible to get a fixed rate with rental property?

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