Originally posted by Chris Weiler:Another option, if title/escrow is cool, just make the offer in your personal name and tell escrow/title you want to take title in the name of your LLC.

thank you @Nate and @chris but do you guys think it's a good deal?

These loans are NOT sold off as MBS, but are instead held on the balance sheet of the originating bank.I am not a banker, so my explanation may not be picture perfect, but that is a rough idea of how that world operates.As @Chris Martin mentions, the GSE underwriting looks at ALL mortgages you are involved with of any significance, so you could potentially choose to do a couple more Fannie deals before going ahead with the portfolio route, but you can't do it the other way around.  

Thanks Chris,Still waiting on underwriting.  

Originally posted by @Chris Simmons:Based on what I know, if the damage is done, its done.  

Awesome Chris!

I agree with Chris...What do you know about the sellers and the motivator for them entertaining the sale?

@Chris Jones Could you tell me more about the REI club in Frisco?  

@Kevin Sullivan welcome to the site.

For example in the 3 properties that I have bought so far, each was purchased between 70-80% of the value with cash, and then I immediately did a cash-out refi (like you mentioned Chris), while the lender still had a 80% LTV with no money down on my part.