@Christian RuizWelcome to the vibrant BP community.

@Ozzy SosaWelcome to the vibrant BP community.

I believe this area is going to be more economically vibrant and stable tenant flow than some other areas I have looked at such as Temple area+Northern Liberties+Kensington . 

You have to have a job to buy a house, and if you have high paying jobs the trickle down economics spreads over the whole city creating a vibrant economy and a healthy real estate market.Thanks for sharing Scott!

@Asia CumberlanderWelcome to the vibrant BP community.

@David GerardWelcome aboard the vibrant BP community.

@Jesse BurrellWelcome aboard the vibrant BP community.

This means the process is a lot less stringent (based on personal financial statement, debt coverage ratios (subject property DCR/global DCR)) and funds much more streamlined and quicker.In a recent example, a conventional cash out was only going to get me 65-70% LTV around 4.75% with no points, but if I went with portfolio it was going to be 4.99% up to 80% LTV with 1 point cost and terms were 10 year with balloon thereafter, 5 year fixed adjustable rate within the 10 year balloon period, 30 year amortization - principal & interest payments, w no pre pays. 

It seems crazy to me that with all the globalization going on, your applicant doesn't exist to the credit reporting agencies.

We've opted to start our focus 'in our backyard' here in Lake County, though may (likely will) branch out further with time...Non-RE investing background:  I'm an engineer by trade (with all the anal-retentive number crunching that comes with it), presently in a 'Global Strategic Planning' role at my corporation.