looking for a local portfolio lender in the Cincinnati OH market that can offer a 1yr ARM product with no pre payment penalty on owner occupied property.Also, looking for similar product in Atlanta GA area.Thanks for the guidance.

Hello,I hope this is in a good section, Its my first true post other than my introduction earlier today.I have rentals in the central florida area and as such I scour Zillow and Realtor.com on a regular bases just to get an idea on pricing, sales and other rentals.Mine are in a complex called Columbia Arms.

The risk in this type of loan structure would have pointed many banks to use ARM's and to float with PRIME to keep pace with the market.  

Here you will meet wholesalers who provide deals and all the cash buyers (rehabbers) you will need.To find out about an area or select a PM go to IREM.org search for ARM certified property managers.

.$327,500 purchase price15/1 ARM with 10% down @ 4.033% for monthly payment of $125510% HELOC 30 yr @ 7.74% for monthly payment of $231Plan on paying off more than the minimum on the HELOC every month.Quotes 30yr fixed have been coming on around 4.25 so the monthly payment will be about $1,300.

It seem this agency is one arm of Section 8, but I am not an authority on this.  

Real estate education shouldn't cost you an arm and a leg.

They also have a financing arm Visio Financial Services which does lending on properties you buy apart from econohomes.

Or are ARM's the only way that banks will finance buy and hold rentals in a LLC?

@Ziad Maalouf Go to http://www.iremquebec.org search for ARM certified property managers.