Talk to a bank about a portfolio loan in his name and you sign as a guarantor, not a borrower, I suggest a smaller bank.

I'm financing through a local portfolio lender.

Real Estate is only a portion of our portfolio we have oil I have invested into as well that has done well over the years.

If rehab is needed, you will have to fund that out of pocket.Some lenders will make portfolio loans.

No cash out but lets me build the portfolio.

Court documents, or a call to the bank's REO department might get you to the person/persons to speak with concerning your interest in purchasing the asset.You may be able to purchase the note prior to foreclosure, or purchase directly from the bank post foreclosure.I worked for a California bank back in the RTC days and handled their REO portfolio in AZ.

I have only one investment property, a rental which I own outright, but I would like to expand my real estate portfolio .

Happy to help, consult, and grow our business and RE portfolio together Melvin.

Zach has a $1.1M deal and we might have a hedge fund that can buy the note and make that deal happen We also introduced Kyle to a portfolio lender who can prequalify the buyers he will get on a fix-and-flip he is selling right now.

From what I understood, it has something to do with the involvement of the government in the way Fannie Mae and Freddie Mac operate (the Federal Takeover of 2008) As I was explained, the new DTI requirement will apply to private portfolio loans, but not to loans that will be sold to Fannie Mae and Freddie Mac (Conventional loans).