All Forum Posts by: Brandon Croucier

The only people who would do this is private individuals with deep pockets.

Well once the loan is Originated there’s no taking one out and adding another, I wouldn’t touch a blanket in that position then, there will be difficulty taking one out/penalties, definitely just suggest a cashout refi.

The difference is just UW fees, better than paying a 20% increase at payoff to remove properties.

We have a direct product that does portfolio/blanket loans, even if the properties are out of state .

How many properties are in the bundle?

Why not just do regular cashout refi ? 

LOL, BP Support is shaking now

There is a product for this, but honestly its going to be more along the lines of hard money.

You are going to save $$$ by just simply doing a cash out refinance and using that as your down payment; especially if you have good credit.

 Both, whatever is going to increase its return on investment the fastest (equity or cash).

I couldn't disagree more,

The cost of deals falling apart because of incompetent LO's alone is far more costly than dealing with a broker.

Even more so, as a broker; clients come to me with term sheets from direct lenders all day long and I beat them hand over fist. Never mind the quality customer service you get from an LO who is more incentivized to close your loan rather than a W2 employee who is paid hourly with small commission bonus. 

I've worked for a few direct lenders and theres a reason the cream of the crop become brokers; half of W2 employee LO's have no idea what they are doing...

If I'm buying a property, I want a good quarterback directing me through the process, not a third string who is lucky to see the light of day.

 evicting them. Tenant has done nothing wrong.

Are they paying rent? If they are, your out of luck. 

Nobody is obligated to pick up calls and text messages.

Buy where you see the greatest ROI over the next 10 years, forget the primary.

The difference in interest rates will be negligent if your buying the right assets in the right places.