Then instead of going and living an extravagant lifestyle, I kept building my portfolio.

Is that the numbers they are expecting to sell the portfolio at?

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.

My PM is Portfolio Properties now and they handle all the repairs.

Anyone know of hard money lenders in the buffalo area or know of any local banks who do portfolio lending?

I have two condos in my portfolio and I like having the HOA restrictions to help keep the community, tenants in check and the risk of the community deteriorating over time is also reduced with a well run association.Currently I live near a huge townhome complex (few hundred townhomes) that was built in the late 90's.

The bank is not requiring any seasoning, as soon as the rehab is completed they are refinancing me with portfolio loans up to 85% of the new appraised value.

It was a mixed month, but not too bad:- Made the decision to start adding single family rentals to our portfolio again.

Over the next two years I plan on using existing cash flows from my current portfolio to 1) continue the aggressive debt paydown on these two balloons and 2) purchase an additional 6 SFH or fewer multi-families totaling about $150,000 in total acquisition costs.The options I see are:1) current situation- continue paying off the two 6.625% mortgages over the next 28 months.

I can likely 1031 exchange my portfolio into some pretty conservative investments and be better off.