Do you have enough flexibility to just use it at the drop of a hat?

I do not think it is that simple, but I feel like I have a flexible seller and a good deal on my hands.

But a private lender might be more flexible on down payments and qualifications.Based on your other posts, I'm surprised you've decided to try to buy a rental property.

I decided to just strip it and put up hardi plank...The three main things appeared to be:1) proper cleaning of any chalked paint and scuffing of any smooth surfaces, 2) using a base coat desenged for proper adherance, and 3) since aluminum will expand and contract more than wood with changes in temperature, you need a paint that is relatively flexible.

That type of irrational behavior could only be due to regulatory pressure.In portfolio lending, banks are moving away from 5/1 ARMs and toward 5 yr balloons, to give them greater flexibility to adjust rate/terms, or to be rid of the loan if they so choose.

We want to get the best rates and terms, however we want to be flexible in case we want to buy other investment properties.So what happens if I go with this lender, use up my limit of 4 properties (since its backed through freddie mac), and then if I find another property to buy and I want to buy it through a fannie mae backed lender?

And lastly, create an incentive for your tenants that make a win-win for both of you, such as early pay discounts, a home-buying clause in the contract and flexible bi-weekly pay schedules if needed.

The best program for those seeking checkbook control and maximum flexibility is the solo K in my opinion.

., only a few branches in some area) bank be more flexible than the big guys.There are a bunch of thread about LLCs and such in the Goals, Business Plans, Entities forum.

That is unless, of course, you already have four financed properties.This discussion is limited to FNMA delayed financing/FNMA cash-out loans and would not have the same guidelines as bank loans that are not sold into Fannie Mae (generally more flexibility with the trade-off being shorter terms and higher rates).Sam