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All Forum Posts by: Zach Wain

Zach Wain has started 11 posts and replied 382 times.

Post: Portfolio Lenders Phoenix

Zach Wain
Lender
Posted
  • Scottsdale, AZ
  • Posts 401
  • Votes 233

Hi Randy, 

There are many great lenders, I consider myself one of them, that you are able to help you purchase up to 10 financed properties.  I would not recommend a portfolio lender unless you want to deal with higher rates and long underwriting timelines.    

You can buy several homes at one time or spread your purchases out.  Currently, our avg loan close time is 17 days, so the process can move quickly, and in fact that is one negotiating tool that you can use to get a sales contract in a tough sellers market.  Offer the same dollar value as the next person, but closing in 15-20 days instead of 30 days is attractive to a seller.

20% down vs 25% down is another item to think about.  Definitely compare the numbers and see what is more important to you, a lower rate/payment or more capital to buy more homes.

Reach out if you have any questions.  

Post: Redding CA -Shasta County Meetup

Zach Wain
Lender
Posted
  • Scottsdale, AZ
  • Posts 401
  • Votes 233

Just joining BP and plan on traveling to my licensed states multiple times a year. Let me know when you do the next one and I will try and fly out or happy to join on FaceTime.