All Forum Posts by: Ryan Keenan

@Alejandra Roca

Thanks for your response! Does your bank allow you to refinance under 6 months? For me I'm just waiting for the refiance in december to do it again but it's not fun waiting on the sideline lol

@Alejandra Roca

Hey, kinda late to the thread on here.. but wondering if you used portfolio loans to start or stayed with conventional? I would like to use the 10 conventional loans myself but at that rate I could only do 2 deals a year when you take into account the seasoning period when using the brrr method. I kinda want to just switch to portfolio..

@Keli Coleman

Hi, I was wondering if you ever did use Visio? Interest rates are in the 7%? Any lower?

Thanks!

Hello BP, been researching on here pretty heavy about using portfolio loans. I'm still alittle confused. Say you have a 5/1 arm and the 5 years is up, I know it adjusts but what if there is a balloon? What are the best types of commercial loan terms to strive for?

B2r , visio , these aren't commercial lenders? Is it better to use them?

Thanks!

@Jerry Padilla

Great! Thanks Jerry

Hello BP, I know that conventional loans allow for 10 loans max. If you make a basic income say 60k a year is it still possible to obtain 10 mortgages? Mortgages in my area I'm looking at are around 80 to 100k. Does it get more difficult after a certain number in reguards to DTI. Do you need a high paying job to get 10 conventional mortgages?

Thanks

@Jared Rine

Thanks for your response! What kind of rates have you seen specifically with there 30 year fixed program?

Has anyone have expierence using visio lending? Specifically there 30 year fixed program? Kind of rates are tough seeing?

Thanks!

@Alexander Felice

When you buy large multifamily, pretty much need a large down payment? And for the most part the cash is stuck in?

@Doug Smith

Hi Doug, so your saying buying 1 to 4 units with a commercial loan will count towards 10 mortgages. So say I buy my next property a single family with a commercial loan , the banks will count that as number 5 if say i was to try to get a conventional loan for number 6?

Thanks!