All Forum Posts by: Jan H.

Originally posted by @Adam Craig:

Between all 12 properties I have an estimate 265K in equity. I wont be refinancing my own home - just my investment properties.

I'm not sure if you have any relationship with a smaller local bank or credit union, but you might want to consider start building it. Smaller banks have different underwriting guidelines and can be more of a partner for investments. I recently had a really great experience at one of our local banks. They consider portfolio loans as well, with your portfolio you might be able to get some more cash. Good luck! 

My number one rule is not to buy in 'war zone'. The deal might look very good on paper but there are too many variables (gang, criminal activity, drugs etc.) and your property management cost will be much higher, as well as repairs and such. Not to mention that if you want out, it will be a harder sale. Good luck!